Credit card trick

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wettmeister1
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wettmeister1

Credit card trick
« on: February 17, 2015, 12:02:35 PM »
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Hello!

An idea came up to me.
When you buy something with credit card, you get the money at the moment but you have to pay the credit card bill about 4-6 months later. So I started to buy gift vouchers of my hometown for shopping. Bought it with credit card, then went to bank and ecchanged the vouchers to money. Now I get interest rate till the day the credit card company takes money.
Now I am searching for other opportunities, as you can buy nearly everything with credit card. The only trick is to exchange it as fast as possible to get many money from interest rate.
Maybe anyone has some other ideas...
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caraPan
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caraPan

Re: Credit card trick
« Reply #1 on: February 17, 2015, 01:56:18 PM »
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Why do you do this? To get cash to arb?
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qbet
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qbet

Re: Credit card trick
« Reply #2 on: February 17, 2015, 02:49:52 PM »
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Why do you do this? To get cash to arb?
...or to make peanuts out of the non-existent interest rates that banks offer these days.

There are easier ways to get the cash out of a credit card and if you use it to arb, Skrill cash back would beat any return from interest.
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MUCHBET
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MUCHBET

Re: Credit card trick
« Reply #3 on: February 17, 2015, 05:48:22 PM »
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0,15% interest will make you really rich ;)
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Arbman
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Arbman

Re: Credit card trick
« Reply #4 on: February 17, 2015, 08:58:03 PM »
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Which bank lets you exchange vouchers for money?
It seems like a good way to get an interest free loan
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HeavyRigid
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HeavyRigid

Re: Credit card trick
« Reply #5 on: February 17, 2015, 10:54:54 PM »
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Which bank lets you exchange vouchers for money?
Indeed. Seems too good to be true.

Also, you could rack up those frequent flyer miles and fly first class around the world!
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wettmeister1
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wettmeister1

Re: Credit card trick
« Reply #6 on: February 17, 2015, 11:48:50 PM »
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Every bank here in austria. There are vouchers to use in one special town. I was searching now a lot of things about stoozing, but it's difficult out of austria...
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yorkjoss
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Re: Credit card trick
« Reply #7 on: February 18, 2015, 09:48:22 AM »
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Hello!

An idea came up to me.
When you buy something with credit card, you get the money at the moment but you have to pay the credit card bill about 4-6 months later. So I started to buy gift vouchers of my hometown for shopping. Bought it with credit card, then went to bank and ecchanged the vouchers to money. Now I get interest rate till the day the credit card company takes money.
Now I am searching for other opportunities, as you can buy nearly everything with credit card. The only trick is to exchange it as fast as possible to get many money from interest rate.
Maybe anyone has some other ideas...


I've got an even better idea,        http://en.wikipedia.org/wiki/Arbitrage_betting

maybe you can try this? I have a feeling that you may make lots more money if you do this and have more fun
at the same time ;)
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