Comments on: 5 Types of Credit Card Users – Credit Card Company Perspective http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/ Money Management, Small Business, Career Wed, 10 Mar 2010 15:02:48 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/comment-page-1/#comment-18266 Ryan Thu, 21 May 2009 17:36:03 +0000 http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/#comment-18266 Cerebro, check out these articles: <a href="http://www.mydollarplan.com/what-is-credit-card-arbitrage/" rel="nofollow">What is Credit Card Arbitrage?</a> <a href="http://www.thesunsfinancialdiary.com/personal-finance/the-credit-card-arbitrage-game-making-money-from-balance-transfer/" rel="nofollow">Credit Card Arbitrage: Making Money from Balance Transfer</a> Cerebro, check out these articles:

What is Credit Card Arbitrage?
Credit Card Arbitrage: Making Money from Balance Transfer

]]> By: Cerebro http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/comment-page-1/#comment-18262 Cerebro Thu, 21 May 2009 15:53:43 +0000 http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/#comment-18262 Hello: I did not understand the 4th group, the Arboitragers; could Ryan or someone else explain how it works ??? Thanks Hello: I did not understand the 4th group, the Arboitragers; could Ryan or someone else explain how it works ???
Thanks

]]> By: Ryan http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/comment-page-1/#comment-1807 Ryan Thu, 11 Oct 2007 02:06:58 +0000 http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/#comment-1807 Punny Money, I'm sure you are a preferred customer at every credit card company! ;) I think the 5% offers may stay around awhile, but only for introductory periods. They are used to entice people to sign up and spend more money. Dave, These are the names I used, not something I took from cardweb.com or any other site. I agree with your second point, criminals ruin it for the honest people and drive up our costs, and drag down credit card company profits. Some people may say "screw the credit card companies, they deserve it," but I don't think that is the right answer. Besides, now that some of them have already or will go public, profits matter to a lot more people than they once did. Punny Money,

I’m sure you are a preferred customer at every credit card company! ;) I think the 5% offers may stay around awhile, but only for introductory periods. They are used to entice people to sign up and spend more money.

Dave,

These are the names I used, not something I took from cardweb.com or any other site. I agree with your second point, criminals ruin it for the honest people and drive up our costs, and drag down credit card company profits. Some people may say “screw the credit card companies, they deserve it,” but I don’t think that is the right answer. Besides, now that some of them have already or will go public, profits matter to a lot more people than they once did.

]]> By: Dave http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/comment-page-1/#comment-1802 Dave Wed, 10 Oct 2007 20:51:12 +0000 http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/#comment-1802 There seems to be some confusion in the names. According to cardweb.com & other sources the MAX Payer (# 1 above) is really known as a deadbeat in the credit card industry. This is b/c they make less profit from them. #3 (although a deadbeat in real life) is a criminal committing credit card fraud (possibly ID theft too), which is a felony in most states. They should be called what they are...Losers, Jackasses, A-holes, etc, b/c they screw it up for the honest people. There seems to be some confusion in the names. According to cardweb.com & other sources the MAX Payer (# 1 above) is really known as a deadbeat in the credit card industry. This is b/c they make less profit from them.

#3 (although a deadbeat in real life) is a criminal committing credit card fraud (possibly ID theft too), which is a felony in most states. They should be called what they are…Losers, Jackasses, A-holes, etc, b/c they screw it up for the honest people.

]]> By: Punny Money http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/comment-page-1/#comment-1798 Punny Money Wed, 10 Oct 2007 19:36:55 +0000 http://cashmoneylife.com/2007/10/10/5-types-of-credit-card-users/#comment-1798 I'm a Max Payer and Arbitrager. I pay with credit to earn 2-5% rewards, and I borrow tons at 0% to make free interest. I suspect all of the 5% reward cards for specialty categories will go away soon and be replaced with 3% cards since that's the approximate break even point for card issuers. I’m a Max Payer and Arbitrager. I pay with credit to earn 2-5% rewards, and I borrow tons at 0% to make free interest.

I suspect all of the 5% reward cards for specialty categories will go away soon and be replaced with 3% cards since that’s the approximate break even point for card issuers.

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