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Home Loan And Credit Card Interest Free!

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PLANT

AFF Supporter
Joined
Jan 23, 2005
Messages
2,943
O.k
It's Been In The Papers 4 Weeks Ago And Again Today In The "home" Magazine Section Of Heraldsun.
Error Found Should Be $1750 Saving For 6 Months!

Redraw $50000 On Credit Card,transfer Debt Onto New Credit Card With Interest Free Period And Save Interest On Home Loan!

The Issues I Have And Would Like Answered:

1. Doesn't The Credit Card Charge "Cash Advance" Interest Straight Away, Around 18%, Before You Get A Chance To Transfer Your Debt?

2. Who's Done It And With Which Cards?

Regards!
 

PLANT

AFF Supporter
Joined
Jan 23, 2005
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O.K

Found out the answers to my own questions:

1. No it is $2.50 if in still in credit after cash advance and 2% if in debt.

2. Wizard and Virgin are the only two I know at the moment!

Its a go for me!
 

clifford

AFF Supporter
Joined
Jul 6, 2004
Messages
1,776
Please forgive me if I'm being overly obtuse, but...

isn't this "frequentflyer.com.au", ie supposed to be remotely about frequent flying (or any other kind of flying, for that matter)?

Sorry.
 

PLANT

AFF Supporter
Joined
Jan 23, 2005
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Fair call!

Took the General Credit Card Discussion too literally hey?

But you could look at it like this too:
Save money on interest from from credit card and spend it on ticket to fly?

As really that is the POINT(s) of it all!

Regards
 

Kiwi Flyer

Senior Member
Joined
Sep 24, 2004
Messages
5,453
Bad anology. Using the same logic we could all post about cheapest places to buy petrol.
 

NM

Moderator
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Aug 27, 2004
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Kiwi Flyer said:
Bad anology. Using the same logic we could all post about cheapest places to buy petrol.
Or the cheapest place to buy beer :p (now we are on topic).

Credit cards and other financial services are often an integral part of frequent flyer's strategies for maximising the benefits available through their loyalty programs and eventually result in travel benefits. At some stage we need to determine the value of the travel-related benefits of these financial services against the non travel-related benefits. As FF's we will often place a higher weighting on the travel-related benefits, but "normal" people may apply different weightings :shock: .
 

PLANT

AFF Supporter
Joined
Jan 23, 2005
Messages
2,943
Done!
$15000 On Wizard Card

Cost $156.80 For Cash Advance And Transfer!
Saved Minimum $440 In Interest!

Thats Honolulu On Jetstar Oneway!
 

simongr

Enthusiast
Joined
Jul 10, 2006
Messages
14,229
Umm - bit of a stretch to link the saving to the price of a flight.

Frankly this thread is incomprehensible from the first post. It references an article without a link, comments on some issue that no-one knows about and mentions what the error should be...

Bad form
 

dgruber

Intern
Joined
Oct 8, 2005
Messages
54
Yeh what is this all about?

Care to provide a link at minimum as to what the offer entails?
 

PLANT

AFF Supporter
Joined
Jan 23, 2005
Messages
2,943
O.K all.
Cannot provide link as there is non when I looked at homesite.com.au.
Hence, why I started thread with "TODAY'S" Home magazine, HeraldSun.
You will need to look it up to see the article! How? Goto the library.

This offer only worthwhile to those that can access two credit cards with high limits and redraw on homeloan.

If you send wife or take the time to investigate this option you will save money for a trip like I have!

Have a Merry Xmas and a rewarding New Year!
 

PLANT

AFF Supporter
Joined
Jan 23, 2005
Messages
2,943
Just an update!

Have now done it with HSBC!
That's interest free till Oct 2007
Another $15000!
Total now: $30000 interest free.
Saving: $1000+

New tip: Take out a business online account so you can pay it off after interest free time up.Cost 0.25cents instead of $10 cheque!
 

vilemerchant

Intern
Joined
May 8, 2007
Messages
83
Sorry to bump such an old thread, but i would just like to point out that Bendigo Bank cards have FREE cash advances and are perfect for this kind of thing.
 
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