“Balance transfers must be from business accounts.”

What exactly might this mean?

Also, how would I get the money if I do not have a HELOC and current cards with balances already? Example: 30K business card offers 14 months 0% APR on Balance Transfers but my only debt is a small credit card with a 1K balance. Wouldn’t the business card only pay the 1K? I’ve read here that I would request 30K to be applied to my 1K to get 29K negative balance but that just seems fishy to me (and probably both card issuers.)

Also if this were to be my first time then I wouldn’t necessarily earn the full 3.5% (per my example) since I would be using a portion of that account to make the minimum payments on the BT.

And I know precisely the card you talk about… the Fidelity 529 card, it’s my favorite! I just wish that they still offered it so other people could sign up for it.

Stopped doing this because part of my technique involved buying savings bonds on-line with a rewards credit card fo a 2% kicker into a 529 account. After US Treasury suspended on line credit card purchases of bonds, it seemed too much trouble to continue for the returns. At the time MM accounts were returning 1-2% annually.

I may get back into it again but want to make sure I don’t have a move in my future.

[...] presents What is Credit Card Arbitrage? posted at My Dollar [...]

@ Jay: I usually notice a slight dip in our credit score immediately after applying for a round of new cards. However, I never go over 90% utilization on any one card, and keep overall utilization to about 20%. By time I’m ready to get new cards after a year, it’s always bounced back and gone up a little.

@ kitty: Yeah, back in the day of 6% interest, the profits were much better. You’re right on the risk – if executed properly, there is actually very little risk.

http://www.step3prophet.com/20.....art-5.html

[...] Dollar Plan writes this week on what is credit card arbitrage? You’ve heard of it, but how do you use [...]

[...] What is Credit Card Arbitrage? “As long as the interest (less taxes) is greater than the transaction costs, you’ll have made a profit and taken advantage of an arbitrage situation.” – My Dollar Plan [...]

Nowadays though, it seems that the gain isn’t that huge given how low interest rates are. Maybe on a million dollars, but I am a bit reluctant to open so many cards. I do admire you for doing it – as I said, pretty cool.

[...] Dollar Plan gives us a rundown in What is Credit Card Arbitrage.  I still don’t have the guts to try this, but doesn’t sound quite as scary after [...]

I’d recommend arbitrage only to anal retentive type people who check their balances every day and keep track of things in spreadsheets. If you are not that kind of person, than arbitrage is probably not for you.

[...] What is Credit Card Arbitrage? – This practice uses credit cards to take advantage of special offers so that you can actually use them to make money. There are some risks involved, but a lot of people do it with some success. It isn’t something I have time for, but it may be something you could use. [...]