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      10-25-2007, 01:19 PM   #7
CnoteMD
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Drives: 2008 BMW 535i
Join Date: May 2005
Location: Atlanta, GA

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Garage List
2008 M5  [0.00]
2006 330i  [0.00]
I used to be the credit card company's worst nightmare; I have very high available credit lines, but never carried a balance that would generate much interest income for them. For about 3 years straight, I would typically carry about $25-50k in credit card balances, but at 0% rates. Since it was short term money, I typically, just put it into money market funds (not the greatest return, but extremely low risk).

Until recently, the balance transfer fee was capped at $50-75, but I would usually net at least $2-3K in income. Now that many cards have adopted a straight 3% fee (no cap), I have reduced my balances to $0.
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2008 BMW 535i Space Gray, Black Leather, Dark Bamboo Trim| Sport Automatic with Paddles | Sport Package
2008 BMW M5 (gone, but not forgotten) Space Gray, Silverstone Merino Leather, Madeira Walnut Wood Trim | 7speed SMG | All options
Mods: Corsa Exhaust | RPI Ram Air Intake | H&R Sport Springs | Rogue Engineering 12mm spacers
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