Over 2 yrs ago, Citibank made me an offer thats one of a kind.
0% balance transfer for the lifetime of the balance
I borrowed $15K and 2 yrs later, the balance is now just under $10K.
So they sent me a letter saying that for the next 6 months, anything I pay over the minimum payment, I would get a rebate of 10%....a maximum of $550.
And also, my credit line would go down.
Example: lets say next month, my minimum is $100, I paid them $2100.
Thats $2000 extra and I get 10% back, which is $200.
So if I was to paid them $5600, I would get the maximum $550 right away.
I was going to do it if I wanted the $550 right away but I can slowly earn more than that.
$10,000 @ 5% until I paid it off should get me a lot more.
I find it funny because Citibank thought I would goofed somewhere along the way but 2 yrs later, I'm still perfect and I think its a way to buy me out somewhat.
0% balance transfer for the lifetime of the balance
I borrowed $15K and 2 yrs later, the balance is now just under $10K.
So they sent me a letter saying that for the next 6 months, anything I pay over the minimum payment, I would get a rebate of 10%....a maximum of $550.
And also, my credit line would go down.
Example: lets say next month, my minimum is $100, I paid them $2100.
Thats $2000 extra and I get 10% back, which is $200.
So if I was to paid them $5600, I would get the maximum $550 right away.
I was going to do it if I wanted the $550 right away but I can slowly earn more than that.
$10,000 @ 5% until I paid it off should get me a lot more.
I find it funny because Citibank thought I would goofed somewhere along the way but 2 yrs later, I'm still perfect and I think its a way to buy me out somewhat.
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