Seemed to all happen at once , I had to do several huge repairs,

had to put stuff on CC's ,..so I have a pretty big bill,..I suppose I could go to my bank and pull money out of a building but I also see these offers about paying something like super low interest on their CC for 6 months or more,I see as much as 0 interest. I do have a good credit rating. But I'm wondering what is the catch,..the downside of shifting this debt to one of those low rate cards for a while.

You need to reevaluate your business model. You should have enough put back from historic income to handle even large repairs. You are playing the shell game, not a good plan.

Steve---those retroactive grab-backs don't seem to be around anymore. They may have been banned by regulation.

You can play that shell game alright, but I agree with the others - it isn't the cheapest game in town.

In addition to what others have said, another downside is your credit score. You say you have a good one, so you may care about that.

Having an account for a long time helps your score.

Having new accounts hurts it.

Higher balances in those accounts also hurts it.

However: I have done that sort of thing too, when necessary many years ago.

If you are intentional and dedicated to on time payments, it can work to your advantage.

It's just another tool to use as long as you have your eyes open and calculate the risk and cost as acceptable.

I agree with other is the worst part of this is the "outta sight, outta mind" state of mind when you load up 0% cards. The emergency is over, so there's no incentive to pay for what you've spent. And unless you're more disciplined than 95% of the population, the odds are is that balance will start accruing interest before it's paid off.

I looked into this once. After you take the loan, any payments you make on the card are credited against the loan balance and not against the normal credit card balance. So the normal outstanding credit card balance is charged the high interest rate on the credit card.

I would do this loan only on a credit card with a zero balance, and I would then not use that credit card while the loan was outstanding.

I had some big expenses coming up, so I thought I'd respond to an unsolicited card offer to one of my biz accounts. They had made the offer--- but then they wanted the entity to provide certain documentation. I could provide the information they wanted, but not the specific documents they wanted to convey that information. I tried chatting with a human after the autoapproval didn't go through--- "oh, I'm sure it will be approved in about 30 min." Of course, it wasn't-- but I had called too quickly after the information getting rejected for them to tell internally that my info had been rejected.

Fwiw, the pieces of information they wanted that proved to be an obstacle were--

Proof of physical address for each beneficial owner

Proof of legal name and physical address for business

Proof of physical address for authorizing officer

Proof of federal tax id for business

As a single-member LLC, I file my taxes under my personal SSN, but I have a federal EIN for banking purposes. Some of my EINs in the past have been generated on a cellphone while sitting in a bank-- so there's no physical paper that tells me "this is your EIN from the IRS," and they pretty much tell you, "Write this down now, because you're never getting this from us again." But having the bank screenshot your sensitive information-- including the EIN-- isn't sufficient.

Likewise, if you're a single-member LLC, you need a physical address for service. But screenshotting your biz entry in your state's Taxable Entity Lookup isn't sufficient. They want, like, a bill in your biz's name. Except you might have five or ten LLCs all claiming that physical address as where people need to go for legal service--- but it's not the mailing address for usual correspondence, and the entities definitely aren't in the business of paying your personal electric bill.

I understand the CC company has to protect themselves but is there a lot of loops they make you make you jump through, There is 2 that come up on my Mozilla brozer that do "0" interest for a year and a half.

i done that. be sure you pay on time though. the terms they bury in the transfers and check access can be revoked if you breach the many many gritty details of them, late payment being one. wisely used, if you have no other option, they can be a great tool for building your empire. it is a VERY good idea to have this card or cards be exclusive to the project at hand. that makes the bookkeeping cleaner.