Sunday, February 25, 2007

Credit Card Arbitrage #3 Ended

Earlier this week I closed out my latest venture into the world of credit card arbitrage.

For the record, this one lasted from March 2006 to February 2007. After fees, and before taxes, the arbitrage netted me just under $652. The interest earned came from a combination of using my Emigrant Direct (review) and Treasury Direct (short-term bonds) accounts.

An interesting sidenote: Despite the detrimental effect on my credit score, I elected to use almost all of my available credit line (on one particular credit card) for this arbitrage play. A few months after I initiated the transfer, the credit card on which I borrowed this money raised my credit limit by some 48 percent.

So if I decide to use an offer from this card company again, I'll have significantly more borrowing power with which to work.

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— Posted by Michael @ 12:35 PM








2 Comments:
 

how much did you borrow?

 

Oh, thirteen and some change.

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