Cashing In On Those 0% Offers For Credit Cards
In an article titled 'How to Cash In On 0% Offers For Credit Cards", Jane Kim writes for the Wall St. Journal about how some folks are taking advantage of those 0% interest solicitations from card issuers and using them to fund investments in high yield savings accounts - with one individual reporting he makes about $1,300 to $1,400 a year with this strategy. Kim says the strategy has been nicknamed "app-o-rama" on personal-finance Web sites where it's regularly discussed. She also points out that, for the strategy to work, you have to pay attention to the details - just one late payment could destroy the interest-free status on the account, for example.
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