Comments on: (Not Exactly) The Price of Credit Card Arbitrage: Marching toward 800

By: Sun

Sun — Tue, 28 Aug 2007 01:22:22 +0000

redtoblack: Yes, it’s a game, but it doesn’t necessarily mean I will fail. All the money I borrowed were deposited in a bank account that I don’t want to spend on anything but earning me interests. If I have to pay it back, I can pay off all the balances without any problem. The only “risk” in credit card arbitrage is late payment. So far I have managed that pretty well, no single late payment ever since I started playing the game. If I can pay my credit card balances in full every month, I don’t any extra risk from credit card arbitrage. Of course, if one can’t resist the temptation of spending the “free money,” that’s not the game he/she wants to play.

By: redtoblack

redtoblack — Sun, 26 Aug 2007 17:49:56 +0000

Credit card arbitrage is a game. You are gambling that life won’t hit you upside the head causing you to be unable to make the payments. If you want extra money just invest your money in an Income Fund that pays a monthly or quarterly dividend. Then,if life smacks you upside the mullet,you will not be worrying about making a large credit card payment. Credit card arbitrage does not take risk into account. Keep a lot of cash on hand if you are going to play this game.

By: FIRE Finance

FIRE Finance — Wed, 22 Aug 2007 02:50:42 +0000

This is a great post, we have cited it as one of our favorites in our Sunday Review #33. Could not get your trackback to work, was repeatedly giving errors for the given URL.
Cheers,
FIRE Finance

By: Chris Howard

Chris Howard — Tue, 14 Aug 2007 21:08:56 +0000

thanks for the great information

By: David

David — Sat, 11 Aug 2007 19:46:07 +0000

That is quite amazing, $100,000 in CC arbitrage. I am jealous! Must take a lot of management, no? Congrats either way, that extra $400 a month must be quite nice!