Originally Posted by northwoods
remember the thread where the poster siad he used the c.card's checks enclosed to write a check to himself and put it in savings? They were 0 % checks? I can't find it (and would like to )...following up on that idea, would it work if a check is 1.99% and your savings was 4.5%ish and there was no transaction fee?
I know it would be less interest for me but still a profit right?
As long as the cc company does not have a percentage/transaction fee for every check then 0% offers can benefit your interest bearing checking account as long as you pay it off in time. Always read the fine print because some checks can be treated as a cash advance and hence the aforementioned transaction fees. This would negate an profit your looking to make.