How to build credit

[Ron Burgundy]

You said you wee going to stop posting in this thread. So just stop. Please.

[TheMetetron]

I don't quite get this. Are you going from intro offer to intro offer or using all 20 cards past the intro period somehow to avoid paying interest?

I'm certainly not above a free few thousand dollars a year for what sounds like very minimal work.

[Thremp]

I'd be interested to see the risk of exploding your credit. I assume this plan is fairly new.

I'll certainly laugh if it does.

Also I support Henry17 on this matter almost fully. It seems like a paltry sum for a fairly significant amount of lame work. (I think sifting through 8000 pieces of mail each week needs to be included) In addition to the credit risk and the general way this is viewed. I think its a pretty solid pass unless it'd make a very large impact on your standard of living.

[bluef0x]

[ QUOTE ]
I'd be interested to see the risk of exploding your credit. I assume this plan is fairly new.

I'll certainly laugh if it does.

Also I support Henry17 on this matter almost fully. It seems like a paltry sum for a fairly significant amount of lame work. (I think sifting through 8000 pieces of mail each week needs to be included) In addition to the credit risk and the general way this is viewed. I think its a pretty solid pass unless it'd make a very large impact on your standard of living.

[/ QUOTE ]

I wouldn't ever do an app-o-rama just because I'm lazy and would probably forget to do the required stuff. However, saying it's a paltry sum is a joke. 6k could be more than 10% of someone's yearly salary. Also, I don't know where you are getting 8000 pieces of mail/week. In case you didn't know, we are living in 2007. Everything can be done online. You are right about it being a pretty big risk. Again, no one will ever know you do it unless you disclose it, so I don't know how anyone can view you negatively (nor do I understand why you would care)

[Foghatlive]

I took a brief look at apparama. From what I gleened, the objective is to sign up for credit w/ 0% int, get cash advances and put the money in an interest paying account.

I get a ton of these offers in the mail, but don't they have different standards for cash advances as opposed to purchases?

[bwana devil]

henry, im not sure why you keep harping on it being "$16/day." this project is not worked on daily and doesnt seem to work on a strict year cycle. it seems you arbitrarily think of it in terms of money per day for other reason.

there is certainly risk involved and i wouldnt brag about it to my friends but id entertain the idea of making $6000 per day or $1.60 per decade.

[bluef0x]

[ QUOTE ]
I took a brief look at apparama. From what I gleened, the objective is to sign up for credit w/ 0% int, get cash advances and put the money in an interest paying account.

I get a ton of these offers in the mail, but don't they have different standards for cash advances as opposed to purchases?

[/ QUOTE ]

You certainly have to read all of the fine print before jumping into something with this much risk. For example, some cards let you have 0% as long as you make two purchases a month... a tiny mistake like not knowing that could cost you thousands of dollars.

[Thremp]

[ QUOTE ]
I took a brief look at apparama. From what I gleened, the objective is to sign up for credit w/ 0% int, get cash advances and put the money in an interest paying account.

I get a ton of these offers in the mail, but don't they have different standards for cash advances as opposed to purchases?

[/ QUOTE ]

Yeah. My cash advance is 20% of total credit limit.