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/biz/ - Business & Finance

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10833328 No.10833328 [Reply] [Original]

Anyone here buying crypto on 0% interest credit cards.

I have around $60,000 on various 0% credit cards that I invest in vanguard funds.

Who else is making money this way?

>> No.10833364
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10833364

>>10833328

>> No.10833373

Never bought anything on credit but this sounds like a good shout, was meant to do something similar with student loans

>> No.10833767

I know a guy that started a company this way. Cash advance and musical chairs on the balance. It's effectively an interest free loan with a lethal deadline you have to meet.

>> No.10833920

>>10833328
I actually got a new credit card and got 1k USD worth of cash advance to buy NKN. I hope to get my student loan soon enough too.

>> No.10833932

>>10833328

Don't fuck around with shitcoins through credit card debt. Jesus Christ.

>> No.10834799

>>10833932
I am not buying shitcoins just vanguard funds like total bond fund.

>> No.10835046

How do you buy funds with a credit card?

>> No.10835121
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10835121

Nigger every 7th grader learns about stocks on margin. Don't do that you moron.

>> No.10835193

>>10835046
You can do it two ways.

1. Use a balance transfer offer and put the money in your bank account then buy stocks. Usually there is a fee around 2 or 3%.

2. Get a 0% purchase apr credit card. When you make purchases pay the minimum each month then buy stocks with the remainder. At the end of the year transfer debt with a balance transfer or pay off what you owe.