Money Tips: Strategies for Credit Card Offers with 0% APR Balance Transfer

Posted On: October 18, 2006

Guest: ajulius
Post subject: Strategies for Credit Card Offers with 0% APR Balance Transfer
Posted: Wed Oct 18, 2006 10:30 pm

Hi all. I wanted to discuss a topic here. What would be the best way to get 0% BT’s to paid CCs to maximize total cashflow?

If one can get 100k or up for instance, it wouldnt be too hard to turn that cash into millions of dollars, problem is just getting the initial investment capital.

In fact, this is exactly what Joe Liemandt did, founder of Trilogy as per his own words: http://www.stanford.edu/group/edcorner/uploads/podcast/liemandt051019.mp3

Guest: fire3000
Credit Expert (100+ Posts)
Posted: Thu Oct 19, 2006 7:57 am

I already have over 100K of credit card capital invested safely in FDIC insured CDs. My goal is not to make millions, but just to earn one per cent more in interest than I pay on the cards including fees. I also have plenty of liquid assets and available credit on my HELOC to payoff the cards quickly in case of a possible ratejack or when low rate promotions end. Investing CC capital in high risk investments such as volatile stocks is too nerveracking for me.