MBNA 0% For 15 Months
So I started thinking, I do need to buy a car so why not apply and get a 0% rate for 15 months on the car? Then I started to think, hey why not borrow to the max on the card take the cash and invest in an ING Savings account at 3.5% or even a 1 year GIC at 4%? I'm pretty sure I can qualify for over $25,000. The math says I can pick up a grand on this exercise.
Seems too simple. Am I missing something? (yes I know I'd have to pay tax on the income).