Archive List for Credit Cards

Credit Limit 101

Credit Cards

Continue from previous post Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think you are supposed to charge your monthly expenses and […]

Balance Transfer 101

Credit Cards

Recently a reader Evan asked the following question in a blog comment: Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think […]

Discover Price Protection

Credit Cards

Discover Price Protection Discover will refund the difference up to $500 on eligible items if you find a lower price at any store within 90 days of purchase. It applies to eligible items at any store so long as you used your Discover card for the entire purchase. There is a reimbursement limit of $500 […]

Cross Account Balance Transfers

Credit Cards

Cross-Account Transfers Generally electronic funds transfers between different account owners are not allowed. However, banks rarely verify the account owner of the target account. In some cases, banks take additional due diligence when the amount is over certain threshold (i.e. $100,000). But most of the time, cross-account ACH works without any problem. Balance Transfer Results I […]

Bank of America Closed All Credit Card Accounts

Credit Cards

Today I received letters from Bank of America stating that they are closing my credit cards. As a result of a recent review, we’ve closed your above referenced account because there are too many accounts with balances and you currently owe sufficient amounts on your revolving lines of credit. Bank of America closed 4 credit […]

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