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Well the credit card arbitrage game has finally made it to the Wall Street Journal which means it’s pretty much over.  The article also confirms something I’ve always suspected too; the credit card companies have mostly removed the caps on the balance transfer fee (normally $75).  For those people that don’t read the fine print, it means that banks have found a way to sucker people into getting into the balance transfer game yet getting caught (with their proverbial pants down) with the balance transfer fee.

Currently, I have 100k in credit which means if I did a 50k balance transfer with a 3% uncapped fee, I’d pay $1500!

I currently have about 25k in arbitrage and after I unwind this in late July, I’ll be moving on to other arbitrage games I’ve discovered.  I’ll prototype them and if they work, I’ll keep it to myself for a while until it becomes mainstream enough to share with everyone.

In the meantime, happy hunting.