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So here is the run down of what I am trying to do.
I am getting married and I have to pay a venue $3,750. However, they do not accept CC payments; it has to be paid with either Check or Money Order. I have the money to pay them with a check, but I was wonder if I should do a Cash withdraw from my Bank Of America Cash Rewards card and deposit it into my BOA Checking and pay the venue with a check.
Then after the check post and funds are withdrawn deposit cash into my BOA checking and pay off the $3,750 balance on the credit card?
Confusing but trying to see if it's worth it, so that BOA Cash rewards credit analysts see high usage?
It would count as a Cash Advance.
Historically banks have tended to frown on these from anecdotal reports; personally I would never do that but that's me. No grace period on it typically, doesn't count as a purchase, and tradeline use I consider to be less important than not doing something which a lender may just not like for whatever reason.
I don't know how BOFA looks at them explicitly, maybe it's OK, but I sort of view it as leaving a loaded revolver in a room full of 3 year olds.
Write the check imo.
Thank you for information!! Yeah, see I never knew that they could see it as a Cash Advance.