Can i collect AirMiles by prepaying my credit card & use cash advances to collect AirMiles & not pay interest?
By prepaying my credit card and using cash advances i can use credit card cheques and use them to pay my mortgage and utility bills
By prepaying my credit card and using cash advances i can use credit card cheques and use them to pay my mortgage and utility bills. This way i can collect air miles faster.
For most cards, the points (like miles) are awarded for purchases, not cash advances.
The cash advance fees may exceed the value of the airmiles. Even if you can do it, it is a bad idea.