So here you can see that you’ve taken $5k out on a 0% transfer for 3 years, you’ve paid $145 to transfer it and you’ve paid the minimum monthly repayments over the 3 years totalling $2,608.
This can of course apply this to any asset that you believe can return MORE from the investment in it than the cost of your loan or credit card interest rates or transfer fees.
When the 3 years is up, you liquidate your savings (total of $5,788), pay off the final balance on the card of $2,537 and bank the remaining $3,251 which; given that you paid into the creditcard over the year, provides you with a ….
…..total profit of $643 ($3,251-$2,608).
All from money that was never yours!