- Centurion Member
- Posts: 4059
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I can't answer with 100% certainty as you don't specify the card, but I expect you would have to pay interest starting on the day you take the cash advance. Here's how it works according to the T&C on my Freedom (a very popular card):
"We will not charge you interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest (23.00% APR) on balance transfers, cash advances, and overdraft advances on the transaction date."
You're smart to ask about it first, because actually doing it would most likely be a really dumb thing to do.
I don't see anything in the terms that explicitly says cash advances don't earn rewards - but every mention of rewards on the Chase website is clearly referring to purchases (and not balance transfers, cash advances, or overdraft advances).
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech