April 26, 2005

When we are watching the T.V and someone comes on doing all manners of playing card tricks, I don’t know about you, but they always seem to get my undivided attention and I’m quite in awe at the speed of the slight of hand and thought that goes into these tricks, then thinking “wish I could do that”.

Well there is a trick with, that I have found out that I can do and so can everybody out there, who has a bit of discipline and a good memory and can afford to pay off they’re monthly bill in full.

"using it to your advantage, if like I have said you keep your discipline when doing it"

It’s a trick that needs three cards only, but these cards are not playing cards they are and it is a trick that will make you money when you do it and wont just be for other peoples entertainment.

It involves the great deals that credit card issuers are putting on the market right now and using it to your advantage, if like I have said you keep your discipline when doing it. Credit card companies have been fighting and scraping for all the customers that are out there who want a credit card or not. This has led to the length of they’re special offers that have went from deals that were for 0% on balance transfers or purchases for 3 months, to some giving you the chance of 0% for up to a year for the same offer.

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Now by using the choice that we have in that are giving these deals, we can take out these cards and over the period of a couple of years we can make up to a figure of £400 or more over this time.

First Step

The first thing that you have to do is take out a credit card that has a 0% period of 9 months, a little tip is to make sure that the credit card that you have purchased, will let you use the balance transfer facility within the first three months, when this is established you can then start transferring the balances on any other every other month during this 3 month period.

Second Step

The next part of the trick is to then apply for another credit card with an offer of 0% of 9 months or more, you then use this one to make purchases, and while you are saving any interest that the other credit card is being used for. The second card should be used up until the end of the 0% interest free period. But remember to always pay the minimum monthly payments on each card and on time, so that you will not receive penalties that could lead to untold problems.

Third Step

The final part of the trick is when the 0% interest period runs out on both of the other cards, you then apply for a further 0% credit card, you then transfer the total amounts left on both cards on to the third and final credit card.

To give you an example of the type of cash that could be made, here a rough guide on the amounts that you can be looking at.....

Say that you spend on average of £1000 a month for the first three months, you then transfer that to the first credit card, while over the next twelve months you spend a total of £500 a month, during this time while paying the minimum payment you are depositing the rest of the cash that you would normally used to pay off the bill at the end of each month, into a high interest deposit account that will pay say 4%.

So this means that the deposit account will have £9000 lying in it gaining interest of well over the £400 pounds that was first mentioned, on a debt that is costing you nothing, and then transfer it to the third credit card to make more cash or you could simply dip into your deposit account and pay off the bill just before the end of the 0% deal that you have leaving a substantial amount of free money in your account.