JMS wrote:
I was informed of a new Co-op Credit card today - 12.9%
APR - no charges for cash withdrawals - or for cheques.

Borrow half your limit in cash over the month - taking it out of ATMs
- or use a cheque to pay off outstanding debt on other credit card.

When you get the bill - withdraw the other
half of your limit to pay off the "loan".

This show could run and run - a permanent loan at no cost.

(Or - am I missing something????)

Yep - you're missing the *interest* charged!!

"Graham Murray" wrote
It would only work until they either lowered your limit or started
charging interest on cash withdrawals immediately[1] rather than there
being no interest if you pay off each month.

[1] Are you sure that they do not already do this?

[1] - Of course, they actually do :-

http://www.co-operativebank.co.uk/ba...box_011109.pdf

Note: "Interest free period ... For cash advances,
credit card cheques and balance transfers ... 0 days".