Citi Quick cash

[Brissy1]

Citibank keeps sending me offers of free money, up to $200 egift card, if I
"Access Quick Cash at 0% p.a. with a 2.49% fee" (min $500 borrowing for a $100 egift card).
So I access (whatever that means) $500, and I then in effect buy a $100 gift card for$12.50?
Anyone done this? What's the catch?

 

[Wyler]

No catch. Just don't pay it off before you get the code for the gift card. I guess they figure once you see how easy it is to access cash you will use it again?

 

[Brissy1]

No catch. Just don't pay it off before you get the code for the gift card. I guess they figure once you see how easy it is to access cash you will use it again?

Ok, I'll think I'll do it, should only take a few minutes, and spend $87.50 more than I otherwise would on...a nice wine at a restaurant. Taste even better knowing citi is paying for it

 

[Brissy1]

Done, that was easy

Addendum, it was so easy that it's scary.

 

[Spongbob]

Done, that was easy

Addendum, it was so easy that it's scary.

The only downside I can think of is the possible impact on your credit score?

 

[Brissy1]

Mmm I'll see, as I usually get a new premium cr card about once a year and never have any queries