Those 0% balance transfer offers you’re getting in the mail are free money offers. Yes, I said free money! These banks are offering to give you money for 12 months for 0%. Did I say free!

If you’re carrying a balance on other credit cards, then you need to transfer those balances to one of these cards. Check out this article to find out how.

If you have no balance to transfer, read on, we’re going to make some money with the hack:

1. Get the card
2. Ask them for balance transfer checks
3. Sign up for a high-interest money market account like INGdirect or HSBCdirect.
4. Deposit the balance transfer check in one of these accounts
5. Make a minimum of 4.5% interest on the money, while paying no interest for 12 months!
6. In 11 months, find another card and repeat.

You’ve just hacked the bank and made some cash on the side!

For more information on high-interest accounts see our article: What Has Your Savings Account Done For You Lately?