Credit card kiting

In order for prosecution to occur in a credit card kiting scheme, a bank must prove intent to deceive.

In theory, this enables the endless transfer of balances between cards, and since so many offers are available, this could be carried out for a long period of time.

But many banks now have become aware of this practice, and introductory rates are offered only a limited number of times.

[2] In this case, the kiter is delaying legally due balances, and potentially, interest payable to the credit card bank.

In this case, the kiter is delaying legally due balances, and potentially, interest payable to the credit card bank; or, in the cited extreme case, using the credit card proceeds to earn interest at both banks' expense.