Savings/investments/bonds Master Thread.

[sam2015]

I’m not sure this belongs here but I’ll ask it anyways. If I have a 20k purchase to make over the next few months, does it make sense to open a new credit card with 0% APR while buying a 1 year treasury with that 20k I would have used to pay it off? I will be earning upwards of 5% on that cash. Yes, I know my credit score may drop significantly, but it would only be temporary or I can open a business card instead.

[CountValentine]

I am doing that now with the Chase Ink business cards. You can open more than one for the SUB.

[ExGingi]

I’m not sure this belongs here but I’ll ask it anyways. If I have a 20k purchase to make over the next few months, does it make sense to open a new credit card with 0% APR while buying a 1 year treasury with that 20k I would have used to pay it off? I will be earning upwards of 5% on that cash. Yes, I know my credit score may drop significantly, but it would only be temporary or I can open a business card instead.

How do you plan on converting the 0% APR into investable cash?

[sam2015]

How do you plan on converting the 0% APR into investable cash?

By not paying the credit card for my purchases = more cash in my account

[drosenberg88429]

How do you plan on converting the 0% APR into investable cash?

Take the money he would've used to pay off the CC bill and use it to buy T notes.

[CountValentine]

How do you plan on converting the 0% APR into investable cash?

On Ink I charge 6k to get SUB. I pay the minimum each month and the rest (that I would pay off the balance) in T-bills. Not much but even low hanging fruit tastes good.

[incendia]

My apologies, I chose Fidelity because they have a bigger bonus (for under 25k)

Transfer your whole account and get both bonuses

[CountValentine]

...use it to buy T notes.

T-bills - 1 year or less
T-Notes - 2 to 10 years
T-Bonds - 20/30 years
Think I have that right. 

[CountValentine]

Transfer your whole account and get both bonuses

Probably need to keep the funds for x amount of days in the account.

[incendia]

I’m not sure this belongs here but I’ll ask it anyways. If I have a 20k purchase to make over the next few months, does it make sense to open a new credit card with 0% APR while buying a 1 year treasury with that 20k I would have used to pay it off? I will be earning upwards of 5% on that cash. Yes, I know my credit score may drop significantly, but it would only be temporary or I can open a business card instead.

This was the beginning of churning and MS, even before points.

[CountValentine]

This was the beginning of churning and MS, even before points.

Close but probably the 5x-7.5x cards started it.
It was nice. Had about 2k/mo interest from 0% NBTF offers.

[drosenberg88429]

This was the beginning of churning and MS, even before points.

Lol, yup. Great call. Bonuses were lower, but interest rates were higher than 5% then (and banks would give out large credit lines pretty easily).

[sam2015]

This was the beginning of churning and MS, even before points.

Interest rates are now the highest since 2007 so it is starting to make sense again.

[CountValentine]

Interest rates are now the highest since 2007 so it is starting to make sense again.

Actually it is free money even at lower interest rates. The problem is the 0% NBTF are not what they use to be.
Also, many got in big trouble because they did not have the funds to pay off the balance when 0% ran out.

[ExGingi]

Actually it is free money even at lower interest rates. The problem is the 0% NBTF are not what they use to be.
Also, many got in big trouble because they did not have the funds to pay off the balance when 0% ran out.

Talking about free money, anyone doing Fidelity Bloom?

The $50 SUB might be gone but still giving away free money in various ways. Also, while minors aren't eligible for Fidelity Bloom, IINM Fidelity gives $80 SUB for opening an account for a minor.

[CountValentine]

Talking about free money, anyone doing Fidelity Bloom?

Interesting. 10% match on first 300. The $50 SUB is still there. Wonder if you get both?

[ExGingi]

Interesting. 10% match on first 300. The $50 SUB is still there. Wonder if you get both?

My family members got both for the accounts that qualified. (It was basically free $86 just for moving $300 into Fidelity Bloom Save, and clicking on some activities on the Bloom app).

Unfortunately for my own account (unlike other family members) I made the mistake of funding it from an existing Fidelity account, so I missed the SUB. But I did get other free money, such as $1 per $10 charge on the debit card (now it's down to $0.10, but you get that amount also on a $0.50 Amazon reload). And still giving 5% match on savings beyond the first $300 (and both Spend and Save accounts aren't 0% checking accounts, but rather Money Market funds, and while not the highest yielding, 4.2% on a spending account is nothing to sneeze at).

[CountValentine]

No need to switch to 1 year t-bills as of now.
https://www.fidelity.com/news/article/top-news/202303031316RTRSNEWSCOMBINED_KBN2V51IO-OUSBS_1

[CountValentine]

26-week T-bill 5.18% for today's auction.

[Yo ssi]

26-week T-bill 5.18% for today's auction.

Where is it shown?

The price was $97.4874, is there an easy way to calculate?