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Credit Card Surfing 101 And How It Can Affect Your Credit Score
This situation forms a loophole that can be exploited by credit card surfers. Purchases are made with their 0% APR credit cards till the maximum credit limit. Only the minimum amount imposed by the credit card company will be paid each month without incurring the cost of interest charges. Once a card is maxed out, credit card surfers will make an application for another 0% APR credit card and repeat the same cycle.
Sounds like a great way to get free cash, doesnÂ't it? Well while you may be able to surf through a few cards, sooner or later you are bound to come to a road block. With huge debt piled up with interest rate charges imposed after introductory 0% APR rate per...
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