Best Savings Accounts » Saving Money Advice http://www.bestsavingsaccountsreviews.com Thu, 25 Sep 2008 15:12:20 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 What Is Credit Card Arbitrage? http://www.bestsavingsaccountsreviews.com/saving-money-advice/what-is-credit-card-arbitrage/ http://www.bestsavingsaccountsreviews.com/saving-money-advice/what-is-credit-card-arbitrage/#comments Thu, 25 Sep 2008 15:12:20 +0000 nittany http://www.bestsavingsaccountsreviews.com/?p=10 This article will explain what is credit card arbitrage.  While this site focuses on finding the best savings accounts, the ultimate goal is learning how to save more money.  By using credit card arbitrage, you can make more money to increase your savings.

Definition of Credit Card Arbitrage -

So, let’s get to it.  Credit card arbitrage involves borrowing money from low interest credit cards and then saving that money in a higher interest savings account.  If you can borrow $10,000 from a zero interest credit card, you can put that money in one of the best savings accounts and earn a 4% savings interest rate you can earn $400 in a year off of that $10,000.  That is the definition of credit card arbitrage.

I hope that this article on what is credit card arbitrage helps you to save more money.

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