Credit Card Arbitrage

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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...




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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.

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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.

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