Just got my 9% reward from my USDC at Voyager for March. So far, no indication that reward is going away.
In February, I took out a $5,000 personal loan at 4.49% for 2 years with Sofi for their $600 bonus. I was going to pay it off early to pocket a net bonus of ~$580. But instead I have moved that $5,000 into Voyager USDC. Assuming it stays at 9% (which I don’t assume it will, but for now that’s the only number I can use), over 2 years the loan will cost $237 in interest, but make $474 at Voyager. Since I already took the hit to my credit for the $600, might as well keep it going for the additional $237.
Now I have to decide if that is worth doing for a 0% credit card. It would take a few months to get a balance up to $5k, but I could presumably keep it going past $5k and maybe get to $15k in 6 months. And it would be 100% profit instead of 50% like the Sofi loan. But it would also only be 1 year instead of 2 (more like 11 months because I’d pay it off early instead of worry that I’d hit the day where they start charging 27%). Another factor is, when do I think Voyager will start lowering their reward rates.
I think I’ll check existing cards I currently have to see if any of them are offering a 0% promo rate first, then move on to see if anything is paying an opening bonus and offering 0%.