Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: tigerman77 who wrote (96332)	4/19/2001 8:15:53 PM
From: Lee Lichterman III	Respond to of 436258

Agree the card companies are incompetent. I send in those 0% interest rate offers all the time, max it out on a interest free loan then put it in my Market Fund. A month before they expire and want to start collecting interest, I pay it off in full. Soon as I pay it off, I cancel the card and move to the next one. Not ONE of them has figured it out yet. Just received my third 0% COF card offer a couple days ago. Guess they are going to win the lucky lottery for this period. -g- One other good one I had happen, I also have an old card I forgot to cancel from when I did this a year or so ago. I haven't used it since I scammed them back then. Instead of them cancelling for inactivity, they have been raising my limit every three months. If I am not using it, what can they be possibly thinking that would make them think I need a larger credit line? Now I am just holding it to see hwo high it will go. I figure if I really let it get up there, maybe I can threaten to cancel and they will let me double tap the same card interest free for a year. -NG- I can't wait to get my next full year offer, the COF one was only until November. 5% risk free spread is OK I guess for all the work it takes to put a stamp on it. <ggg> Good Luck, Lee