Previously I wrote that I was trying to get money at 0% from a credit card offer and use it to invest (ok, put into a high interest CD) and make money. After reading how others do it, I thought I should experiement with this as well. Today the refund check arrived from the other CC company I had the money transferred to. It wasn't the amount initially transfered, but less about $150. I suspect that was my outstanding balance on the credit card. As far as I am concerned, that's a wash, so I really don't care about it, though I will check my account online to make sure.
Now I need to do some research on local banks and their CD rates so I am ready to move on Saturday. I know there are a couple banks giving about 5% nearby.
I'll be happier when I am not carrying this check around anymore. Then I can just watch it earn interest.
The check arrived
May 9th, 2006 at 02:20 am