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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.
I dont see it as a negative, I have done this before.
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.
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
@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
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.
No I've done it several times and it's always shown up as a purchase rather than a Cash Advance.