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Old Feb 1, 2013 | 8:36 pm
  #1  
mburns813
 
Join Date: Dec 2012
Posts: 12
Meet Spends with Lending Club

Hey all,

Just thought I would share this recent opportunity I found out about and am about to try where you can deposit up to $5,000 with a credit card to fund a new Lending Club account. When I called, the representative said it would not be considered a cash advance, but I haven't tried myself.

I would only do this if your going to invest for a long time horizon, 8 months+, as the representative said if you withdraw the money too quickly it will just be refunded to your credit card. However, if you fund with a CC, wait a while, and link your checking, he said there shouldn't be any problems.

Also, LC is running an offer where you can invite a friend and both people receive $100 with a deposit of $2,500. Message me your e-mail and I can invite you and then you can invite me as I still need to fund my account too and we'll both get $200 for free.
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