Looking for something that costs $1 a month and auto recharges

[EyeMWing]

I'll bet RossMAN has a merchant account and would be happy to sell you the service of charging you $1 every month for the monthly fee of $1/month. I know I would.

 

[JustAnAverageGuy]

Originally posted by: RossMAN
I'll wait and see if anyone can figure it out, I'll reply later

Please AT financial guru's do not let me down!

If it's balance transfer he'll be fine.

If it's purchases, he's screwed because he'll still be paying interest on the transferred debt. Correct?

 

[HomerJS]

Gas station. Get $1 of gas with the discover. Then whip out the regular card for the rest of the gas.

 

[2cpuminimum]

set your gas or electric bill to get put on the card automatically. Or gas station.

 

[necine]

Originally posted by: HomerJS
Gas station. Get $1 of gas with the discover. Then whip out the regular card for the rest of the gas.

Good idea.

 

[mchammer187]

Originally posted by: RossMAN

I have a special 0% rate on my discover card,

Is that 0% APR for purchases or balance transfer?

If it's the latter, you're in trouble.

i dont understand

0% on the balance transfer means he pays nothing on the transfer as long as he carries a balance

he does have to pay interest on the $1

which amounts to nothing at $12

if it was 0% on purchases he would be in big trouble because he would have to pay interest on his large balance transfer


maybe you got it the other way around

obviously he can't spend much money because he will have to pay off his balance transfer before he can start paying off his purchases in short it is basically a zero interest loan

if it was the former he'd be in big trouble

 

[chowderhead]

use your discover card and buy 2 songs on itunes. I think you may also be able to buy gift certificates to itunes so perhaps you can set up a monthly purchase of GCs. Just do it early in the CC cycle as itunes take a while to post. here is the FW thread on this subject

 

[RossMAN]

Originally posted by: JustAnAverageGuy

Originally posted by: RossMAN
I'll wait and see if anyone can figure it out, I'll reply later

Please AT financial guru's do not let me down!

If it's balance transfer he'll be fine.

If it's purchases, he's screwed because he'll still be paying interest on the transferred debt. Correct?

Correct and I have to partially amend my previous post. Payments are always first allocated to the HIGHER INTEREST RATE instead of the lower. This shouldn't be a big deal since the purchases will be $1/mo but let's say he buys a $300 TV and does a balance transfer for $5,000.00 at 0% for 12 months.

If you make a payment of less than $300 you're screwed. After your due date, the remaining unpaid principal balance on the "purchase" ($300 TV) will begin accruing interest at a higher rate and the decline begins.

I have two credit cards I use solely for balance transfer, that's it, nothing else. Since payments are first allocated to purchases, this can screw you over.

You should be fine assuming these are $1 purchases and you pay enough.

 

[TJ22]

These are all good ideas and I appreciate this, although I am looking for a charge that will automatically rebill so I dont forget which could cost me alot. Thanks.

 

[TJ22]

bump

 

[necine]

I sat in my chair and thought about this for 15 minutes, and then I remembered.

http://newzbin.com/

 

[EvanGn]

Originally posted by: necine
I sat in my chair and thought about this for 15 minutes, and then I remembered.

http://newzbin.com/

:thumbsup: