By rolling over, I mean what you’re thinking about doing at the end of year. If another card is available, flip it to that so you can use it again for another year “free”.
So far, you aren’t doing what the others are doing. You’re doing just the initial arbitrage. How you turn out will depend on how good you are at managing your 0% end date.
You’re grabbing a free $1200-$1300 on pretty much a one shot deal. Basically if nothing is available in the last month, you’ll hopefully close out before it kicks to regular credit card interest with $23K on it. So, yeah, seems like an easy $1000 or so. but…
As you said, lots of tricks, and I suspect when people juggle multiple cards, use auto-pay, to carry and transfer between several cards to keep it going year to year. I suspect the oopsie, looks like 0% expired last month, or the ah, I missed the xfer fee to catch up…
In your case, if you walk away, after Fed and Cali taxes, you’ll probably bring home an extra $70/month or so.
hey, $70 is $70. I can understand. I’m talking more about the person has $25K spread on three cards to do it. Six balance xfers a year to keep rolling forward, 36 monthly minimum payments, to do what? Make $100/month before taxes?