Nixon wrote:lobbythis wrote:I still don't see it.
A Ritz and Prestige, but you have $9K out on a lowly Ring. And $1K cash advance? Because, we all know the best way to get cash is from a CC.
If you are pulling cash from CC's, you definitely don't need to be getting 2 cards with with AF's totaling $845 and not 0% intro. I have the RC and was immediately billed the AF in the first month. You're worried about 1% statement credits on $8K, but drilled yourself another $845 into debt plus that sweet $1K cash advance.
What kind of logic is this if not obsession/addiction?
Cash advance was in Vegas. I never carry a debit card.
Really no financial expert will say that getting a cash advance is EVER a good idea. If you are pulling cash from your cards (come on...it's a 1% reward...not that serious), you need to look at your finances IMO.
If your money was so tight you needed an advance on your CC, why in the world do you have so many high AF cards?
1% statement credits should not overshadow having sensible control over finances. Not saying you do or you don't. Just that a cash advance is a bad path IMO. I get it -- you want to eek out every reward. But you don't need to abandon all logic while doing so. Even if you don't carry a debit card, you could have taken out money prior to the trip, which is what most people would likely have done.