Re: How to build credit
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I think you are confused, you don't have to continue anything. You can stop once the introductory period ends.. just withdraw all your invested money and pay off the credit cards. You keep the 5-6% interest.
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I thought the point of this was to continue to do it in perpetuity or until you couldn't get any more credit.
If someone is doing it for only one cycle, the 5-6% return for an introductory period of 6 months is even less money. I'm going to have all these credit cards on my credit report to make chump change. I thought people could keep this ponzi-lite going for 2-3 years.
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or some reason you believe everything you do is public knowledge and that other people's opinions matter. You are insane
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You'd be surprised how easy it is for information to get out.
Other people's opinion do matter. I've walked away from dealing with people because they wore a fake Rolex, because they tried to sneak into a club without paying cover, because they did something similar to this. Your personal reputation is the equivalent of goodwill. Risking the possibility that your reputation might be damaged to get a interest free loan for 6 months is insane.
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