And if only my question was what are they and is it wise to use them Benmarkley3, than your answer would have been appropriate. But seeing as how that was not my question... even if it was they are not ALL a ripoff
I should amend to say most of the time they are a rip off. Yes every once in a while they give special deals and treat them with a 0% or low % loan. Then they are good. But for most issuers they use them to get you to take out a “cash advance” and interest starts from day one at the higher cash advance rate. So maybe my blanket statement was wrong. But the advise was correct in many instances. For many people they could borrow money from another source at a cheaper rate that makes more financial sense.