• jordanlund@lemmy.world
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    1 year ago

    One of my credit cards offered me a 0% deal for a year. I used it to have work done on my house. Why WOULDN’T I carry that balance for a year and pay it off?

    • scoobford@lemmy.one
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      1 year ago

      Because it’s pending exposure.

      Now if you found a way to turn around and earn interest or earn extra with that money…now you’re cooking with gas. Just make sure the earnings are worth the relative risk, and that you hedge against that risk.