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Old Jul 13, 2001 | 6:23 pm
  #5  
hackman
 
Join Date: Feb 2000
Location: WI
Posts: 66
I just signed up for the card and they have sent me two balance transfer checks that will be eligible for the 5% rebate and the 2.9% intro interest rate for 6 months. Can I write the check to the bank, deposit it into money market and earn the spread on the interest for 6 months, pocket the 5% (on a $50,000 credit line), pay off the transfer after 6months, having made 3% on the money, and have 5% of 50,000, or $2500 in rebate points?

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