SEARCH:
Quick Search Results

Searching...

VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS

Credit Card Transfers Can Be a Dangerous Game New York

Some people in New York made a nice little side income by putting in a couple of hours a month playing the balance transfer game. Some accumulated $200,000 or more in credit card debt in order to invest it in a money market account. CreditCardGuide.com examines how this game is now too dangerous to play.

Local Companies

Credit Advocate Counseling Corp
(212) 260-1450
237 1 Ave E 14th St
New York, NY
Olsson & Feder LLP
(585) 563-3481
1580 Elmwood Ave
Rochester, NY
First Command Financial Planning, Inc.
(646) 789-6787
1230 Avenue of the Americas
New York, NY
Debt Solution Services, Inc
347-312-2148
1300 Ave M
Brooklyn, NY
Ulster Savings
(845) 338-6322
180 Schwenk Drive
Kingston, NY
Bank of America
(845) 255-6830
1 New Paltz Plaza
New Paltz, NY
Citizens Bank
(845) 256-3802
271 Main Street
New Paltz, NY
Empire State Bank, NA
(845) 256-0003
275 Main Street
New Paltz, NY
M & T Bank
(845) 255-7100
191 Main Street
New Paltz, NY
Riverside Bank
(845) 454-5511
11 Garden Street
Poughkeepsie, NY
Provided by:




By Eva Norlyk Herriott

Back in the heyday of easy credit, some savvy consumers found a way to make money on credit cards—instead of the other way around. They played a nice little game of musical chairs: Take out a new credit card with a 0% APR , invest the money in a high-interest savings account at a 3-5% return. Then, when the 0% APR expires, transfer the balance to a new credit card with a 0% APR and keep the money earning a nice return in the savings account. Rinse and repeat.

This little game of credit card arbitrage had many followers; whole website communities sprang up with tips for finding the best credit card deals, pitfalls to watch for, guidelines on how to minimize hits to one’s credit rating when applying for new credit cards, and so on. Some people made a nice little side income by putting in a couple of hours a month playing this game. Serious players accumulated upwards of $200,000 or more in credit card debt in order to invest it in a money market account.

In the current credit environment, playing musical chairs with credit card balance transfers, however, is no longer such a great idea. People who try to game the system may find that the days of great balance transfer deals are over and the terms of credit card transfers are too onerous to provide any advantage. ...

Click here to read the full credit card article from CreditCard Guide.

Featured Local Company

Credit Advocate Counseling Corp

(212) 260-1450
237 1 Ave E 14th St
New York, NY
Read more about Credit Card Transfers Can Be a Dangerous Game

