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Originally Posted by jdgay22
2 if you dont plan purchasing a car or house anytime soon. then this is the gold mine.......I have been doing this for 3 years now.
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Gold mine? lol
How much money have you actually made in the three years doing this? How much time do you have invested doing the research, applying for cards, transfering money, etc?
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Originally Posted by boefixepa
I do something similar and make a few hundred dollars a year doing it.
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A few hundred a year?? Is it really worth it? Having that risk? The risk of the CC company sticking you some other way? DR said it best. "Sure it might work but the CC companies are snakes and when you play with snakes you get bit." :-) Good 'ole simple logic...works every time.
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Originally Posted by boefixepa
If you always have the cash to pay them off then you arn't really in debt.
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hmmm....so, let's say I have $1000 total to my name and I have $500 in CC debt. By your logic, I am not in debt because I could take that $500 and pay it off at any time.
Well, let's say you are driving down the road with a big smile on your face because you have "beat the system" and then your transmission goes out. Bam. $950 to fix it.
Are you in debt now?
cbmeeks