Funding a checking account with CC

[Santi78342]

I've done it in the past but was wondering if banks view this negatively? I am switching from US Bank (Probably get a fee somehow for it too) to a local bank that is offering $150 to open a checking account. I would like to fund it with either my new Venture or my new AARP but wanted to ask if this is a big no-no first.

Thanks for any input.

[gdale6]

I dont see it as a negative, I have done this before.

[Anonymous]

Not negative.

[Santi78342]

Does anyone know if either the AARP or Venture will post as cash advance or regular purchase? I've funded an account with my QS1 before and it went through as a purchase so I hope the same goes for the Venture.

[Anonymous]

I funded my PenFed checking account that way for the max $100.  I think most banks gave a limit as to how much they'll let you put in with a CC

[longtimelurker]

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@Anonymous wrote:

I funded my PenFed checking account that way for the max $100.  I think most banks gave a limit as to how much they'll let you put in with a CC

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Right, once ones with big limits get "discovered" they quickly get shut down.

If the max limit is small enouigh,  I would argue it's just not worth doing, except perhaps for convenience.   If as Irish says the max was $100, the rewards are very small vs the slight risk of it being considered a cash advance or viewed negatively.  

[chalupaman]

No I've done it several times and it's always shown up as a purchase rather than a Cash Advance.