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Old 09-19-2017, 11:57 PM   #7 (permalink)
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Originally Posted by redpoint5 View Post
During the no interest period, they monetize the credit and place the money in a safe, interest-bearing account such as a rewards checking account. At the end of the free interest period, the card is paid off in full, the investment interest is kept, and the process is repeated.
So where do you find a checking account that pays more than token interest these days?

But I've been doing the 0% interest credit card thing since '08, one card at a time. Spending goes on the current card, which is paid off just before the 0% period expires, when I get another 0% card. Meanwhile the money I'd normally spend to pay the card in full each month sits in an index fund.
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