Archive for September 27th, 2006

Wednesday, September 27th, 2006

Credit Card Arbitrage – A Win-Win for Banks

As some of you know, I took out a 24k loan from my credit card at 0%.  The zero rate was only for 6 months so I took the money and placed it in a high yield CD earning 8%.  The gross profit on this transaction will be about about $1200. The 0% rate runs […]

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