I read this article... http://www.affiliatetier.com/credit_repair/credit_card_stoozing.html
My question is simple... WOULD IT WORK??
2006-09-09 21:26:10 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
print the article here, or summarize, if you want an answer. Why do we have to go hunting for details?
2006-09-09 22:01:05 · answer #1 · answered by Piggiepants 7 · 0⤊ 1⤋
In theory it would work but banks are paying very low interest rates on deposits right now so every $10,000. you stooz will get you between $75. and $150. over a 6 month period.
Remember, most interest free offers from Visa, Mastercard etc. limit the offer to purchases and the transfer of balances from other card accounts. SO any cash advance would subject to standard interest charges.
Be careful when picking your card issuers.
2006-09-09 22:29:15 · answer #2 · answered by Jack 6 · 1⤊ 0⤋
In theory, it could work. However, constantly changing credit card accounts will hurt your credit score. It sounds like you could make more money with less work if you got a part time job.
2006-09-10 06:24:48 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