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I’m unwinding 25k of credit card arbitrage this week and I’m wondering if the credit card arbitrage farm is closed permanently. There is lots of talk about fee free balance transfers going away and my own analysis of the situation seems to confirm that it’s a possibility.

I did get balance transfer checks from BOA that capped the BT fee at $90 but others don’t seem to limit the fee. There is a discussion about Citibank doing that here.

If I recall correctly, Bank of America, Chase, and Citibank are all key members of the Federal Reserve System so BOA may be next on the BT fee cap if this is the Feds way of tightening credit. Conspiracy theorists can come up with ideas as to why this is happening….. ;)