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Innovative Strategies

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Ed O.
Pro Member
  • Investor
  • Statewide, MO
295
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632
Posts

Leveraging Credit Cards

Ed O.
Pro Member
  • Investor
  • Statewide, MO
Posted Aug 1 2012, 14:08

I have some decent offers on my credit llines in the pipeline and was wondering if anyone else is seeing / receiving good deals / offers.

one is 0% for 12 months (PNC), 1% transaction fee capped at $100 the other is 0% for 18 months with 3% unlimited transaction fee (Discover).

Shifting the balances away from private loans would yield a really good savings.

I'm thinking of putting a few apps in before tapping these lines. I have multiple contingency plans for transferring the debt before the clock runs out. I'm aware of the risks and have helped friends pull of various arbitrage schemes in the days where the rates were 0 and transaction fees were unheard of.

Thanks for any ideas and insights.

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