lifeisgood
Recycles dryer sheets
- Joined
- Sep 5, 2006
- Messages
- 64
So today I get credit card offer #1,000,001, and it contains a check that I can write for $30,000 and deposit anywhere. If I bite, they say they will charge me a flat $75 fee and an interest rate of 0.99% until March. I can deposit this in a money market and earn, say, 5%. If I pay back the full $30,000 by March, I figure I can earn $400 net interest, less $75, less income tax.
Would you say it's worth it?
If I am late on a payment, they will tear me a new orifice, but I should be able to program my bill-paying software to guarantee prompt re-payment. 8) Did I overlook something?
Would you say it's worth it?
If I am late on a payment, they will tear me a new orifice, but I should be able to program my bill-paying software to guarantee prompt re-payment. 8) Did I overlook something?