How do you make the most of a huge credit line? - GoFuckYourself.com

robfantasy · 07-27-2005, 02:35 PM

i have 3 huge credit lines and 0 debt.

whats the best way to leverage this.

xenigo · 07-27-2005, 02:38 PM

Best way: don't.

PSD · 07-27-2005, 02:53 PM

Depends on how much risk you want to take. On the conservative site, if they send you out one of those convienence checks where they offer money interest free for 6 months to pay off bills and stuff and it has a low enough maximum transaction fee, you can usually deposit the money into a savings account and make some money and then make sure to pay it off before the end of the promotion. I am earning 3% interest on about $60,000 this way at ING Direct. If you or anyone else wants to open an account there, post your email and I will send an invitation that will put $25 into your account. BTW, I assume you are talking about credit card lines of credit.

Peaches · 07-27-2005, 02:55 PM

Quote:

Originally Posted by JCK

Depends on how much risk you want to take. On the conservative site, if they send you out one of those convienence checks where they offer money interest free for 6 months to pay off bills and stuff and it has a low enough maximum transaction fee, you can usually deposit the money into a savings account and make some money and then make sure to pay it off before the end of the promotion. I am earning 3% interest on about $60,000 this way at ING Direct. If you or anyone else wants to open an account there, post your email and I will send an invitation that will put $25 into your account.

Emigrantdirect.com is paying 3.5% (Ing's now paying 3.15%, BTW).

If I had a ton of credit and 0 debt I'd be buying rental properties like crazy.

07-27-2005, 02:35 PM	#1
robfantasy Confirmed User Industry Role: Join Date: Jun 2002 Location: Medellin, Colombia Posts: 6,445	How do you make the most of a huge credit line? i have 3 huge credit lines and 0 debt. whats the best way to leverage this. __________________ Looking to speak w/ high volume nutra CPA affiliates or networks... msg me

07-27-2005, 02:38 PM	#2
xenigo Confirmed User Industry Role: Join Date: Jan 2001 Location: Oakland, CA Posts: 8,067	Best way: don't.

07-27-2005, 02:53 PM	#3
PSD PornSiteDomains.com Industry Role: Join Date: Oct 2002 Location: US Posts: 1,265	Depends on how much risk you want to take. On the conservative site, if they send you out one of those convienence checks where they offer money interest free for 6 months to pay off bills and stuff and it has a low enough maximum transaction fee, you can usually deposit the money into a savings account and make some money and then make sure to pay it off before the end of the promotion. I am earning 3% interest on about $60,000 this way at ING Direct. If you or anyone else wants to open an account there, post your email and I will send an invitation that will put $25 into your account. BTW, I assume you are talking about credit card lines of credit.