PenFed Cash Question...

[Andy77]

I have the PenFed Amex with 20k limit.  My balance is 80.00 and I don't use the card much at all anymore.  I want to use it more, but I dont have anything I want to buy.

I use my Citi AA Mastercard to pay my 1500 rent everymonth and I pay it off right away.  

I can't use the Amex to pay my rent so I wanted to throw out this question.... How would it look if every once in a while..not every month, I took out 1600 bucks and used that to pay my rent, then paid off the card ?

I just don't want them to not give me anymore CLI's because I don't use the card much anymore, 

[Mailak]

I can't imagine that cash advances from a credit card look good. Large cash advances in thousands of dollars probably much much worse.

[user5387]

Penfed has no fees for cash advances, and the 9.99% interest rate kicks in immediately.

So you'd pay some interest, but not a lot, if you took out $1600 via a cash advance.

However, I would avoid doing this for the sole purpose of exercising the card.

I have a Penfed CC with similar terms, but would be uneasy about using it for a cash advance.  If I really needed to do such an advance, I'd use a different CU card.

[longtimelurker]

I have two penfeds that I don't use for months on end.  Of course, they don't give me CLIs either but OP, why do you care about that?  Paying even a small amount of interest to get a CLI on a card you don't use seems a waste

[takeshi74]

Do they not have another product that would be useful to you?