The other day I mentioned the possibility of maxing out your credit card rewards by buying cash from the US Mint. Here’s another use for that strategy: creating your own 0% balance transfer. While it’s getting harder and harder to find 0% balance transfers without a transfer fee, there are still a number of great offers out there for credit cards with 0% on purchases for up to 12 months.
Here’s the Deal
Simply apply for a 0% credit card and then use it to buy up as much cash as you can from the Mint. When your cash arrives, use it to pay off other debts. Voíla! A homemade 0% balance transfer with no fees. And you might even earn some credit card rewards while you’re at it!