s**n
发帖数: 425 | 1 Sharing a great deal that is dying. You can either jump on board now to get
some $$ out of it or apply the idea for other potential deals. My intention
is the latter. I will focus on sharing the concept instead of every single
detail. You can easily figure out the details with googling once you get the
concept. The other reason I don't want to spell out every single detail is
that some folks on this board are greedy and fearless. Some may take the
risks without understanding the consequences, and end up in bad places.
The idea is still buying money with money and get cash back. What you need
is a US Bank Cash+ card and some money to invest. The outcome is double
digit return for your money.
The thing you need to learn about is Kiva. This is a place where you lend
money to poor money without charging interest. (Frequent Miler(blog) wrote a
lot about it that you can/should read.) You can use credit card to pay to
Kiva, and use paypal to get $$ when it's paid back, and earn cash back in
the process.
Let me lay out some parameters:
1. On average, the default rate of the loans is about 1%. You can do better
than that by selection. Consider this as the cost. You should get tax credit
for the money you lose by claiming it charitable donation, which is
legitimate. Let's pretend 40% is your marginal tax rate for federal and
state combined for simplicity.
2. The loans have different terms. There are plenty available at 6 months
term. You will start to get money on 2nd or 3rd money. So on average, the
term is ready 4-5 months.
3. You can get cashback from credit. Kiva is coded as charity by many.
Charity is a 5% category for Cash+. The category doesn't seem to go away.
4. You can get additional 0.5% from Cash+ if you have their top tier
checking.
5. By 3/31, you get additional $25 when you redeem every $100 of cashback.
This is gone in Q2.
Add everything up, I am getting 6.275% return on a 6-month loans. In annual
term, this equates to over 15% return. (I am assuming you get your money
back in 5 month on average for a 6 month loan, which is quite conservatice.)
When $25 for $100 redeeption goes away after 4/1, the return drops to about
12%.
US Bank will apply a $2000 cap to 5% earning starting in Q3 (sounds like it)
. So this will come to an end volume wise. But the idea still applies as
there are other opportunties like this, just not as lucrative. | s**n
发帖数: 425 | 2 BTW, I got about $900 cashback in my first billing cycle with about 16k kiva
spending. It will turn to $1125 with the still alive $25 per $100
redemption promotion | c********l
发帖数: 8138 | | d**j
发帖数: 5290 | 4 为了一点cb去碰这种p2p借贷投资，呵呵
get
intention
the
is
【在 s**n 的大作中提到】
: Sharing a great deal that is dying. You can either jump on board now to get
: some $$ out of it or apply the idea for other potential deals. My intention
: is the latter. I will focus on sharing the concept instead of every single
: detail. You can easily figure out the details with googling once you get the
: concept. The other reason I don't want to spell out every single detail is
: that some folks on this board are greedy and fearless. Some may take the
: risks without understanding the consequences, and end up in bad places.
: The idea is still buying money with money and get cash back. What you need
: is a US Bank Cash+ card and some money to invest. The outcome is double
: digit return for your money.
| f**********n
发帖数: 3081 | 5 us bank 2000 cap
【在 c********l 的大作中提到】
: 标题中的“dying”体现在哪儿？
| s**n
发帖数: 425 | 6 there will a quarterly 5% earning cap like chase freedom, citi div and
discover more/it. so only $100 cb a quarter
【在 c********l 的大作中提到】
: 标题中的“dying”体现在哪儿？
|
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