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Comment by __derek__ | Hacker News Reader

If you're in the US and have good credit, you can do better by opening a credit card with a 0% APR period for 12+ months in addition to a sign-up bonus (e.g., Chase Freedom Unlimited, Amex Blue Business Plus), although that takes a little more effort.

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> Chase Freedom Unlimited

> After the intro period, a variable APR of 19.49%–28.24%

I suppose it isn't an issue if you pay your card off every month, but that's a high APR.

My score is always in 660-760 range over yearly view, and many of my cards are around 24 to 29 % apr. But as you said, I pay all of them every month, so zero interest paid since 2019. Only a credit unions rewards visa is 12%.

You don't need to pay it off every month during the intro APR period: pay the minimum for the first N statements, then pay the full balance, and you'll pay $0 in interest or fees.

Just don't forget, because if you're late paying off the balance they will usually charge interest retroactive to the opening date of the account (not sure that is the case in this specific example).

If one is worried about forgetting, this probably isn't a good hack, but it should be possible to (a) buy a T-bill or CD maturing near the balance due date and (b) use Bill Pay to schedule a payment for the balance due.

It's always good to understand what the policy is on an offer like this, but most credit card intro rates are not like this - it is typically store charge accounts that offer "12 months same as cash" that accrue interest and add it if not repaid during the time offered.

PayPal Credit (a specific credit line) does that. Discover, Wells Fargo, Chase, Capital one, all wanted to start interest from the date intro apr ended.

"Hey Siri, set a reminder in 12 months to get a new credit card."

Even if you pay everything each month the company makes 2-3% on you minus whatever cash back, which is 12-30+% a year on your monthly spend. You just don’t see it directly.

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