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furpants · 11-13-2007, 05:43 PM

Good article, but I do disagree with the quote: "Credit card debt is bad debt."

I would say, "Credit card debt is usually bad debt."

In my case, it's extremely good debt! Yes, I'm one of those who play the 0% arbitrage game. With over a quarter million borrowed at 0% (and plopped in savings earning 5.4%), it's like a second job that pays very, very well.

11-13-2007, 05:43 PM	#4
furpants Dryer sheet wannabe Join Date: Nov 2006 Posts: 17	Good article, but I do disagree with the quote: "Credit card debt is bad debt." I would say, "Credit card debt is usually bad debt." In my case, it's extremely good debt! Yes, I'm one of those who play the 0% arbitrage game. With over a quarter million borrowed at 0% (and plopped in savings earning 5.4%), it's like a second job that pays very, very well.