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sonnyfab t1_iufw293 wrote

Reply to comment by ShimonaLisa in Credit building loophole. by [deleted]

I find it unlikely that you can make as many deposits as you want and get CC rewards with 0 fees. But whatever. Good luck.

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Its-a-write-off t1_iufxhp5 wrote

They treat it as cash advances, not as a credit card charge.

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vynm2 t1_iug1tsg wrote

u/ShimonaLisa, Its-a-write-off is correct.

As a cash advance:

  1. they get charged the cash advance fee,
  2. they start accruing interest right away, and
  3. they don't earn any points or other rewards.

So, what you're proposing isn't really a good idea, and it's definitely not going to be "free."

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