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re: Just got a rewards CC.. what are the best ways to get to your intro rewards goal?
Posted on 3/27/24 at 1:01 pm to Jag_Warrior
Posted on 3/27/24 at 1:01 pm to Jag_Warrior
quote:
The credit card issuer doesn’t treat this as a cash advance? And I’m guessing that you have cash in reserve to pay off the CD purchase on the card by the next billing statement?
They do not. I purchase the CD on the first day of the statement period. I'm not paying off that purchase for another 60 days.
Posted on 3/28/24 at 12:50 pm to Black n Gold
quote:
They do not. I purchase the CD on the first day of the statement period. I'm not paying off that purchase for another 60 days.
That’s good to know. I’d never considered this before. Just to scalp a bit of interest, I’ve taken 0% loan offers and stuck the funds in CDs and/or bills. Nothing life changing… more about the satisfaction of using the bank’s money to earn some zero risk dollars.
So I’ll look into what you’ve mentioned here. Thanks.
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