Credit Card Cheques

JustJewels

Hi All

Hoping someone can comment...

Lloyds TSB keep sending me credit card cheques, even though I've asked them not to :mad:

However, when they sent me the credit card cheques for the second time after I asked them not to, I actually read the terms and conditions, and realised they were offering me an introductory rate of 0% for six months, subject to a 3% fee, £3 minimum

I am tempted to write myself a cheque for the maximum and stooze for six months, although the 3% fee, plus the hassle of sorting the minimum payments puts me off, and I can't use my full credit limit (have to leave £100 for "interest and fees" according to Lloyds)

Is it feasible to stooze for 6 months, or am I missing something?

Cheers

JJ

johnllew

How are you going to make a profit? A 3% fee upfront for a 6 month BT is more than 6% pa so you're going to need a better rate on the money invested than 6% after tax. How are you going to do that?