Comments on: The Art of the Credit Card App-O-Rama http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/ Putting my Financial House in Order Fri, 29 Aug 2008 02:49:48 +0000 http://wordpress.org/?v=2.2.1 By: Tim http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-36756 Tim Fri, 31 Aug 2007 01:38:45 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-36756 I have been playing this game with existing cards' 0% BT offers since November, and in that time I have profited about $1600, and I should add another $800 or so between now and April 2008. I have now begun a "slow AOR" (is that an oxymoron?) by applying for a number of high bonus cards over the past two weeks, many of which have 0% BT or at least 0% intro purchase rates. I estimate that my entire profit from all this activity over 18 months will be on the order of $4000. It is true that those who cannot properly organize to keep all their payments up to date or cannot exercise the discipline to invest the proceeds in risk-free investments should NOT pursue this strategy. While I'm looking forward to doing a full-blown AOR sometime in the future, I'll continue taking the free money the CC issuers are throwing at me in the short term. Anyone who can write a BT check, pay bills, and open online bank accounts can profit from this strategy. Also, I expect to make about $1500 over the next 8 months in bank account opening bonuses, so overall I'll be up about $5500 from hustling cash over an 18 month period. I have been playing this game with existing cards’ 0% BT offers since November, and in that time I have profited about $1600, and I should add another $800 or so between now and April 2008. I have now begun a “slow AOR” (is that an oxymoron?) by applying for a number of high bonus cards over the past two weeks, many of which have 0% BT or at least 0% intro purchase rates. I estimate that my entire profit from all this activity over 18 months will be on the order of $4000.

It is true that those who cannot properly organize to keep all their payments up to date or cannot exercise the discipline to invest the proceeds in risk-free investments should NOT pursue this strategy.

While I’m looking forward to doing a full-blown AOR sometime in the future, I’ll continue taking the free money the CC issuers are throwing at me in the short term. Anyone who can write a BT check, pay bills, and open online bank accounts can profit from this strategy.

Also, I expect to make about $1500 over the next 8 months in bank account opening bonuses, so overall I’ll be up about $5500 from hustling cash over an 18 month period.

]]> By: The Debt Settlement Guy http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-35557 The Debt Settlement Guy Sun, 05 Aug 2007 21:58:41 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-35557 I'm not sure that encouraging people to take out credit cards is the best advice. Obviously it is beneficial from a FICO standpoint, but playing the credit card balance transfer game can lead to some catastrophic consequences. I’m not sure that encouraging people to take out credit cards is the best advice. Obviously it is beneficial from a FICO standpoint, but playing the credit card balance transfer game can lead to some catastrophic consequences.

]]> By: Steve B http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-21217 Steve B Thu, 26 Apr 2007 23:40:32 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-21217 Very Interesting for some this might be dangerous though. Very Interesting for some this might be dangerous though.

]]> By: Pragmatic Finance - Putting my Financial House in Order http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1708 Pragmatic Finance - Putting my Financial House in Order Mon, 02 Oct 2006 23:46:59 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1708 [...] My Favorite Posts Investing with a Roth IRA Best Deals and Free $$ 5% off Bookstores, Movie Theaters, Restaurants Paying a Credit Card with Another Credit Card App-o-Rama [...] […] My Favorite Posts Investing with a Roth IRA Best Deals and Free $$ 5% off Bookstores, Movie Theaters, Restaurants Paying a Credit Card with Another Credit Card App-o-Rama […]

]]> By: The Scott English Show - » More How To’s then you Could Poke a Stick At http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1655 The Scott English Show - » More How To’s then you Could Poke a Stick At Sun, 01 Oct 2006 05:00:19 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1655 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: The Scott English Show - » More How To’s then you Could Poke a Stick At http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1656 The Scott English Show - » More How To’s then you Could Poke a Stick At Sun, 01 Oct 2006 05:00:19 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1656 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Cell Phone Know How » 343 How To Posts http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1555 Cell Phone Know How » 343 How To Posts Tue, 26 Sep 2006 16:16:29 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1555 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: John Wilks http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1554 John Wilks Tue, 26 Sep 2006 16:15:18 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1554 Thanks for posting this. Thanks for posting this.

