BOFA 0% direct deposit cash advance question : r/CreditCards

BOFA 0% Direct Deposit Cash Advance Question : R/CreditCards

2 weeks from now

I have an 0% Apr offer to use my credit line on my BOFA Chad rewards card for direct deposit into a checking. It is not my only credit line on my credit profile; there is a 3% transaction fee. Max fee would be $180 on my $6k credit line. What’s the catch? Promo lasts until May 2024. If I take $6k throw it into my 6.99% car loan principal, I’m most likely going to save more on interest than ...

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BOFA 0% Direct Deposit Cash Advance Question : R/personalfinance …

2 weeks from now

BOFA 0% direct deposit cash advance question I have an 0% Apr offer to use my credit line on my BOFA Chad rewards card for direct deposit into a checking. It is not my only credit line on my credit profile; there is a 3% transaction fee. Max fee would be $180 on my $6k credit line.

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Why Should I Not Take Advantage Of This 0% Cash Advance Offer

2 weeks from now

BofA is offering me the full $25k line as a cash payment into my checking account, at 0% interest for 12 months with a 3% fee. After 12 months’ time the apr increases to something ridiculous like 24.99%.

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BofA "Direct Deposit Cash Advance" Special Offer - Reddit

2 weeks from now

I have been a customer with BofA for 7 years and received an offer from them recently. It's a 0% APR "Direct Deposit Cash Advance" that's good until March 2025 where it then would raise to 25% APR. My normal cash advance limit is $200, but this offer allows you to borrow from your regular credit line, which in my case is $15,000.

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I Got A 0% APR With No Transaction Fee From BofA. - Reddit

2 weeks from now

Has anyone ever heard of this? Sounds too good to be true. Why wouldn’t I take advantage of a direct deposit with 0% transfer fee in today’s interest rate environment? 3 9 Share Add a Comment Sort by: Search Comments Bubblewhale

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Cash Advance For Apr 0% 18 Month : R/personalfinance - Reddit

2 weeks from now

Hi, I have an urgent issue that requires $10k (usd) by next month and found out my credit card in BOFA offers 0% APR cash advance for 18 months (end of next year) I am planning to take this and max out my credit line. (10k) My earnings will be able to easily cover this amount before the promo period. I’ve learned that I shouldn’t use this card to make any purchase. After the cash …

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Which Credit Cards Allow Or Have Cash Advance Direct Deposit

2 weeks from now

Which credit cards allow or have cash advance direct deposit offers? I have a BofA unlimited rewards card and an offer on it for balance transfers or cash advance direct deposit 0% for one year. It has a 3% transaction fee and that seems to be it.

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Catches To Transferring Credit Card Cash Advance To Savings

2 weeks from now

I noticed that in the 'offers' section of my BOFA account that I have a promotion offer for: direct deposit cash advance limit up to full credit line (12,000 for this card) 3% transaction fee (12,000 * .03 = 360) 0% APR until December 2024 Basically, they'll just deposit 12,000 0%apr dollars into my checking account for a 360 dollar fee.

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0% Direct Deposit Cash Advance Offer - Bogleheads.org

2 weeks from now

Feb 23, 2011  · I have a couple of credit cards combined limit of ~$50k. Both have 3% fee and 0% Direct Deposit Cash Advance offer (also known as convenience checks) till June 2024.

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Should I Go For BofA Unlimited Cash Rewards Card?

2 weeks from now

Oct 27, 2024  · I got preapproved for BofA's Unlimited Cash Rewards credit card today, but I'm wondering if it's worth it. I have the Discover It card and Capital One QuicksilverOne, both with $500 credit lines.

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BoA Cash Advance Offer For 3% Upfront But 0 APR - Reddit

2 weeks from now

So BoA has an offer for my card where I can take a cash advance at an up front 3% but 0 APR for 1 year. With rates being high and having an account that gets me roughly 5% annually, I decided to max the card and throw the money in that account to sit.

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Leave Bank Of America For SoFi Bank? - Bogleheads.org

2 weeks from now

Jul 31, 2022  · --Opened up a new Customized Cash credit card with BoA and will use that up to $2,500 top rewards amount per quarter and slow down the use of the SoFi credit card as we decided for now not to open a bank or investment account with SoFi. --Set up the direct deposit of both our paychecks to go to our Fidelity brokerage account.

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