A reader asked how much money I’ve gotten total from doing zero interest balance transfers and the bank, brokerage, and credit card bonuses I post about in my Deals and Offers section. Well, the 0% APR part is a bit difficult to calculate, but I would say easily over $1,000. It used to be tough, as I was borrowing at 0% but only earning 2.75% interest. Now you can get 4.25%, making the game much juicier.
As for the bank bonuses, I’ve never really added them up before, so I did a little mental rundown:
Credit Card Bonuses
Sony Card – $100
Charles Schwab – $150
Pending Right Now
Citi Professional Card – $100
Bank of America – $25
Total: $1391 (+$125 pending)
I know I’ve forgotten some, but this shows that these little bonuses add up. I’m actually thinking of making a Free Money portfolio, consisting of all my bonus money, and start investing it aggressively in various stocks and ETFs.
By Jonathan Ping | Deals & Offers | 12/24/05, 12:11am