Question
Does anyone know of any card program out there that offers 0% apr while earning miles? We are always getting card offers with 0% apr for a year or more. And while those are nice and so are the cards earning miles I've never heard of one combining both. Too much of a good thing I guess. I could always use my AAdvantage card to pay the 0% card balance monthly I suppose. Just curious.
Answer
Are you talking about 0% for new purchases or 0% for balance transfers?
If it's 0% for transfers, watch out: new purchases will be accruing at something like 18% until the 0% balance is paid off.
The 2 cards I have with a balance (0% for 12 months, 2% for life of balance) are safely tucked away in a drawer.
Answer
US has both a card from BofA (25,000 miles signup bonus, miles for balance transfers @ 0% for 6 months) and one from Juniper Bank (15,000 miles signup bonus, 0% on balance xfers and miles, six months).
I have both cards, got the bonuses, wrote checks to my checking account and got the miles, paying them off out of said checking account, and will pay off any balance (I bought a car in the meantime) before the last month with a 2-3% for life check from one of my other cards.
A bit of a bookkeeping hassle, but what the heck.
Oh yeah -- the balance transfer fee (for both cards) is 3% but capped at $100. You do the math for your own situation.
I got both mine for free by playing one bank off against another, but my SIL couldn't pull that off. YMMV
Answer
I guess I was talking about both. We keep getting 0% offers for balance transfers and purchases from a variety of cards. So we keep recycling the balance just before the time runs out. Not that we have much in the way of outstanding balances. We just use this for emergencys and it's nice to have no interest.
BigLar do you have a link or code for those cards?
We would most likely churn the cards but I still don't want a card with interest when I have so many offers with none for over a year.
And I love the idea of buying a car with the low cap interest card. My hubby needs a new car! :)