]]> By: CJCM and IT » Blog Archive » Problogger’s Group Writing Project http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1553 CJCM and IT » Blog Archive » Problogger’s Group Writing Project Tue, 26 Sep 2006 16:07:50 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1553 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Chewing Pencils: Helping you make money from drawing cartoons! http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1518 Chewing Pencils: Helping you make money from drawing cartoons! Mon, 25 Sep 2006 12:48:26 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1518 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Ask blushgirl - Romance Advice, Tips and Dating Site Reviews » Blog Archive » Day 2 How-To Article Love http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1466 Ask blushgirl - Romance Advice, Tips and Dating Site Reviews » Blog Archive » Day 2 How-To Article Love Sun, 24 Sep 2006 07:39:13 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1466 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Mark Choon » The Biggest, really humongous, ‘How To’ list ever assembled in 4 days! http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1434 Mark Choon » The Biggest, really humongous, ‘How To’ list ever assembled in 4 days! Sat, 23 Sep 2006 14:04:57 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1434 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Questallia » Problogger’s ‘How to’ Group Writing Project List http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1429 Questallia » Problogger’s ‘How to’ Group Writing Project List Sat, 23 Sep 2006 12:56:03 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1429 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Change your thoughts » Blog Archive » How to posts - loads of them http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1412 Change your thoughts » Blog Archive » How to posts - loads of them Sat, 23 Sep 2006 06:03:46 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1412 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: Kristonia Ink! » Full List of ProBlogger How To Contest Submissions http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1405 Kristonia Ink! » Full List of ProBlogger How To Contest Submissions Sat, 23 Sep 2006 00:34:20 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1405 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

]]> By: MamaDuck http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1351 MamaDuck Thu, 21 Sep 2006 14:43:39 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1351 Ah, useful tips indeed! <a href="http://lilduckduck.com/how-to-be-a-parent-and-still-have-fun/299" rel="nofollow">Our how-to is up as well</a> if you'd like to check it out!! Ah, useful tips indeed! Our how-to is up as well if you’d like to check it out!!

]]> By: Jersey Girl http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1318 Jersey Girl Wed, 20 Sep 2006 15:58:21 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1318 Interesting, I'm heading over to your other link to see that as well. I'm in the less is better credit card philosophy! Slowly getting rid of that beast in my life! Interesting, I’m heading over to your other link to see that as well. I’m in the less is better credit card philosophy! Slowly getting rid of that beast in my life!

]]> By: Money Under 30 | Personal Finance Posts from the Problogger Group Writing Project http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1312 Money Under 30 | Personal Finance Posts from the Problogger Group Writing Project Wed, 20 Sep 2006 15:08:06 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1312 [...] Pragmatic Finance talks about how to game the credit card application process to load up on multiple high credit-limit cards. [...] […] Pragmatic Finance talks about how to game the credit card application process to load up on multiple high credit-limit cards. […]

]]> By: Matt http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1304 Matt Wed, 20 Sep 2006 12:30:23 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1304 Consider this bookmarked! Thanks for the how to! Thanks for contributing to the Group Writing Project at ProBlogger. My <a href="http://www.brauchtalk.com/how-to-keep-your-relationship-healthy-with-your-wife/" rel="nofollow">How To</a> is up also. Consider this bookmarked! Thanks for the how to! Thanks for contributing to the Group Writing Project at ProBlogger.
My How To is up also.

]]> By: 88 More ‘How To’ Articles - Group Writing Project Submission Part 2 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1298 88 More ‘How To’ Articles - Group Writing Project Submission Part 2 Wed, 20 Sep 2006 08:31:57 +0000 http://www.pragmaticfinance.com/the-art-of-the-credit-card-app-o-rama/#comment-1298 [...] The Art of the Credit Card App-O-Rama by Jason [...] […] The Art of the Credit Card App-O-Rama by Jason […]

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