Need a 0% Interest Rate?
Posted by Stephen on
November 25, 2006
This time of year, everyone racks up a little bit of debt on the credit card. Shortly after the Holidays is RRSP top up time again as well too. How do we make the best of both situations? Well, first off, you shouldn’t be racking up debt that you can’t afford over the holidays! Second, if you were going to pay off your card by the end of the year anyway, why not do it with someone else’s money, and get yourself a 0% loan in the process?
CitiBank has a special 0% Balance Transfer till October 2007 on one of their Mastercard products. To get it, go here and apply offer code N6T. Should take you about 5 minutes. Approval rate appears to be fairly good unless you’re a total hack. Most people are reporting receipt of their cards and balance transfer checks in about 2 weeks.
Since you had the money accumulating in your 4% savings account to pay off your Holiday Debt anyway, now you can pay it off with the balance transfer, and continue to enjoy your 4% interest rate in your high interest savings account until you need to top up on those RRSP’s, or better yet, just keep saving until it’s time to pay off your 0% loan. Just keep up with your minimum monthly payments, and you’ll ride interest free till October 2007. Great offer!
It says you have to be a Canadian resident on the link provided.
Here you go. I think it is still active:
http://citi.bridgetrack.com/usc/platinum/generic/12mos/default.htm?BV_UseBVCookie=yes&BT_X=1&BTData=C02117E7761617F545C4246B7A5A1A8A6949D9D82FFF6F8F3F4CA26CF5B9&BT_AS=8&BT_CON=1&app=UNSOL&sc=4T3Z5GG5&m=0CBN7H5AN0W&langId=EN&siteId=CB&B=M&BT_TX=1
Keep in mind, you still owe them a minimum payment every month which is 3% of the principle. It’s ZERO, but not ZERO as in no payment.
Hrmm the Canadian link doesn’t work… heh it asks for a code but then says error when I put the code in…
I think this promo is over. The new one is for 0.9%. Still good, but it ain’t no 0%.