Another credit card examine...brass advance? alright, if i take out change advances on a bunch of trial

alright, if i take out change advances on a bunch of trial credit cards with a zilch % 12 month introductory apr and then put that money into a sandbank account that yield about 4%, and after at the end of the 0% apr spell, pay adjectives of the credit cards off, consequently i net myself interst from those cards next reapeat, is thier a flaw to this process?

Nope, as a matter of certainty I saw a news program yesterday where on earth a guy was chitchat about doing the exact same piece.

The only flaw is that most credit cards do not give 0% on cash advance only on be a foil for transfers.

Be very mean about bread advances. All credit cards that I enjoy seen accrue interest DAILY on lolly advances, characterization as soon as you take the money out, you hold to start paying hefty interest fees. The introductory APR doesn't usually apply to cash advance.

Check the small print regarding bread advances. Most but for all cards charge a highly developed rate on cash advance. Also if you are going to use one of those checks, be sure there is not a 3% user payment on the check. Happened to me but I did not see the little writing saying if you use the checks, here is a 3% charge up front.

Laurel is correct, and to top it off, they will charge you processing tax or service fee to do this, even though they vote zero % interest rate. Check it out back you do anything. If it sounds too good to be true, it is too pious to be true. They will always kind money off of you somehow, even if you surmise you are out smarting them.

Answers: That idea sounds flawless on paper, but you forgot one entity, usually 0% APR is for PURCHASES only. For brass advances, the amount of interest is unreal. Plus, you would own to pay at tiniest the minimum every month to keep the credit card contained by good standing, so doesn`t matter what interest that you were trying to gain while it be in the dune account, would not simply be gone, but you would have to probably salary extra.

Cash advance interest rates are most of the time different and high from credit card purchase rates. I would read the fine print first.

I found some good info here.