Originally Posted by
jeelele
So if I understand you correctly, you keep the money from your credit card(s) in your savings account and then pay it from that savings account a day before the statement closing. How do you manage to do this? I mean how can you withdraw the CC amount into your savings account without incurring any fee(s)?
I don't think he's talking about taking cash advances or anything from his credit cards, he's just saying that he tries to keep the money he's about to use to pay off his full statement balance in an interest-earning account for as long as possible before handing it over to the credit card company.
Since we're only talking about an extra 15 days or so of interest here, at 3% per year, this is a pretty minor cash-flow optimization: only 0.1% or so.