This post is inspired by a friends’ recent request for advice. A lot of the time, people see great offers for 0% APR. We think,
Wowee, that’s great! Now I can buy my [insert wonky overpriced consumer item here]! It’ll be so cheap, since there’s no interest on the first year!
But wait, there’s more!
More interest, that is. See, most of these offers are deferred interest, not waived interest.
Thought I’d update you on my most recent card!
The Barclaycard Arrival+ application process was the same as any other online credit card application. I was approved instantly upon completion of the application for a $5,000 credit line. Not bad I thought, but definitely not as high as a few other cards I’ve had.
I try to answer all my son’s questions honestly, no matter his age or the subject matter. Of course, he has rarely fully comprehended the full explanations of the questions he asks, he can get pretty into it though. I promise he won’t ask me how wind turbines work again when he’s stuck on a roadtrip with me for a few hours…
It all started with one card. Just one.
And I wasn’t even the primary holder, just an authorized user on a travel credit card. You see, my girlfriend and I were planning a trip to Peru for the summer of 2015, so we got a Chase Sapphire Preferred card to rack up a few points on the purchases we’d be making. $1200 in airfare is no joke. If you’re paying for that without any way to get points, I feel bad for you.
I also hope to change your mind.
I’ve had a Discover it card since August 2013. It was my second card, after a $500 limit credit card from my local bank, but that was a long time ago, in a galaxy far, far away from my travel hacking life.
Anyway, when I first opened my it card, I was approved for a credit line of $2850. I thought “Great! Now I can put all my spending on here, and earn cash back for it!” Well, this is exactly what happened, and my master plan worked great for a while.