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thinking of getting a credit card
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[quote][i]Originally posted by --Dave--[/i] in its simplest form, open up a high interest savings account or perhaps an ISA. (anything with higher returns in interest). Take out a new credit card offering 0% interest for 6 or 9 months (Capital are offering 0% until Jan 2008). Do a cash transfer from your credit card to your savings account. Before your interest free period runs out take out another card. Pay off the balance of the outstanding card so you don't incur any interest charges. Rinse and repeat. I've never done it, nor would I recommend it to be honest, seems like a lot of hassle for not a lot of gain. See here for more info... http://www.stoozing.com/full.htm [/quote]
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