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Non-Tech : Kirk's Market Thoughts
COHR 191.69+0.2%3:59 PM EST
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To: Ken Adams who wrote (2418)12/15/2014 1:01:42 PM
From: Jerome  Read Replies (2) of 26860
 
Hi Ken,.....You got a good plan. But there are reasons to have several credit cards even if they have a zero balance.

A few months back I bought a very nice Chevy Pick up (4x4) for 10K and used my credit card to buy it. Zero interest for 18 months . I should have it paid for in about 12 months. It took a little while to figure out how to evade 2% fee usually attached to those kind of kind of deals. But it can be done with a little bit of planning.

I have three other credit cards with a high credit line and zero balance that I will just put in the inactive status until I need them.

All that talk about a cash less economy is just something the talking heads on the financial web sites yammer about.

Note : That Chevy pick up (4x4) was well worth the money considering the deep snows we already had here in the UP.
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