Originally Posted by
NeGourmand
Does anyone have experience using a HELOC for MS? Plan would be to draw from line into checking, then a day or 2 later pay off the HELOC balance via in person MO. $40k per month goal once my serves get shut down. Is this a terrible idea?
Are you buying GCs using a debit linked to your checking? I don't see the method for acquiring points/miles/CB.
Every CC you have is like a LOC free of charges and fees for ~50 days. Just wait for your CC to close and then MS with that CC. You'll have ~50 day to pay off the balance without interest charges. Of course you would want to know when your CC reports to the credit bureaus to keep your score from getting wacked.
Why mess with a HELOC.