Regional Articles
- Credit Card Transfers Can Be a Dangerous Game Albany NY
- Credit Card Transfers Can Be a Dangerous Game Amityville NY
- Credit Card Transfers Can Be a Dangerous Game Amsterdam NY
- Credit Card Transfers Can Be a Dangerous Game Arverne NY
- Credit Card Transfers Can Be a Dangerous Game Astoria NY
- Credit Card Transfers Can Be a Dangerous Game Auburn NY
- Credit Card Transfers Can Be a Dangerous Game Babylon NY
- Credit Card Transfers Can Be a Dangerous Game Baldwin NY
- Credit Card Transfers Can Be a Dangerous Game Baldwinsville NY
- Credit Card Transfers Can Be a Dangerous Game Ballston Spa NY
- Credit Card Transfers Can Be a Dangerous Game Bay Shore NY
- Credit Card Transfers Can Be a Dangerous Game Bayside NY
- Credit Card Transfers Can Be a Dangerous Game Beacon NY
- Credit Card Transfers Can Be a Dangerous Game Bellerose NY
- Credit Card Transfers Can Be a Dangerous Game Bellmore NY
- Credit Card Transfers Can Be a Dangerous Game Bethpage NY
- Credit Card Transfers Can Be a Dangerous Game Binghamton NY
- Credit Card Transfers Can Be a Dangerous Game Brentwood NY
- Credit Card Transfers Can Be a Dangerous Game Brewster NY
- Credit Card Transfers Can Be a Dangerous Game Brockport NY
- Credit Card Transfers Can Be a Dangerous Game Bronx NY
- Credit Card Transfers Can Be a Dangerous Game Bronxville NY
- Credit Card Transfers Can Be a Dangerous Game Brooklyn NY
- Credit Card Transfers Can Be a Dangerous Game Buffalo NY
- Credit Card Transfers Can Be a Dangerous Game Cambria Heights NY
- Credit Card Transfers Can Be a Dangerous Game Camillus NY
- Credit Card Transfers Can Be a Dangerous Game Canandaigua NY
- Credit Card Transfers Can Be a Dangerous Game Centereach NY
- Credit Card Transfers Can Be a Dangerous Game Central Islip NY
- Credit Card Transfers Can Be a Dangerous Game Clifton Park NY
- Credit Card Transfers Can Be a Dangerous Game Cohoes NY
- Credit Card Transfers Can Be a Dangerous Game College Point NY
- Credit Card Transfers Can Be a Dangerous Game Commack NY
- Credit Card Transfers Can Be a Dangerous Game Copiague NY
- Credit Card Transfers Can Be a Dangerous Game Coram NY
- Credit Card Transfers Can Be a Dangerous Game Corning NY
- Credit Card Transfers Can Be a Dangerous Game Corona NY
- Credit Card Transfers Can Be a Dangerous Game Cortland NY
- Credit Card Transfers Can Be a Dangerous Game Cortlandt Manor NY
- Credit Card Transfers Can Be a Dangerous Game Deer Park NY
- Credit Card Transfers Can Be a Dangerous Game Delmar NY
- Credit Card Transfers Can Be a Dangerous Game Depew NY
- Credit Card Transfers Can Be a Dangerous Game Dunkirk NY
- Credit Card Transfers Can Be a Dangerous Game East Amherst NY
- Credit Card Transfers Can Be a Dangerous Game East Aurora NY
- Credit Card Transfers Can Be a Dangerous Game East Elmhurst NY
- Credit Card Transfers Can Be a Dangerous Game East Islip NY
- Credit Card Transfers Can Be a Dangerous Game East Meadow NY
- Credit Card Transfers Can Be a Dangerous Game East Northport NY
- Credit Card Transfers Can Be a Dangerous Game East Setauket NY
- Credit Card Transfers Can Be a Dangerous Game East Syracuse NY
- Credit Card Transfers Can Be a Dangerous Game Elmhurst NY
- Credit Card Transfers Can Be a Dangerous Game Elmira NY
- Credit Card Transfers Can Be a Dangerous Game Elmont NY
- Credit Card Transfers Can Be a Dangerous Game Endicott NY
- Credit Card Transfers Can Be a Dangerous Game Fairport NY
- Credit Card Transfers Can Be a Dangerous Game Far Rockaway NY
- Credit Card Transfers Can Be a Dangerous Game Farmingdale NY
- Credit Card Transfers Can Be a Dangerous Game Farmingville NY
- Credit Card Transfers Can Be a Dangerous Game Floral Park NY
- Credit Card Transfers Can Be a Dangerous Game Flushing NY
