Comments on: Funding A New Bank Account With A Reward Credit Card For Arbitrage http://www.moneybluebook.com/funding-a-new-bank-account-with-a-reward-credit-card-for-arbitrage/ Personal Finance Beyond Credit Cards and Balance Transfers Wed, 08 Sep 2010 20:57:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Brent http://www.moneybluebook.com/funding-a-new-bank-account-with-a-reward-credit-card-for-arbitrage/comment-page-1/#comment-41308 Brent Wed, 19 Nov 2008 18:43:11 +0000 http://www.moneybluebook.com/?p=1831#comment-41308 There are two important pieces of information for doing balance transfer arbitrage that seem to be rarely disclosed up front by credit card offerors: 1. What is the minimum monthly payment (2%, 3%, 1/48th of balance, etc)? 2. What is the credit limit imposed? I have been able to get over $30,000 in credit at 0% from Citibank, but it required combining credit limits from multiple Citicard accounts. Now they charge a balance transfer fee so are off the list of useful offerors. I suspect the few remaining no-balance-transfer-fee offerors will be conservative in credit limits offered, meaning multiple accounts may be required, which means multiple account management issues. There are two important pieces of information for doing balance transfer arbitrage that seem to be rarely disclosed up front by credit card offerors:
1. What is the minimum monthly payment (2%, 3%, 1/48th of balance, etc)?
2. What is the credit limit imposed?
I have been able to get over $30,000 in credit at 0% from Citibank, but it required combining credit limits from multiple Citicard accounts. Now they charge a balance transfer fee so are off the list of useful offerors.

I suspect the few remaining no-balance-transfer-fee offerors will be conservative in credit limits offered, meaning multiple accounts may be required, which means multiple account management issues.

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