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Old 09-28-2007, 05:44 PM
soko soko is offline
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Join Date: Nov 2004
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Default Re: Gold and Credit Cards (noob question)

Pifhluk what you are talking about with taking advantage of 0% introductory interest rates is not new, There is a name for it called an App-o-Rama http://app-o-rama.com/

"The App O Rama is a strategy of completing multiple applications at the same time. The goal is to get as many bonus offers and new credit lines as one desires, in a quick and convenient way."

There have been accounts of people taking out huge lines of credit at 0%, putting it in a long term savings account at 5% and profiting $20,000 after paying the debt back.
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