- Credit Card Transfers Can Be a Dangerous Game Forest Hills NY
- Credit Card Transfers Can Be a Dangerous Game Franklin Square NY
- Credit Card Transfers Can Be a Dangerous Game Fredonia NY
- Credit Card Transfers Can Be a Dangerous Game Freeport NY
- Credit Card Transfers Can Be a Dangerous Game Fresh Meadows NY
- Credit Card Transfers Can Be a Dangerous Game Fulton NY
- Credit Card Transfers Can Be a Dangerous Game Garden City NY
- Credit Card Transfers Can Be a Dangerous Game Glen Cove NY
- Credit Card Transfers Can Be a Dangerous Game Glen Oaks NY
- Credit Card Transfers Can Be a Dangerous Game Glens Falls NY
- Credit Card Transfers Can Be a Dangerous Game Gloversville NY
- Credit Card Transfers Can Be a Dangerous Game Great Neck NY
- Credit Card Transfers Can Be a Dangerous Game Hamburg NY
- Credit Card Transfers Can Be a Dangerous Game Hauppauge NY
- Credit Card Transfers Can Be a Dangerous Game Hempstead NY
- Credit Card Transfers Can Be a Dangerous Game Hicksville NY
- Credit Card Transfers Can Be a Dangerous Game Hilton NY
- Credit Card Transfers Can Be a Dangerous Game Holbrook NY
- Credit Card Transfers Can Be a Dangerous Game Hollis NY
- Credit Card Transfers Can Be a Dangerous Game Hopewell Junction NY
- Credit Card Transfers Can Be a Dangerous Game Horseheads NY
- Credit Card Transfers Can Be a Dangerous Game Howard Beach NY
- Credit Card Transfers Can Be a Dangerous Game Huntington NY
- Credit Card Transfers Can Be a Dangerous Game Huntington Station NY
- Credit Card Transfers Can Be a Dangerous Game Islip NY
- Credit Card Transfers Can Be a Dangerous Game Ithaca NY
- Credit Card Transfers Can Be a Dangerous Game Jackson Heights NY
- Credit Card Transfers Can Be a Dangerous Game Jamaica NY
- Credit Card Transfers Can Be a Dangerous Game Jamestown NY
- Credit Card Transfers Can Be a Dangerous Game Kew Gardens NY
- Credit Card Transfers Can Be a Dangerous Game Kings Park NY
- Credit Card Transfers Can Be a Dangerous Game Kingston NY
- Credit Card Transfers Can Be a Dangerous Game Lancaster NY
- Credit Card Transfers Can Be a Dangerous Game Larchmont NY
- Credit Card Transfers Can Be a Dangerous Game Latham NY
- Credit Card Transfers Can Be a Dangerous Game Levittown NY
- Credit Card Transfers Can Be a Dangerous Game Lindenhurst NY
- Credit Card Transfers Can Be a Dangerous Game Little Neck NY
- Credit Card Transfers Can Be a Dangerous Game Liverpool NY
- Credit Card Transfers Can Be a Dangerous Game Lockport NY
- Credit Card Transfers Can Be a Dangerous Game Long Beach NY
- Credit Card Transfers Can Be a Dangerous Game Long Island City NY
- Credit Card Transfers Can Be a Dangerous Game Lynbrook NY
- Credit Card Transfers Can Be a Dangerous Game Mahopac NY
- Credit Card Transfers Can Be a Dangerous Game Malone NY
- Credit Card Transfers Can Be a Dangerous Game Mamaroneck NY
- Credit Card Transfers Can Be a Dangerous Game Manhasset NY
- Credit Card Transfers Can Be a Dangerous Game Manlius NY
- Credit Card Transfers Can Be a Dangerous Game Maspeth NY
- Credit Card Transfers Can Be a Dangerous Game Massapequa NY
- Credit Card Transfers Can Be a Dangerous Game Massapequa Park NY
- Credit Card Transfers Can Be a Dangerous Game Massena NY
- Credit Card Transfers Can Be a Dangerous Game Mastic NY
- Credit Card Transfers Can Be a Dangerous Game Melville NY
- Credit Card Transfers Can Be a Dangerous Game Merrick NY
- Credit Card Transfers Can Be a Dangerous Game Middle Village NY
- Credit Card Transfers Can Be a Dangerous Game Middletown NY
- Credit Card Transfers Can Be a Dangerous Game Mineola NY
- Credit Card Transfers Can Be a Dangerous Game Monroe NY
- Credit Card Transfers Can Be a Dangerous Game Monsey NY
- Credit Card Transfers Can Be a Dangerous Game Mount Kisco NY
