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#1 |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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I was thinking today... Can you use credit cards to pay off other credit cards and manipulate the balance transfer, cash back bonuses, and other various rewards to end up even at the end... if not come out ahead?
My debit card gives me cash back of $0.03 per transaction with a limit of $250 for the year. That's 8,334 transactions per year. I have a credit card that gives me $25 gift cards for every $2,500 I spend with it... I pay all my bills with the credit card, then immediately pay it off with my debit card in small enough increments to ensure I hit $8,334 transactions for the year... In theory I should save about $450 per year this way... So what's the deal? If I got enough credit cards do you think it's possible to actually MAKE money through the manipulation of the system? |
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#2 |
Ride Naked.
Join Date: Feb 2008
Location: Flat and Straight ND
Moto: 08 BUELL 1125R, 05 SV650S
Posts: 7,916
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maybe... but that's a lot of fucking work.
and if you miss one payment or something, it's all for naught |
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#3 |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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I was thinking that, but you could treat it like another job... I'd create intricate spreadsheets and shit to track it... ensuring I didn't fuck up... And if I did, what's one finance charge gonna hurt if I'm not really spending any money anyway?
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#4 | |
WERA White Plate
Join Date: Feb 2008
Location: Renton, WA
Moto: Ninja 650R
Posts: 1,920
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It's incredibly impractical and probably very illegal. You should know the house always wins for a reason...
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#5 | |
Ride Naked.
Join Date: Feb 2008
Location: Flat and Straight ND
Moto: 08 BUELL 1125R, 05 SV650S
Posts: 7,916
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Illegal? I can't see how?? |
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#6 | |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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And the question of practicality is all relative... How much work... how many hours of your day, week, year would it be worth to you to live your current or even an improved lifestyle, but pocket all of the money you take home from work... |
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#7 |
moderator chick
![]() ![]() Join Date: Feb 2008
Location: Hill Country TX
Moto: Pasta Rockets
Posts: 8,917
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That's a lot of work for $450 a year.
![]() If you have that much time, why not invest it in something that would return more than that?
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We have enough youth. How about a fountain of "smart"? Come Play at the Track!! http://www.elitetrackdays.com |
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#8 |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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Takes me less than a half hour a week... In other words, I pay myself nearly $17.30/hr to dick off on the computer for 1/2 hour a week.
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#9 |
el diablo de verde
Join Date: Feb 2008
Location: Howell, MI
Moto: VTR, CBR, DRZSM
Posts: 1,046
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Like collecting bottles and returning them
![]() Don't most of them have something in the fine print that balance transfers don't count towards rewards and what not? |
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#10 | ||
WERA White Plate
Join Date: Feb 2008
Location: Renton, WA
Moto: Ninja 650R
Posts: 1,920
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