Originally Posted by
TejanoTrackie
Well, it's a bad idea if you have zero savings to cover the end of year balloon payment, and no doubt the credit card companies intend to catch a lot of fish that way. After all, that's how they really make their money. I have more than enough funds in my savings account to cover any bill I might incur.
So basically as long as you have the money to pay it off at the end of that year, it doesn't really matter?