Free Money For Cards

ajw

I hope this doesn't piss anyone off...I'm only posting because it's a good deal.

I just signed up for an ING Direct online savings account. They pay 4.5% interest and you get $25 free for signing up (with a $250 deposit). No fees or minimums at all. (the interest rate varies but has been going up steadily in recent months.)

PM me if you're interested and I'll send you an invite so you get your free money. (full disclosure: I get $10 too, but it really is a great program)

Again, I'm sorry if this upsets anyone. I'll delete this post if it's a problem. (I'm posting this with the best intentions, as it's nice to get 4.5% on a savings account and $25 is $25.)

(include your email address in your PM and I'll send the invite.)

Drew

Ladder7

if you knock over a 7-11, they keep a minimum of $50 in the register.

kcballboy

I openend up a savings account with them last January and I love it. I think it started about 3.25 % and like you said I'm up to 4.5%. The only pain is if you want to transfer money out, it immediately comes out of ING but takes the 2-3 days to go into an outside account, so there's that short period of time where your money is in checking/savings purgatory and you aren't earning any interest.

VintageJeff

I opened one with them along time ago I love the emails i get frequently with the raises of the intertest rate.

Alfonz24

What are you doing with extra cash?? BUY MORE CARDS!

envoy98

We've had an ING account for a while, and it's great. It started at 3.25% when we originally opened it and it just keeps going up. My wife has her direct deposit set to put a small deposit in there every pay period as well. Getting money out takes about 3 days (similar to paypal).

On a side note; if anyone is interested HSBC Direct is currently offering 5.05% savings account, I think it's a $25 minimum deposit. I have a credit card with them (Best Buy) and they sent me some promo lit on it. I have not used it yet but I am going to look into it.

If you are interested, here is a link.
HSBC Direct - Link

-Josh

DeutscherGeist

I second ajw's offer. I have an ING account too and its the best thing going. I urge everyone to have one especially with this special promotion going on. This is totally legit.

I had a savings account for quite awhile. Its time to just put it on a CD account which has an even higher return. ING is internet banking so you will need a checking account to electronically transfer money to and fro. I think its a good idea to set up monthly withdrawals from the checking account to be put into the savings. The money will add up quick, so I am going to look into this too.

5STAT

I work with a group of local investors that pay 40% interest per year!! $5K minimum though..and they only take a few clients a year.

Simply put, they give 10% per quarter...and there's an option to pull your $$ out at 6 months...

If you go the entire year you get $2,000 interest back as well as your $5K on the 1 year anniversary. (or $1,000 per quarter on a $10K note)

They flip the money several times throughout the year..to build their business..so they can make the big interest payments.

Only problem...it's locked in for a year. If you decide to get out at 6 months...you still get the $5K back..as well as your 2 checks for $500 interest. But that's the ONLY time you can pull it within the year...or you have to wait to the anniversary date to get your funds.

Pittfan

Heck Paypal is paying 5.02%

DeutscherGeist

5Stat,


Are you serious with that offer? 5K is not a lot of money to spare up, but I gotta ask what the catch is?

Dealing with ING, Washington Mutual and Citibank are safe bets with the FDIC insurance and all that stuff. This is why I do it. If there were better things, I go after those as well. For example, buying a case of 2006 Bowman Baseball Draft Picks and Prospects for $650 is a good investment, but no one can say for sure it will reach $1000 at the end of the year. Besides, at least you have something in your hands. Giving $5K to a group of unknown investors does not sound safe to me, but I guess I have to do more homework.

You piqued my interest though.

5STAT

It's a real deal...no catches and goes through a lawyer here in MA...he draws up the contracts and oversees the process.

For me, it was simple....take the $5K...and buy material for online and shows. Flip it...and pay off the $500 interest for the quarter....repeat process as many times as possible through the year. My last deal turned $5K into $13K within 3 months....so to have to pony up $2K back into interest....not a problem.

It's simply about building inventory and stock with OPM (other peoples money).....

People ask...whu not just put it on a credit card then....

Because the time it takes to flip adds interest to the whole balance of the card.....and I don't know too many dealers that pay off their balances every month. SO....it takes more diligence to have to make the payments. Also, you have to make the monthly payments to the credit card...you're actually taking money back out of the process...that you need to continually flip in order for the process to be effective.

earlycalguy

would this work?

- paypal usually has no interest or payments for 6 months or so. my wife and i each have a paypal and ebay account. I list something on ebay for $10k or 5k whatever. my wife buys it and uses paypal no interest/no payments to pay for the item. i get the 5 or 10k from paypal and I use the money for 6 months. my wife then sends paypal the money back when it's due in 6 months - paying no interest on the money

DeutscherGeist

EarlyCalGuy,

I believe your plan will work!

I took advantage of the 0% interest balance transfer offer from one of my cards. They deposited over $30,000 into my checking account. Sure there was a $75 fee and I had to make $200 payments per month to pay down the principal, but that was all nothing compared to what interest I was getting for $25,000 on a CD account. Once my 1 year no interest was about to expire, my CD matured and took out the money to pay off the credit card balance. As you can imagine there was significant money still left over because of the interest I was getting. This was an easy way to make money just by flipping and shuffling things around.

blindflyer

<< <i>
I took advantage of the 0% interest balance transfer offer from one of my cards. They deposited over $30,000 into my checking account. Sure there was a $75 fee and I had to make $200 payments per month to pay down the principal, but that was all nothing compared to what interest I was getting for $25,000 on a CD account. Once my 1 year no interest was about to expire, my CD matured and took out the money to pay off the credit card balance. As you can imagine there was significant money still left over because of the interest I was getting. This was an easy way to make money just by flipping and shuffling things around. >>



The shell game with credit card companies does indeed work like a charm ----- that is until you need to buy a house or something. Your FICO score gets hammered when you open/reopen/close/shift multiple credit lines. A continued pattern like this can really hurt your credit score --- which, in my opinion, is the single most important thing you can have when it comes to making real money.

just my 2 cents.

-Tom

lawnmowerman

<< <i>would this work?

- paypal usually has no interest or payments for 6 months or so. my wife and i each have a paypal and ebay account. I list something on ebay for $10k or 5k whatever. my wife buys it and uses paypal no interest/no payments to pay for the item. i get the 5 or 10k from paypal and I use the money for 6 months. my wife then sends paypal the money back when it's due in 6 months - paying no interest on the money >>



Sounds like a quick way to get some funds. Even though your wife doesnt pay any interest, you will get hammered by paypal fees

Southerncards

pm sent