Anyone investing in ING Directs funds? I see they have a new Balanced fund and a few others. Just curious on others thoughts of investing with 0% cards in these funds. Perhaps a percentage of thir money is invested in a bit more aggressive styles such as this.

chavad said:Going the 0% credit card route sounds like a viable option, but the more cards you open, the worse your credit score gets I think. A few questions:

Does anyone have links to cards that are 0%?
How long are they 0% for? What happens when 0% expires, do you close your card and reopen another?
How does opening all these cards affect your credit score?

Thanks!

Search the finance forums for current 0% deals.
The promotion lengths vary from deal to deal. When it expires, you can keep the card open and wait for that company to send you a new promotion, or you can jump on a new promotion with another company, or both.
Too many recent credit inquiries generally lowers your score and having a low percentage of your total credit available also lowers your score. But the mere opening of a new account(s) can actually raise your score by giving you more available credit (and thus lowering your percentage of credit used). Until you do the BT, that is.

When you request BT checks, you can have them made out to yourself. From there you just deposit them into your bank account and have ING pull it via their regular ACH transfers. Alternatively, I think you might be able to just send the check to ING but I've never done this.

Great to know! Thanks OP!

rainman126 said:Still not sure how to do this---it sounds like you are describing how to pull money from a checking account, not how to fund via a credit card.

You can't fund your ING account directly via a credit card by charging your card as you do purchases. You're absolutely right, that would be a cash advance. But you can do it indirectly by requesting (from your credit card issuer) a balance transfer check be made out in your name, then depositing that check into your local checking account and then initiating a funds transfer from that account into your ING account (using ING's website). Or you may be able to mail that check straight to ING without first depositing it in your local checking account, but I've never tried that.

BT checks are designed to pay off other balances but many (all?) card issuers can make the check out to you instead of your creditor if you want and then you can do as you please with it. If you go ahead and deposit it into an account, any account--checking, savings, brokerage, ING, etc.--the end result is the same as a cash advance, but technically it's a balance transfer so it's subject to different terms, ideally a promotional 0% rate.

rogue409 said:thanks a bunch...just opened an account there, got a $50 signup bonus, within 2 business days. It'll be a good, very safe, place to park the interest free loans that the government is giving me.

Which link did you use to get the signup bonus? I'm looking to open another INGDirect account in my wife's name. Thanks.

pureallspice said:How long have you had the superior savings acct?Since the deal started, maybe 2-3 months ago.

pureallspice said:I just called them and they don't have direct deposit. I would have to send them a personal check. And, in order to get money out, I would have to call them and request a check. Have you had any experience with this?Don't believe the hype. I read their pamphlets. I didn't *ask* if I could do it, I just *did* it, and it works fine. Both in and out.

Try it yourself and see.

IwantFAR said:Use this link for signup bonus

Thanks, but I don't see any mention in that link about getting $50 bonus. Where can I see that? Thanks again.

jatan1986 said:Austerville said:IwantFAR said:Use this link for signup bonus

Thanks, but I don't see any mention in that link about getting $50 bonus. Where can I see that? Thanks again.It just shows up in your account

Yep, it didn't say anything about a referral bonus, but it showed up about 2 days later.