Post
Topic
Board Trading Discussion
Re: Newbie, decided against mining, where is safest place to buy coins with visa
by
toleng
on 03/10/2014, 04:20:33 UTC
Will my credit card company consider this a cash advance?  If so instead of 0% for one year, it will be 25% immediately.

Holy cow, I will lose my ass.

edit: I just made a $1.00 deposit so I will see how that is charged. 
Yes, they will most likely consider this to be a cash advance. One option would be to open a 2nd credit card that has a balance transfer promotion and transfer the balance onto the 2nd credit card, although you would need to pay high interest rates until the balance transfer is complete and need to pay the 3% cash advance fee.

Some credit card companies may have various promotions for cash advances but AFAIK they are not 0% APR but are still low