"JMS" wrote in message
news


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????)

You may have misunderstood the advertising.

No charges for cash withdrawals usually refers to the 2 or 3% "instant" fee
that many cards charge. But somewhere in the small print it will probably
say you will still be charged interest on the money.

tim