Strategy

For the 3rd round of credit card arbitrage investment strategy, I am going to invest in YieldStreet for long-term and high-yield litigation portfolio. In theory, a 13% ROI over 12-months with a borrowing cost of 3% will generate 10% profit.

Total Balance Transfers: $202,970

Date Credit Card Promotion Cash Balance
01/13/2018 Discover More 13m/0%/2% $18,000 $18,360
01/21/2018 Chase Slate 16m/0%/0% $11,970 $11,970
02/06/2018 U.S. Bank Cash 365 American Express 15m/0%/3% $24,000 $24,720
02/10/2018 Alliant Credit Union Visa Platinum 12m/0%/0% $20,000 $20,000
02/11/2018 Chase Ink Business Cash 12m/0%/2% $10,000 $10,200
02/13/2018 Discover it 12m/0%/3% $18,100 $18,643
02/13/2018 NFL Extra Points 15m/0%/3% $9,700 $9,991
03/01/2018 Citi ThankYou Preferred 15m/0%/3% $26,200 $26,986
03/06/2018 Bank of America Cash Rewards 11m/0%/3% $19,400 $19,982
03/08/2018 Citi Double Cash 8m/0%/3% $26,200 $26,986
03/30/2018 Bank of America BankAmericard 18m/0%/3% $19,400 $19,982
Total 12.86 months, 0% APR, 2.39% fee $202,970 $207,820

I’ve transferred a total balance of $202,970 from 11 different credit cards. The cost of borrowing was 2.39% or $4,850 for 12.86 months.

Return On Investment (ROI): 11.27%

Description Net Profit/Loss Net Return
Law Firm Financing VII (YieldStreet) $27,733 13.66%
Balance Transfer Fees ($4,850) (2.39%)
Total Return On Investment $22,883 11.27%

An estimated return on YieldStreet investment over 12.86 months is 13.66%. After subtracting the balance transfer fees, my estimated ROI for this round is 11.27%.