Credit card offers no interest for 1 year, can I depost the money, gain interest then pay off the card before?
June 18th, 20089 comments »
Hi,
I get credit card offers where they offer 1 year no payment, no interest on balance transfer and purchases. If there is a way to convert a purchase into cash, can’t I just take the cash, put it in a saving account, gain some interest, then pay it back after 11 months and 29 day? Resulting in a net gain of the interest?
I get credit card offers where they offer 1 year no payment, no interest on balance transfer and purchases. If there is a way to convert a purchase into cash, can’t I just take the cash, put it in a saving account, gain some interest, then pay it back after 11 months and 29 day? Resulting in a net gain of the interest?