- Credit Card Transfers Can Be a Dangerous Game Mount Vernon NY
- Credit Card Transfers Can Be a Dangerous Game Nanuet NY
- Credit Card Transfers Can Be a Dangerous Game New City NY
- Credit Card Transfers Can Be a Dangerous Game New Hartford NY
- Credit Card Transfers Can Be a Dangerous Game New Hyde Park NY
- Credit Card Transfers Can Be a Dangerous Game New Paltz NY
- Credit Card Transfers Can Be a Dangerous Game New Rochelle NY
- Credit Card Transfers Can Be a Dangerous Game New Windsor NY
- Credit Card Transfers Can Be a Dangerous Game New York NY
- Credit Card Transfers Can Be a Dangerous Game Newburgh NY
- Credit Card Transfers Can Be a Dangerous Game Niagara Falls NY
- Credit Card Transfers Can Be a Dangerous Game North Babylon NY
- Credit Card Transfers Can Be a Dangerous Game North Tonawanda NY
- Credit Card Transfers Can Be a Dangerous Game Nyack NY
- Credit Card Transfers Can Be a Dangerous Game Oakland Gardens NY
- Credit Card Transfers Can Be a Dangerous Game Oceanside NY
- Credit Card Transfers Can Be a Dangerous Game Ogdensburg NY
- Credit Card Transfers Can Be a Dangerous Game Olean NY
- Credit Card Transfers Can Be a Dangerous Game Oneonta NY
- Credit Card Transfers Can Be a Dangerous Game Orchard Park NY
- Credit Card Transfers Can Be a Dangerous Game Ossining NY
- Credit Card Transfers Can Be a Dangerous Game Oswego NY
- Credit Card Transfers Can Be a Dangerous Game Ozone Park NY
- Credit Card Transfers Can Be a Dangerous Game Patchogue NY
- Credit Card Transfers Can Be a Dangerous Game Pearl River NY
- Credit Card Transfers Can Be a Dangerous Game Peekskill NY
- Credit Card Transfers Can Be a Dangerous Game Penfield NY
- Credit Card Transfers Can Be a Dangerous Game Pittsford NY
- Credit Card Transfers Can Be a Dangerous Game Plainview NY
- Credit Card Transfers Can Be a Dangerous Game Plattsburgh NY
- Credit Card Transfers Can Be a Dangerous Game Port Chester NY
- Credit Card Transfers Can Be a Dangerous Game Port Jefferson Station NY
- Credit Card Transfers Can Be a Dangerous Game Port Washington NY
- Credit Card Transfers Can Be a Dangerous Game Potsdam NY
- Credit Card Transfers Can Be a Dangerous Game Poughkeepsie NY
- Credit Card Transfers Can Be a Dangerous Game Queens Village NY
- Credit Card Transfers Can Be a Dangerous Game Queensbury NY
- Credit Card Transfers Can Be a Dangerous Game Rego Park NY
- Credit Card Transfers Can Be a Dangerous Game Rensselaer NY
- Credit Card Transfers Can Be a Dangerous Game Richmond Hill NY
- Credit Card Transfers Can Be a Dangerous Game Ridgewood NY
- Credit Card Transfers Can Be a Dangerous Game Riverhead NY
- Credit Card Transfers Can Be a Dangerous Game Rochester NY
- Credit Card Transfers Can Be a Dangerous Game Rockaway Park NY
- Credit Card Transfers Can Be a Dangerous Game Rockville Centre NY
- Credit Card Transfers Can Be a Dangerous Game Rome NY
- Credit Card Transfers Can Be a Dangerous Game Ronkonkoma NY
- Credit Card Transfers Can Be a Dangerous Game Roosevelt NY
- Credit Card Transfers Can Be a Dangerous Game Rosedale NY
- Credit Card Transfers Can Be a Dangerous Game Rye NY
- Credit Card Transfers Can Be a Dangerous Game Saint Albans NY
- Credit Card Transfers Can Be a Dangerous Game Saint James NY
- Credit Card Transfers Can Be a Dangerous Game Saratoga Springs NY
- Credit Card Transfers Can Be a Dangerous Game Saugerties NY
- Credit Card Transfers Can Be a Dangerous Game Sayville NY
- Credit Card Transfers Can Be a Dangerous Game Scarsdale NY
- Credit Card Transfers Can Be a Dangerous Game Schenectady NY
- Credit Card Transfers Can Be a Dangerous Game Selden NY
- Credit Card Transfers Can Be a Dangerous Game Shirley NY
- Credit Card Transfers Can Be a Dangerous Game Smithtown NY
- Credit Card Transfers Can Be a Dangerous Game South Ozone Park NY
