Want to buy Bluebird

[Dorn Hetzel]

Oh, on the gas discount, I use a card that gives 3% off all gas-station
purchases up to $500 a month, and that's all I use that card for and I pay
it off each month. Most places don't give 9c a gallon off for cash, at
least not around here

On Nov 26, 2007 4:10 PM, Ryan Wright wrote:

> Dorn,
>
>
> > My favorite form of financing is the periodic credit card deals of 0%
> for a
> > year or so on balance transfers. If the fee has a cap, which they always
> > did until lately and some do still, I just take the money and put it in
> my
> > savings account at 4.75% $90 to borrow $19,000 for 12 months and earn
> > almost $1000 in interest... Who would turn that down?
>
> That all works great until the credit card company "forgets" to apply
> your payment. I used to play similar games - until Citibank
> conveniently botched a payment I made. They raised my interest rate
> from 0% to 36%, tacked on a couple hundred bucks in fees and over
> $1,500 in interest charges by the time we got it resolved - and the
> whole situation was their fault, not mine.
>
> It took dozens of phone calls, complaints to the BBB and state
> attorney generals - countless hours of my time - to resolve. I did get
> all of the bogus charges and fees credited back and my interest rate
> reset properly, but the hassle was not worth the money.
>
> As it turns out, this is a relatively common practice amongst credit
> card issuers. Now I avoid these people like the plague. I also get a
> nice little discount when I pay cash for my coach fuel instead of
> whipping out the plastic.
>
> -Ryan
>
>


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