Re: How to build credit
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Still not understanding how this can work. Cash advances generally don't fall into all of this 0% stuff right?
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balance transfer...either to a credit card or directly to your bank account. if its a credit card, say request 10k be sent to card A...Card B (the one with the 0% balance xfer) sends the 10k to card A and gives you 0% for 12 months to pay it back. you then have a positive balance on card A and request it be sent to you....kinda like you overpaid somehow by 10k and want it back...its not an issue with the majority of cards, they just send it to you. sometimes card B will even send you a check directly. you then invest the 10k in whatever and make min payments for 11 months and pay it off completely before the 12 months is up...the interest earned is yours. however the side effects are people who get your mail (and open it!) will think you are a bottom feeder.
my explanation is kinda meh, you can google for better. im sure you get the idea though.
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