Isn’t the word arbitrage a fun word to say? Not only is it fun to say, its also fun to do. If you don’t know me by now I do a lot of arbitrage type stuff. Mostly CPC arbitrage. Anyways, one thing I have always been interested in was credit card arbitrage.
To put it simply, with credit card arbitrage you basically take one of those 0% balance transfer offers and then put it in a CD. The safer the investment the better. Then you earn interest off the credit card while you owe nothing to the evil credit card people. But there is a lot more to credit card arbitrage then just that. There are a ton of factors you need to be aware of such as: being able to pay your bills on time, finding the correct credit card offer, being able to make payments on time, plus lots more that you will have to find out on your own.
So today I accidentally clicked on one of my old bookmarks of a credit card arbitrage blog. It looks like this guy made $2,000 of easy money in a 6 month period. Fucken awesome huh?
Here is the pic he posted on his blog:
Source
Its a great blog post. Check it out. If anyone is interested in doing this then contact me and keep me up to date 
Follow me on my journey of success and failures, it should be a fun ride.... Again, here is the link for the RSS feed.
Random Posts
Comments are Dofollow! My thanks to you for contributing to the discussion
14 Comments
Sorry, the comment form is closed at this time.
thats pretty cool. you could use a cash back credit card and add another $500 to your profit
Don’t forget the miles!! Why spend that money in Brooklyn when you can get miles and spend it somewhere tropical.
@Remove Google Listing
WTF? Spam much?
Slick Idea, I think I may look into it.
I did this a few years ago. I managed to get around 100K from various credit card companies on a one year zero interest option.
I put it in one of those internet banks that were paying around 5% at the time.
Easy 5k for the year, but my time is better spent promoting affiliate offers at this point…
new lesson for today. I only knew cpc arbitrage before
Do what now? Well I am following your argybargy instructions and put my credit card in a cd, I’m sure you meant the cd player itself. So far no money and my CD player is making a funny noise.
I presume it works by the cd player spinning the card at great spped and shaking the money out.
Look forward to more tips:)
LOL
Sounds like a plan
good strategy but it doesn’t really work now.
There are fewer cards offering 0% without any fees. Few years ago, it was $75 or $90 max fee, now it’s almost always 3% fee with no limit.
Transfer $10,000 you’re hit with $300 fee, $20,000 you’re hit with $600 fee.
Don’t forget the tax on the interest income. Plus the hassle, plus the possibility of forgetting to pay back the credit cards on time after the term expires, etc. etc.
Mike
Mike,
Thanks for your comment.
What if you can get ahold of 100k. And find a card with no fees and the 0% transfer, i know there are out there. If you do everything right you’ll make $4,000 if you can get a 4% CD.
http://www.gmacbank.com/todays-rates/cd-rates.html
Not easy money?
In this economy those cards are hard to find, if they exist…Plenty of cards with 0% APR for 12 months if you’re making purchases, not so much for moving cash into a CD, then the APR shoots up to like 23%.
not for me
It’s called stoozing.
“Stoozing is a slang term used to describe the act of borrowing money at 0% (typically on credit cards) and earning interest on the money and paying it back before the 0% period ends.”