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With any credit card offering very low or no interest, watch out for tricks like your payments starting to show up on their books after the due date (even though you sent them in plenty of time) and your account getting slapped with huge "late fees" because of it. To make late payment even more likely, some credit card companies will change the due date each month, or frequently change the mailing address where they accept the payments. Miss the deadline (even if it is because of their bookkeeping games and not the schedule by which you actually send the payments) they might jack up the annual interest rates from "zero" to as high as 21 percent, maybe more.
There was one bank that enticed me to transfer a large balance, then started playing those games, which forced me to send the payments certified mail to have proof they received them on time -- and even then when I tried to send a large payment to clear the account, they cashed my check but failed to post it to my account for several months, charging "late fees" for "missing" payments that had already been made, jacking up the interest rate and threatening to notify the credit bureaus -- even though they were the ones causing the problems. Needless to say when the balance finally got zeroed out, I immediately closed the account -- but they refused to report the account as closed at card holder's request to the credit bureaus -- they said it was in case I'd "change my mind" and want to reactivate the account. (Never gonna happen, even if pigs do fly someday.) :>)
There's no such thing as a "free lunch" and it seems the credit card companies will try to get their profit one way or another regardless of the enticing "deals".
Burke
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