Friday, October 07, 2005

Credit Card Arbitrage #2 Ended

This past week I closed out the Credit Card arbitrage play I initiated back in February.

I wanted to be quite sure that my Chase credit card's balance was $0 well in advance of the promotional period's end. So far, it appears that everything went off without a hitch: I set up an electronic transfer / payment from my ING Direct account to my credit-card account, and my card's history tells me that the transaction went through just as I wished.

In the past I would've probably transferred the money from ING into my credit union's checking account, and from there EFT'd it to Chase. It had never occurred to me that my ING savings account could be used for EFTs just like any other account, and I could save myself a step in the process. So that's what I did, and it worked.

Now I just sit back and wait for another arbitrage-able offer . . ..


— Posted by Michael @ 11:44 PM

** Comments Closed on this Post **

Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]


Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]