Credit Card Offer

From: Ira Krakow <ikrakow_1999@yahoo.com>
Subject: Credit Card Offer
Date: Sun, 19 Dec 1999 10:19:43 -0500

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I received a credit card offer for a Platinum VISA card from Capital One =
Bank in Richmond Virginia.  The offer is "exclusively" for those people =
who celebrate their Polish heritage.  (I have no idea how these people =
figured out that I was in this category.)

Anyway, the offer sound intriguing because they would not charge any =
interest until July, 2000 on new purchases, and then go to 9.9% after =
that.  Now, I normally pay my entire credit card balance in full at the =
end of each month because I'm allergic to credit card debt.  The offer =
of no interest also appeared to apply to balance transfers.  So I was =
thinking that maybe I should generate a balance (like maybe writing a =
bunch of checks against another credit card that I have where the =
company always sends me blank checks), depositing it into a money market =
account, and then transferring all of this to this Polish Heritage Visa =
Account.

Anyone see any problems with this strategy?  Or do you think it's too =
much hassle?

Ira


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