Archive for June 24th, 2009
Daily Archive
Wednesday, June 24th, 2009
Credit Card Arbitrage Being Stomped Out By Transfer Fees; Effectively Dead
According to Bloomberg, Chase will up their balance transfer fee to 5% and with Advanta shutting down their credit card division and banks continuing to cut credit lines, it looks like credit card arbitrage is effectively dead and I suspected as much back in October 2008 but was hoping for a turn around. The math […]
1 Comment » - Posted in Credit Cards by RichSlick
Wednesday, June 24th, 2009
Lessons Learned During Unemployment: Generics
During my unemployment phase in life, I cut back on nearly every expense and this included not going to Costco. I’d easily spend $1000 per month at Costco on wine, fish, and other great food but with a bleak uncertain future I opted to skip shopping there. Instead I opted to experiment and try some […]