Whatever you do, first think please. Read your agreement if you don't remember it.
Most credit cards issuers will charge you a fee for a cash advance (a typical amount may be 3% with no cap), and interests begins accruing immidiately (at a much higher interest rate as well). Cash advances do not qualify for a grace period. Capital one is not the exception to these things. If you max out your card via a cash advance prepare to pay dearly (plus this is very risky behavior, so don't be surprised if you get a rate jack or a credit limit decrease). Finally, quite a few issuers also have a lower limit for cash advances, so be potentially ready for an over the limit fee (although you may still get this if you don't think of all of the above - which if you're actually thinking of doing this, you probably aren't)
The work around is a valid one, but use it appropriately.
Message Edited by okrogius on
04-20-2007 07:30 PM