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File: qv_025.jpg
Apr 5 1999 -- Oct 31 2012
Yes, I have done this in the past and it works just fine. The key as you have already poitned out is that you must be responsible enough to pay off the credit card before it starts accruing interest. When I have done it in the past I have made sure to pay off the credit card one month ahead of time so that I didn't cut it close.You can do the same thing with a credit card with 0% but without the cash advance but it doesn't work out quite as well. Simply charge all of your normal expenses to the credit card and when the monthly bill comes, pay the minimum and put the rest in your money market account instead paying off the balance.When I did it my interest rate on the money market was around 5% and the I netted about $450 out of it. That is not enough to make you rich, but it sure buys a lot of beer! And it truly was free money.