Current Events > I've carried a debt of $1,000 for the past 6 years for lulz.

(+) Yeah! (+)

I signed up for a 0% APR for 24 months credit card and spent ~$1,000 on it. I couldn't end up paying for it, so I signed up for another 0% APR for 18 months credit card and transferred the balance. By the time the 2nd promo period was about to end, I was able to pay for it, but figured "I wonder how long I can keep this going", and took advantage of an offer of 0% APR for 18 months with 0% transfer fees that my current credit card company gave me.

Now, I can pay off the $1,000 pretty easily, but I'm still transferring the debt for lulz at this point.

My credit is pretty healthy (807 according to creditkarma), so I guess this doesn't affect credit too much.

Some people play video games, you have this.
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bluezero posted...

Some people play video games, you have this.

lmao
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Eventually you'll run out of 0% APR cards because you'll already have all of them

Then you won't have $1000 to pay back
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You still have to make a minimum payment when you have a balance.

bluezero posted...

Some people play video games, you have this.

Well yea, I play the system now. I opened up at least 20 different bank accounts the past three years, making over $5,000 in sign-up bonuses (obviously closing the bank accounts after the minimum time period and doing it again the following year!), and credit card churning as well.

Credit karma?! Lol people actually use that shit?!

Oh man the luz keep on coming. Use a real credit site my man.
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littlebro07 posted...

Eventually you'll run out of 0% APR cards because you'll already have all of them

No no, my existing credit cards are offering this. Also, as part of a credit card churner, it's obvious you close them after you utilize their benefits, so you can sign up again the next year or so.

Cal12 posted...

You still have to make a minimum payment when you have a balance.

Nope. No minimum payment required.

Ludwig Von 2 posted...

Credit karma?! Lol people actually use that shit?!

Oh man the luz keep on coming. Use a real credit site my man.

CK has matched my actual FICO score or at least been within three points for a few years now
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IdiotMachine posted...

littlebro07 posted...

Eventually you'll run out of 0% APR cards because you'll already have all of them

No no, my existing credit cards are offering this. Also, as part of a credit card churner, it's obvious you close them after you utilize their benefits, so you can sign up again the next year or so.

Cal12 posted...

You still have to make a minimum payment when you have a balance.

Nope. No minimum payment required.

There is always a minimum payment due even on 0% apr.

Ludwig Von 2 posted...

Oh man the luz keep on coming. Use a real credit site my man.

Sure. Discover's FICO score says 792. Citi's FICO score says 796. Capital One's CreditWise says 806. Weird how it's all different >_>.

Cal12 posted...

There is always a minimum payment due even on 0% apr.

As someone who's done this with at least four different credit cards, I'm telling you there is no minimum payment due.

IdiotMachine posted...

Cal12 posted...

There is always a minimum payment due even on 0% apr.

As someone who's done this with at least four different credit cards, I'm telling you there is no minimum payment due.

Ive done it more than you and there is always something. Usually $15. Its a built in way to get some money from you and preventing the story youre making up right now.

Cal12 posted...

Ive done it more than you and there is always something. Usually $15. Its a built in way to get some money from you and preventing the story youre making up right now.

Here's a screenshot:

Cards with no BT fees are pretty hard to come by.
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Show me a credit card company that lets you spend a grand without having to pay it back, I'll show you a credit card company that goes under before a year is up.

What a load of bs
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KawiKa posted...

Show me a credit card company that lets you spend a grand without having to pay it back, I'll show you a credit card company that goes under before a year is up.

What a load of bs

It definitely is. They never just let the balance sit there without a minimum payment. Then you miss the payment and there goes your 0%. One of the oddest made up stories Ive seen on here.