Paying off a credit card with another at 0% interest?
Has anyone paid off one credit card using another that offers 0% interest for 6 months on balance transfers? I'd like to do this but not sure if it's the right thing to do. If I understand the terms right ; before the 6 month deadline is up I need to find another card company that'll let me do the same thing and then transfer it again, right?
I have a balance of $5200 on one card and I send them $130 a month at 7 1/4% interest so $65 of that $130 is going to interest. If I could save this $65 interest I would have it paid off. Is there anything to watch for when I'm doing this and the ? Is should I do it and has anyone out there done it successfully? Thanks for your time and have a nice weekend.