Archive for the ‘Investing’ Category
roywlogan asked:
For example, I have two credit cards. I’d withdraw my max limit from 1 card and deposit into a high yield money market account. Every 21 days I’d pay off one card with the other.
Verlie Goldfield
For example, I have two credit cards. I’d withdraw my max limit from 1 card and deposit into a high yield money market account. Every 21 days I’d pay off one card with the other.
Verlie Goldfield
NikB asked:
I want to improve my credit score. I’m not sure if I should pay all of my credit cards off completeley or just reduce the balances and pay a little bit on them each month.
Miquel Mccarn
I want to improve my credit score. I’m not sure if I should pay all of my credit cards off completeley or just reduce the balances and pay a little bit on them each month.
Miquel Mccarn
Michael P asked:
Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.
Devorah Beau
Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.
Devorah Beau