Charlton Heston, uhh I meant Moses. With help. :know:

They cancelled me. They kept offering me these incentives for less than 1% interest, so I took their money and used it to make more money, and still have yet to pay them off (I still pay the minimum on this one)! I'm not sure I ever will because I can earn more money in bank account interest than in paying the credit card debt. So I pay myself typically, but it mostely goes to stocks instead of my bank account

ANyway, the way they intended it to work is, they intice you to get debt going on the card with these checks you can cash at almost no interest, and then any purchases you do go on the card itself at 12% interest, but when paying the card, you have to pay against the less than 1% stuff and not the higher 12%, resulting in them gouging you for the high interest while you struggle to pay off the low interest. So the trick is to beat them at their own game and just plain not use the card at all, yet use as much almost no interest money that you can! THen you get what is in effect, FREE MONEY!

Personally, I hate to have the debt, but if you think about it logically, it would be completely stupid for me to pay off this debt since it is not in my best interest. THe simple fact that I am doing this is why AMEX cancelled my card (due to inactivity) - it is costing them money to have me around. Sooner or later though, even the minimum payments will kill it off, but I'll milk it to the very last.

-S

We have the same plan, i have an off shore account with a swiss bank intrest rates are very high over there and the intrest rates on repayments are low on the card, i plan to borrow say £15,000 off shore it into my swiss account then repay over a period of time hence not loosing the card nor occuring any cost, and making money in the same time.

Wait till they send you those checks in the mail and make sure they are like almost 0 interest and you can play the same game.

In the meantime, go get yourself a VISA for every day use. VISA is better since it is a pain to find places that take AMEX sometimes.

-S

I have two visa's i dont carry cash and these two cards are accepted almost anywhere except my local sweetshop :damn:

VISA rocks...

I just got my new one today after the old one succombed to fraud...man did I miss it!

I was stuck using a Discover card...that'd be fine...if anyone would take it!

:stare:
Since when did I abdicate my throne? For I am TLAM privateer king of the Proxima nebula, scourge of the Beta Quadrant. :rock:

:D

I have two visa debit cards love em to bits that and my check book only thing i paid in that realy was a customs charge they are right wan*ers.

I don't use cash. It's all debit card for me. Even fast food takes them now. You can't go wrong.

Anyone else see a big fall coming?

Are you the profit of doom or some thing xabbarus?

Im clever when it comes to money but even the cleverest get caught my plan is not to acctualy use it.

No just mucking around with CC cards is asking for trouble. I know acouple of people who thought they were clever with money shifting it around from this card to that and playing one off against the other and they ended up **** creek with no paddle.


Thing is what is your income. You've applied for the navy merchant and royal but are you earning decent money?

Credit is just way to easy to get.

If you can get away with it great but just be careful.

Credit doesn't spell death. Especially if you only have one or two cards with limits under 1grand, it's hard to screw up so badly you can't manage.

I do have a decent wage, and as i said im not going to use it that much £500 a year is what i have to spend so il spend that and only that.

Opps sorry TLAM Strike AKA Lord of Anarchy http://www.langkawi.dk/midis/181.gif


KAP got your card yet :hmm:

They said it takes up to 10 days when i phoned.