- Credit Card Transfers Can Be a Dangerous Game South Richmond Hill NY
- Credit Card Transfers Can Be a Dangerous Game Spencerport NY
- Credit Card Transfers Can Be a Dangerous Game Spring Valley NY
- Credit Card Transfers Can Be a Dangerous Game Springfield Gardens NY
- Credit Card Transfers Can Be a Dangerous Game Staten Island NY
- Credit Card Transfers Can Be a Dangerous Game Stony Brook NY
- Credit Card Transfers Can Be a Dangerous Game Suffern NY
- Credit Card Transfers Can Be a Dangerous Game Sunnyside NY
- Credit Card Transfers Can Be a Dangerous Game Syosset NY
- Credit Card Transfers Can Be a Dangerous Game Syracuse NY
- Credit Card Transfers Can Be a Dangerous Game Tarrytown NY
- Credit Card Transfers Can Be a Dangerous Game Tonawanda NY
- Credit Card Transfers Can Be a Dangerous Game Troy NY
- Credit Card Transfers Can Be a Dangerous Game Uniondale NY
- Credit Card Transfers Can Be a Dangerous Game Utica NY
- Credit Card Transfers Can Be a Dangerous Game Valley Stream NY
- Credit Card Transfers Can Be a Dangerous Game Vestal NY
- Credit Card Transfers Can Be a Dangerous Game Wantagh NY
- Credit Card Transfers Can Be a Dangerous Game Wappingers Falls NY
- Credit Card Transfers Can Be a Dangerous Game Watertown NY
- Credit Card Transfers Can Be a Dangerous Game Watervliet NY
- Credit Card Transfers Can Be a Dangerous Game Webster NY
- Credit Card Transfers Can Be a Dangerous Game West Babylon NY
- Credit Card Transfers Can Be a Dangerous Game West Hempstead NY
- Credit Card Transfers Can Be a Dangerous Game West Islip NY
- Credit Card Transfers Can Be a Dangerous Game Westbury NY
- Credit Card Transfers Can Be a Dangerous Game White Plains NY
- Credit Card Transfers Can Be a Dangerous Game Whitestone NY
- Credit Card Transfers Can Be a Dangerous Game Woodhaven NY
- Credit Card Transfers Can Be a Dangerous Game Woodside NY
- Credit Card Transfers Can Be a Dangerous Game Wyandanch NY
- Credit Card Transfers Can Be a Dangerous Game Yonkers NY
- Credit Card Transfers Can Be a Dangerous Game Yorktown Heights NY
Related Articles
- Credit Card Sleight of Hand: Payment Cut-Off Time New York
There was a time when credit card late fees ran between $5 to $10, and only rarely exceeded $15. And no, this wasn’t back in your grandfather’s days when the purchasing power of a penny was equivalent to a dollar (and credit cards, by the way, were non-existent). This was less than fifteen years ago.
- Credit Card Credibility New York
- Consolidating Your Debt New York
- Credit Card Junk Mail - The End of the Sweet Deals? New York
- Escaping Credit Card Debt New York
- Buying a Prepaid Credit Card New York
- Credit Card Interest Increases-Should You Opt out? New York
- Finding Perfect Bad Credit Company New York
- Credit Card Sleight of Hand: Weasel Wording New York
- Comparing Prepaid Credit Cards New York
Related Local Events
BIO CEO & INVESTOR CONFERENCE
Dates: 2/1/2010 - 2/1/2010
Location: Waldorf Astoria
New York, NY
View Details
Learn How to Reduce Your Credit Card Processing Expenses
Dates: 11/11/2009 - 11/11/2009
Location: Albany-Colonie Regional Chamber of Commerce
Albany, NY
View Details
Limited Partners Summit New York 2009
Dates: 6/23/2009 - 6/24/2009
Location: Grand Hyatt
New York, NY
View Details
21st Annual General Counsel Conference
Dates: 6/9/2009 - 6/10/2009
Location: New York Marriott Marquis
New York, NY
View Details
21st Annual General Counsel Conference
Dates: 6/9/2009 - 6/9/2009
Location: Marriott Marquis
New York, NY
View Details
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Construction Health Legal
Business Services Education Home Services Real Estate
Careers & Work Family Insurance Software
Cars Financial Services Internet Telecommunications
Computing & Technology