SoulAssassin
Diamond Member
- Feb 1, 2001
- 6,135
- 2
- 0
Do not do this. I've been playing the credit card arbitrage/AOR game for several years and this is a bad move. While you may be able to earn 10% you could also lose 10% + 6% interest. Investing OPM (other people's money) in non-fixed rate returns is asking for trouble. FNBODirect is offering 6% until the end of September...you would be much better off getting a 0% offer on a new card and investing it there.
Start reading here:
http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=477214
Start reading here:
http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=477214