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Re: Another way to profit from credit cards
Old 04-26-2006, 09:28 PM   #7
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Join Date: Apr 2003
Location: Hooverville
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Quote:
Originally Posted by justin
It will work if you follow your plan to a 'T'.* I've done the zero percent CC balance transfer rate arbitrage for almost a year now.* I'm up to ~ $90,000 float now.* That's about $330/month "free" money.* Plus I get the "$100 gift card for signing up for a CC" occassionally.* Most of mine are with Citicards.* They have started to figure out that I have a lot of outstanding credit card debt now though.* I get turned down sometimes for their top notch cards due to my high balances.*
Does this amount of CC borrowing come around and bite you by raising your auto insurance rates?

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