Juggling Cards
From the November 1995 Issue of CardTrak
The most intelligent way to use your credit cards is to never pay interest, which is easier said than done for most of us. If your cash flow will not permit clearing the balance each month then you should always seek cards with the lowest interest rates including those issuers offering teaser rates that last for at least 12 months. Better yet learn to juggle your cards by signing up for a no-annual-fee card with a rebate and a long-term-low-interest rate card with an unlimited balance transfer option. This way you can do all your charging activity on the rebate card and then spread your payments out on the low interest card. To accomplish this you’ll need to transfer the balance from the rebate card to low-rate each month. Just make sure there’s no hidden fees or restrictions.
If you pay-off the balance on all your cards each month you can also
juggle your cards to maximize the length of the interest-free-period or
the grace period. To accomplish this you’ll need to know the closing date
for each card.
Now a New Jersey firm has come up with the novel idea of attaching labels to your credit cards to flag the closing date, interest rate and annual fee of each card. The new card label service called “CARD$EN$E” is also color coded to organize cards by interest rates.
L&W Associates is offering a package of twelve Card$en$e labels for
$2.00. To order send a $2 check or money order to: CARD$EN$E, P.O. Box 8,
Hammonton, New Jersey 08037.
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