
- UID
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- 2011-7-11
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- 2014-8-7
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I've occasionally bought computer equipment with 6 month or 1 year free financing. Then taken the cash I would have paid for the product and put it in a high yield savings account. Then paid the bill just before it's due.
It works, but I'm not really sure the stress of remembering to jump through all the hoops is worth the trouble for an extra 1% on a few hundred or thousand dollars. 1% = $10 per $1000 of principal over the course of a year.
Some cards have 0% interest but minimum monthly payments you have to make. One mistake, and they'll whack you with 18-25%, sometimes retroactively. It's definitely not arbitrage, because true arbitrage is risk-free. It's a game of "can I pay you $10 for time to invent a silly excuse to get you to pay the penalty rate." |
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