Row 39611

Row ID: 39611 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 39611 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

You know how some credit cards offer 0% interest for X number of months when you join?

What is to stop you from opening the card, liquidating $20k in cash advances (if they don't allow that, then say we'll buy gold bars on the card and just resell them for cash), put the cash in something low-ish risk for 12 months (CD etc) and earn 5% = $21k and then go pay back the credit card before any interest comes due?

True it's only 1k over the course of a year but it's free money. Can this be done? Why not?

FieldValue
text You know how some credit cards offer 0% interest for X number of months when you join? What is to stop you from opening the card, liquidating $20k in cash advances (if they don't allow that, then say we'll buy gold bars on the card and just resell them for cash), put the cash in something low-ish risk for 12 months (CD etc) and earn 5% = $21k and then go pay back the credit card before any interest comes due? True it's only 1k over the course of a year but it's free money. Can this be do…
label r/wallstreetbets
dataType post
communityName r/wallstreetbets
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1MdVMwcHEzdWFMLXVTR3ItLVhvdE9TXzd1MFlaZm45Q29mRlVQRGF0T21WbjNwN3pUYlkzMGxEQVdMTlMwNkdBbGFmbWJzMm51Z1VicFdvbmR6VlpldGc9PQ==
url_encoded Z0FBQUFBQm5Lak9iU1dYaUhmbDMyVVZ3OEowSTMtTVUtMU95bk40VGw3VGhvZWJqZUFBWUVSRmZuVkRFcWpobV9WcWdWeDYtTFh0ZDV3R2FQYUx4Z1Jab3RjcVNsNU05WlR0UEt4TDFzNzduVTM2dWd6UVNrWi1DVlNxWFlTRnMzZDRiZUQ0Q3dVVENianphU0NtRkVsN2tESWdEV1g2dzZoTTVZalhTRDFJY3N3WjZsY0pVdjdEdDZqeWtZWmtKNG8xTjJkMUZUbnp5

Raw Record

{
  "text": "You know how some credit cards offer 0% interest for X number of months when you join?\n\n  \nWhat is to stop you from opening the card, liquidating $20k in cash advances (if they don't allow that, then say we'll buy gold bars on the card and just resell them for cash), put the cash in something low-ish risk for 12 months (CD etc) and earn 5% = $21k and then go pay back the credit card before any interest comes due?\n\n  \nTrue it's only 1k over the course of a year but it's free money. Can this be done? Why not?",
  "label": "r/wallstreetbets",
  "dataType": "post",
  "communityName": "r/wallstreetbets",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1MdVMwcHEzdWFMLXVTR3ItLVhvdE9TXzd1MFlaZm45Q29mRlVQRGF0T21WbjNwN3pUYlkzMGxEQVdMTlMwNkdBbGFmbWJzMm51Z1VicFdvbmR6VlpldGc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9iU1dYaUhmbDMyVVZ3OEowSTMtTVUtMU95bk40VGw3VGhvZWJqZUFBWUVSRmZuVkRFcWpobV9WcWdWeDYtTFh0ZDV3R2FQYUx4Z1Jab3RjcVNsNU05WlR0UEt4TDFzNzduVTM2dWd6UVNrWi1DVlNxWFlTRnMzZDRiZUQ0Q3dVVENianphU0NtRkVsN2tESWdEV1g2dzZoTTVZalhTRDFJY3N3WjZsY0pVdjdEdDZqeWtZWmtKNG8xTjJkMUZUbnp5"
}
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