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Old Feb 10, 2014 | 9:38 pm
  #11  
TravelsLite
 
Join Date: Jun 2013
Location: Texas
Posts: 58
Originally Posted by walkingingotham
How did you cash out? Wouldn't that be considered cash advance?
Welcome walkingingotham. In the pre-2008 era, 0% interest no-fee balance transfer offers were plentiful. One would simply cash out a balance transfer check and invest the money in a high yield account and collect the interest while making minimum payments to the credit account. Today, a combination of balance transfer fees and a lack of high interest rate deposit products make this sort of interest rate arbitrage much less attractive.
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