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28,655 Posts.
3530
15/03/08
16:20
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ewl, when you can organise money for under 6% it makes sense.
These credit cards offer cheap transfer rates.
If you're old school, you may simply be thinking like many, that credit cards cost around 20% for cash rates, and that's for some of them for sure.
The trick is, to read the fine prints, understand the terms of how they are used, and use the system strategically for your favour.
My comsec margin loan costs around 9.5% last time i checked, so any money under 10% is fair game.
Having access to those funds, is then a matter for how you invest better than those rates.
Anyone who put money on MAK or IPL, RWD will think 9-10% is a joke, when those stocks have returned 100s of percent.
AG stocks are booming, if you haven't heard.
It depends upon you appetite for risk of course.
Your point is well taken if not managed correctly.
cheers
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