My bank has sent me these 0% APR checks for years and I recently find myself in a situation where it would be useful. I have a lot of wedding expenses which will not be a problem in the long term (6 to 12 months) but are difficult now.
The terms say something like 0% interest for 12 months (minimum payments required) and a flat 4% charged one time on the total.
What are some typical catches I should look out for in this kind of offer? Is there a better way to get the short term money I need?
The check has no limitations as far as where the money goes (will cash it into my checking) and the balance will be put on my credit card (which I don't use on a monthly basis)