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What A Year of 0% APR Arbitrage Has Brought Me@PFBlog.com: The UDate: Fri, 16. May 2008 23:31:36
Long-term readers of PFBlog knows I have been taking advantage of credit card companies for years. Especially, I'm very good at 0% APR arbitrage, whereby I sign up for new credit cards with attached introductory 0% APR balance transfer offer, move the entire balance immediately to my bank account, and enjoy the high saving account rates of 5% or more while remitting only the monthly minimal payment back to the credit card company.
Of course, this strategy will drag down your credit score. Last summer, especially, I applied five cards in two months' time, and my credit score tanked from 720s to 640s, and I was essentially denied new credit application after being seen a credit risk by most banks. But credit score is only of cosmetic value if you don't need credit any time soon. To me, after all, I have no better use of my credit score now that I'm sitting on a portfolio of over $800k and has no plan to buy a property any time soon.
The below chart is a great summary of what happened in the last dozen months:
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Hot Deal: 5% cashback on everything from Citi CashReturns Mastercard
Read more news like this from PFBlog.com, The Unique Personal Finance Blog Since 2003.
Ask Financially Offers new Credit Cards Guide and Calculator to Beleagured Credit Card Holders BDate: Sat, 13. March 2010 15:29:27
Credit card holders can only look on as credit card giants Capital One and ABN Amro India (currently being purchased by HSBC from The Royal Bank of Scotland) recently announced interest rate increases, of up to 7% for some existing customers. Capital One's increases will come into effect after customers receive their March statements, continuing a trend in APR increases from most major credit card issuers both in the UK and globally. A tightening consumer credit market is not only making it harder for consumers to repay their credit card debt - just being approved for a credit card is now becoming a privilege for reducing numbers of consumers able to meet increasingly restrictive credit criteria. (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/creditcards/03/prweb3697274.htm
ConsumerMan: Have a credit card? Read thisDate: Tue, 23. February 2010 23:30:28
Even with the new credit card law, which took effect on Monday, there are still many ways you could end up paying more than you should for your charge cards.
Credit card - Charge card - AmericanExpress - Business - Personal Finance
CardWisdom.com Takes a Personal Approach to Helping Consumers Understand Credit Card OffersDate: Tue, 6. April 2010 15:22:26
Cardwisdom.com, a new credit card research site, helps consumers evaluate credit card fine print, maximize credit card rewards earnings and minimize credit card interest expenses. (PRWeb Mar 31, 2010)
Read the full story at http://www.prweb.com/releases/creditcards/cardwisdom/prweb3800384.htm
poker card(advertising playing card,plastic card,casino card,poker card,game card,gambling card,Date: Tue, 29. July 2008 15:19:01
2008 leading products :poker card,advertising playing card,plastic card etc.
Consumers borrow mostly on credit cardsDate: Tue, 8. July 2008 19:58:39
Consumers boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases.
A New Horizon Credit Counseling Services See Annual Credit Card Fees Returning With the New CredDate: Thu, 11. March 2010 15:29:22
A New Horizon Credit Counseling weighs in on the new Credit Card Act and what this will mean to consumers. Consumers may now see a return to annual credit card fees. . (PRWeb Mar 8, 2010)
Read the full story at http://www.prweb.com/releases/credit-card-act/debt-consolidation/prweb3689184.htm
Arbitration Firms Back Away from Business While a Credit Card Debt Resource Center Steps InDate: Tue, 25. August 2009 04:29:48
Two major arbitration firms are backing away from their primary business until credit card companies establish new guidelines to resolving disputes with unhappy customers. The credit card debt resource center, CreditCardDebt.org, offers access for credit card users to get help for their consumer debt and eliminate credit card debts. (PRWEB Aug 20, 2009)
Read the full story at http://www.emediawire.com/releases/2009/08/prweb2772724.htm
How to Eliminate Credit Card DebtDate: Wed, 10. February 2010 15:27:56
pCredit card debt is one of the biggest problems most people face when trying to get a handle on their finances. Credit cards make it easy to spend more money than you have, and then the crippling interest rates and fees make it seem impossible to get out from under. While there isn't an instant cure for credit card debt, there are steps you can take to put yourself on a path to becoming debt free./p
pIt takes a little planning, a little budgeting, and some time, but if you keep at it you'll find that you're getting out of debt faster than you had imagined. a href=http://clk.about.com/?zi=1/1hc#038;zu=http://financialplan.about.com/od/creditdebtmanagement/qt/how-to-get-out-of-debt.htmHere's the process to help you eliminate your credit card debt/a./pp style="background:#f5f3ef;border: 1px solid #d5d0bf;padding:.5em;"a href="http://clk.about.com/?zi=1/1hczu=http://financialplan.about.com/b/2010/01/14/how-to-eliminate-credit-card-debt-3.htm"How to Eliminate Credit Card Debt/a originally appeared on a href="http://clk.about.com/?zi=1/1hczu=http://financialplan.about.com/"About.com Financial Planning/a on Thursday, January 14th, 2010 at 21:35:54./ppa href="http://clk.about.com/?zi=1/1hczu=http://financialplan.about.com/b/2010/01/14/how-to-eliminate-credit-card-debt-3.htm"Permalink/a | a href="http://clk.about.com/?zi=1/1hczu=http://financialplan.about.com/b/2010/01/14/how-to-eliminate-credit-card-debt-3.htm#gB3"Comment/a | a href="http://financialplan.about.com/gi/pages/shareurl.htm?PG=http://financialplan.about.com/b/2010/01/14/how-to-eliminate-credit-card-debt-3.htmzItl=How to Eliminate Credit Card Debt"Email this/a/p
CardHub.com Launches New Tools & Help for Credit Card HoldersDate: Thu, 23. April 2009 04:17:31
Credit Estimator, Ask an Expert, Personalized Credit Card Advice, and other Features help Consumers withstand a Difficult Economy (PRWEB Apr 20, 2009)
Read the full story at http://www.emediawire.com/releases/cardhub/credit-card-help/prweb2339444.htm
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