New twist on credit card arbitrage

For those of you who get a secret thrill out of arbitrage schemes, here’s a new one involving frequent flyer miles.

I’ll admit I’m too chicken to actually do this since I fear I’d forget to cancel a card or worse, my credit score would plunge and I’d be screwed for years (although the author supposedly monitored his score and it was fine).

But if any readers have the cajones to do this let us know so we can give you the kudos you deserve…and hit you up for a free airline ticket or two.

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