Credit Card Arbitrage

Michael James on Money  May 22  Comment 
Madison over at My Dollar Plan runs an interesting credit card arbitrage scheme (described here). She basically flips a large number of credit cards from one 0% interest introductory period to another. As of December last year, she owed $223,000...


Credit Card Arbitrage refers to the process of taking a free or low interest loan from a credit card company, depositing it in a savings account that offers a high rate of interest, making the minimum payments on the card to avoid defaulting and then keeping the profit from these transactions.

same day loans

pay day loans

Individuals that engage in credit card arbitrage profit from the interest rate spread between the money received and money paid, similar to how normal arbitrage transactions work.

same day loans

Quick cash loans are best option to supply of cash on a short term basis.It is one of the easiest ways to help you out with some emergency cash problems.

Online Quick Loans

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki