Comments on: Another Form of Credit Card Arbitrage http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: db http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90486 db Sun, 01 Apr 2007 22:08:38 +0000 http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90486 This is really against the idea of the HSA, like others have noted. I have a better idea: if you really want to make some extra money, go get a second part time job and quit trying to game the system. It seems like folks are expending an awful lot of energy running these little schemes for an extra $100 here and there. db This is really against the idea of the HSA, like others have noted.

I have a better idea: if you really want to make some extra money, go get a second part time job and quit trying to game the system. It seems like folks are expending an awful lot of energy running these little schemes for an extra $100 here and there.

db

]]> By: Posts I Enjoyed Last Week - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90478 Posts I Enjoyed Last Week - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time Sun, 01 Apr 2007 19:30:30 +0000 http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90478 [...] at Consumerism Commentary offers Another Form of Credit Card Arbitrage by taking advantage of Health Savings Account (HSA). And, you can indeed profit from HSA and [...] [...] at Consumerism Commentary offers Another Form of Credit Card Arbitrage by taking advantage of Health Savings Account (HSA). And, you can indeed profit from HSA and [...]

]]> By: Jeremy Bettis http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90363 Jeremy Bettis Fri, 30 Mar 2007 17:21:39 +0000 http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90363 That seems like a lot of trouble for less than $20. And if you make any mistake, you loose every gain. One late payment fee and that wipes out all your profits. Besides, in any case, HSA accounts pay interest (normally). So just wait until the last minute to pay the doctor bill and accomplish the same thing. I am earning 2.96% in my HSA account and don't have any danger of late fees or anything else. That seems like a lot of trouble for less than $20. And if you make any mistake, you loose every gain. One late payment fee and that wipes out all your profits.

Besides, in any case, HSA accounts pay interest (normally). So just wait until the last minute to pay the doctor bill and accomplish the same thing. I am earning 2.96% in my HSA account and don’t have any danger of late fees or anything else.

]]> By: avidlurker http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90355 avidlurker Fri, 30 Mar 2007 12:53:32 +0000 http://www.consumerismcommentary.com/2007/03/30/another-form-of-credit-card-arbitrage/#comment-90355 My HSA's have always been reimbursement plans. You need to prove that you had already paid, not that you owe. My HSA’s have always been reimbursement plans. You need to prove that you had already paid, not that you owe.

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