What do you think about getting a 0% interest cash advance on a credit card?

And using the money to buy stocks.

Generally, these cash advance offers I have been receiving are for 6 months, but I might be able to find one for one year.

After that, you are required to pay interest.

So, I borrow $10,000 dollars from my card at 0% (free money) and invest it. I pay it all back before the interest charges start kicking in. If you know of a better investment than stocks, tell me.

What do you think about getting a 0% interest cash advance on a credit card?credit counseling

You haven%26#039;t just discovered something that nobody else knows. It%26#039;s called THE CARRY TRADE... borrowing money at a low interest to make money on a higher interest fund... the japs have been doing it in AmeriKa for years.

What do you think about getting a 0% interest cash advance on a credit card? loan

Sounds like a great strategy. But the credit card companies aren%26#039;t getting filthy rich by lending money at 0% interest. They suck you in with zero percent interest and then as soon as a payment is late, interest goes through the roof and you incur late charges.

Best advice, avoid credit card debt altogether. Credit card companies are evil.

Good luck.|||You have everything worked out but what you do if the stocks lose value, and I don%26#039;t see any place for the fees that the brokerage will charge you, and while ten thousand may seem like a lot to you, its not much to them.

You won%26#039;t get rich on ten thousand, if you put it into a standard savings account you will have about $42 more than when you started.

The best thing I ever heard about the market was that you have to consider it as legal gambling, you never put money in that you can%26#039;t afford to lose, and if you are borrowing ten thousand dollars, you can%26#039;t afford to lose it.|||My credit card gives me 1% cash back for every purchase.

I pay it off every month so there is no fee (FREE MONEY).|||If the stock goes down, then you can%26#039;t repay the credit card.

Also, the 0% applies to the interest rate. That doesn%26#039;t mean it%26#039;s free money. Many have %26quot;cash advance fees%26quot; that are 3%. If you do this and pay it back in 6 months (typical offer) that%26#039;s 6% per year, so, your stocks would have to make 6% per year just to cover the cash advance fees.