Anyone have any negative experience with these? I would like to do some good investing w/ this money, and want to make sure they are not going to hike my rates.. Can anyone confirm they don't pull the tricks that First USA does? Thx..
I have no negatives with using citibanks low rate balance transfer checks.All you need to do is to make sure you pay every creditor on time,and don't max out your total availiable credit limits.They can raise your rates if they see more then 80% used against total availiable credit including the 5.9% offer,so just be prudent with your credit usage and everything will be alright.I am enjoying their 4.9% offer that is good until my balance is paid-off.Citibank is the best creditor as far with their balance transfer offers.I have read some posts on other message boards where citibank has raised a couple of peoples interest rates due to excessive use of credit so just stay under 50% of total availiable credit to avoid any surprises from any creditor including citibank.
"IN THE EYES OF MOST CREDIT CARD COMPANIES"~~~if you DON'T ever BT...you are a BAD customer!!! CHECK THIS OUT----->SOME CARDS GIVE YOU AN "AUTOMATIC DENIAL" IF YOU DON'T BT!!! They won't come out and admit it...BUT THEY DO!!! Just don't over do it...
Well, I have a total of 22k line w/ Citi.. I am thinking about using about 10,000 to write a check to myself so I have that cash handy for investments (safe investments for 1 year).. and plan on making the minimum payments until next year when I pay that balance off in full.. So if no one has had negative experience, then I'm leaning towards Citi in doing this.. and of course on my end, I just need to make sure I make timely payments monthly.. thoughts?
