Exceptional Internet

The title is intruiging isn’t it, but here at Exceptional Internet we’ve just spotted a technique that could, if you manage it correctly, enable you to borrow thousands of pounds and pay no interest! And of course you can manage most of the process using the power of the internet.

So how does it work? Well there are 2 post millenium credit card fads, the 0% introductory rate and the “hybrid” card, that we play off against each other to unlock some funds.

So how does it work? Well first you need to understand what a “hybrid” credit card is. This is a credit card that you can also use a bit like a current account, so that you can pre-pay money onto it and have a positive balance. This balance can then be transferred into your current account.

So where do you get this balance from in the first place? The 0% introductory rate credit card of course.

Here is the scenario to obtain an interest free loan:
1. Apply for a hybrid card, for example the Egg Money card.
2. Find a good 0% balance transfer card and apply for it.
3. Transfer the maximum balance of the 0% card from the Egg Money card onto the 0% card.
4. Your Egg Money card will now have a positive balance which you can transfer into your bank accout for no charge.
5. Make sure you pay off the 0% card before introductory rate finishes, or “rate tart” to a new card if you don’t manage it.

And there you have it, an easy way to borrow money at an amazing rate of 0%.

Filed under: Personal Finance