Thoughts on low interest credit card

[Shawn West]

So I was just wondering others thoughts on utilizing a credit card I am able to get with good credit that has an 8-9% interest rate? Thinking of utilizing it for short term fix and flips so I won't be hanging on to the balance long and it seems pretty low. Example being buy the property and utilize the low interest card for reno. Those rates seem just as low or lower than most private loans I've seen. Any thoughts?

Thanks

[Juan Diaz]

Private money is secured against the property. Credit cards are secured against you, including every single one of the properties you own. Also carrying over a high balance for a few months might negatively impact your credit score, depending on how high the balance is to the amount you can borrow.

If you can get 8-9% from a credit card company, you should be able to get similar terms from a PML.