Submitted by [deleted] t3_yhvbah in personalfinance
vynm2 t1_iug1tsg wrote
Reply to comment by Its-a-write-off in Credit building loophole. by [deleted]
u/ShimonaLisa, Its-a-write-off is correct.
As a cash advance:
- they get charged the cash advance fee,
- they start accruing interest right away, and
- 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."
Viewing a single comment thread. View all comments