Your comments - funding a new bank account with a reward credit card for arbitrageLatest responses to “Funding A New Bank Account With A Reward Credit Card For Arbitrage”Copyright 2013, MoneyBlueBook.comBrent says: 4123602008-11-19T14:43:11-08:00BrentThere 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.