Value Microcaps Motherboard

[stanu78]

Credit Card AOR. this is OT but I think related to the thread.

The moves that you guys described is called AOR (App-O-Rama) and it has been very popular the last couple years and in some ways hurting the credit card business profit.

Thankfully (from the bank perspective), there aren't enough people yet that done this mainly probbaly because of the hassle or the risk when someone forget paying the minimum payment on time that they will ended up getting fee or high interest which will cost the people money..

Some people manage to make $10,000 to $20,000 when the interest rate was still at 5%+.

I never did it because it is not worth it for me (not enough money. i.e. not everyone will make that much) and the credit score will get hurt until the loan are paid off.

A lot of students (college) were doing it to add income and I thought it is smart move (as they have time to manage the minimum payment and also they probably won't need their credit score to get a low rate mortgage etc for a while)

some variation are people who ended up investing the money in stock instead of the mney market but generally were not advised (some called them brave while some other called them stupid to risk the originally risk free plan)

more info about AOR. or type AOR in search engine and see many people who did that (plan, strategize and execute and provide updates and discuss it with fellow other AORers)

http://en.wikipedia.org/wiki/App-o-rama

Stan