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Joined 1 year ago
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Cake day: July 1st, 2023

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  • Yeah, it’s pretty much the idea of kiting but without intention for scamming/lying - just hoping to take advantage of the difference in how interest is applied to debt without breaking the law.

    Considering there is still risk involved (bank/CC get paid either way, and miss timing the transaction results in interest payments to them) its more of a risk tolerance approach than scam/fraud, but I don’t doubt the Bank’s diligence in protecting their assets.

    Hopefully they can do a debt consolidation, and get a better rate, but with interest rates where they are I am not sure it would be much better than line of credit