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Investing using CC

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mongstradamus
Super Contributor

Investing using CC

To keep my mind off applying for any new credit cards, i was looking at my IRA and taxable brokerage, Is it possible to use your cc to buy stocks or etfs, just would like to get an few extra bucks cash back when investing. I don't know how stupid of an idea this is tho lol



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Message 1 of 7
6 REPLIES 6
Closingracer99
Valued Contributor

Re: Investing using CC

I would think it would be considered as a Cash Advance but i could be wrong 


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Message 2 of 7
mongstradamus
Super Contributor

Re: Investing using CC


@Closingracer99 wrote:

I would think it would be considered as a Cash Advance but i could be wrong 


I guess i could play it safe and fund my serve with an card and pay for it that way. I don't think it can be deemed as cash advance that way. 



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Message 3 of 7
longtimelurker
Epic Contributor

Re: Investing using CC

Message 4 of 7
mongstradamus
Super Contributor

Re: Investing using CC


@longtimelurker wrote:

See http://www.flyertalk.com/forum/manufactured-spending/1561570-loyal3-free-stock-trades-credit-debit-c...

 

You can now do only $50 a time with a cc.


Hmmm i think it would just be safer to go thru serve ? or am i missing something ?



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
Message 5 of 7
longtimelurker
Epic Contributor

Re: Investing using CC


@mongstradamus wrote:

@longtimelurker wrote:

See http://www.flyertalk.com/forum/manufactured-spending/1561570-loyal3-free-stock-trades-credit-debit-c...

 

You can now do only $50 a time with a cc.


Hmmm i think it would just be safer to go thru serve ? or am i missing something ?


Just limits.  You can push more through this than credit card loads with serve.

Message 6 of 7
mongstradamus
Super Contributor

Re: Investing using CC


@longtimelurker wrote:

@mongstradamus wrote:

@longtimelurker wrote:

See http://www.flyertalk.com/forum/manufactured-spending/1561570-loyal3-free-stock-trades-credit-debit-c...

 

You can now do only $50 a time with a cc.


Hmmm i think it would just be safer to go thru serve ? or am i missing something ?


Just limits.  You can push more through this than credit card loads with serve.


Its not really stocks that i am buying its more etfs to rebalance my portfolio. I usually do it a few times an year. Thinking of buying some VXUS, vanguard total international stock etf. I am wondering if i should wait an bit since situation in europe is pretty teneous. Maybe i should wait for it to dip an little bit more. 



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Message 7 of 7
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