The idea of money in the form of credit cards is discussed in the media and finance in personal weblogs. There are numbers of methods described, all with advantages and disadvantages. Earn money with credit cards has attracted the attention of financial analysts, and it is studied as an important financial phenomenon. Let's look at the most popular methods to increase the capital of playing cards right. Is this really a proper game from?
The method named"stoozing" (according to the blogger who was the first to describe and promote this technique) is based on pre-calculated using a 0% APR credit cards. It's as simple as this. You apply for a credit card, has the good grace, and 0% intro April. After maxing out the card, you place the money in a savings account or another investment loan, which is 100% safe secure interesting. After the deadline expires, you can either pay the debt (the interest on the savings account will beYour prize) or to transfer the balance on a credit card with 0% of the balance transferred to work making your money where you go into an investment. Perfectly lovely? It would be, but there are some "buts".
To this method works, one should be careful because it is necessarily afford minimum monthly payments and avoid being the purchases with the card to work - otherwise interest rates and fees are paid to be. In addition, you will spend hours and hours trying to find a worthyInvestment and a credit card with the best conditions. A major disadvantage of this method is that you can lower your credit score immensely, apply for new credit cards and transfer your balances so often. Good memory is also required - you must keep in view the maturity to make the necessary transactions.
The attractive features of good credit (premium, low prices), if it is carefully used, can also help you to increase your capital. Due to the rising expenses on your cash back credit card) begin (if you do, gasoline or food purchases with the card you can earn more rewards. The latter can be invested in the stock market, or you can transfer it to a savings account. Other rewards such as airline miles, rewards can membership, free tickets and the like certainly deserve as a way to be considered. Sometimes these products are not for money or they are very expensive.
In some cases, serve as a means of buying protection for the money you have spent on damaged or backbad product. The law allows consumers to withhold payment for such goods, provided that you have an agreement with the dealer to have. But in this case, only to earn less money rather than give.
A view of the intention of consumers gave him a clear picture of how the banks make money, thousands like him. So he took it-out credit card-sized industry and invented a series of tricks on those who try to earn it, deserve to be. Is this game worth it? Each of you choosesyourself.
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