Credit Card Whoring

[goodsamaritan]

[ QUOTE ]
No, I'm talking about getting a 0-1% interest loan on a credit card and investing the funds into a 5-6% savings account.

EASY MONEY..........SOMEWHAT SORT OF.

-fh-

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Do you have any advice about getting the 0% balance transfers into a checking account or some other liquid asset account? I've been reading conflicting information about whether you can balance tranfer to a debit card to get the money into a checking account. FWIW I'd like to transfer the money into a BoA cehcking account then transfer it to a high yield savings account.

[Fishhead24]

I just write a transfer check to my savings account.

Now understand, my credit is A+(and I have a million dollar total credit line when all my cards are taken into consideration).

-FH-

[lala]

[ QUOTE ]
I just write a transfer check to my savings account.

Now understand, my credit is A+(and I have a million dollar total credit line when all my cards are taken into consideration).

-FH-

[/ QUOTE ]

do you have a huge income or something else?

[ImStillBen]

[ QUOTE ]
[ QUOTE ]
I just write a transfer check to my savings account.

Now understand, my credit is A+(and I have a million dollar total credit line when all my cards are taken into consideration).

-FH-

[/ QUOTE ]

do you have a huge income or something else?

[/ QUOTE ]

He owns Iowa.

[G-Diddy20]

i am in college and was thinking of getting a credit card to pay for everything from now on. i would then pay the bil promptly at the end of each month. is this a good way to build credit and what type of card should i get?

[bluef0x]

[ QUOTE ]
i am in college and was thinking of getting a credit card to pay for everything from now on. i would then pay the bil promptly at the end of each month. is this a good way to build credit and what type of card should i get?

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Paying for everything with the credit card won't do anything more than having a credit card and not using it (although, if you NEVER use it- they can threaten to cancel it). If you want to use it on everything, get a card with great rewards. mtvU if you are still in college is probably your best choice. If you want to build credit (and don't need a loan within a year), I would apply for a few cards. You build credit by never having a late payment, building credit age, having a low balance, and available credit.

Read the forums at fatwallet.com about building your credit.