PayDirect / Cobalt substitute?

Discussion in 'Credit Talk' started by Saar, Nov 17, 2001.

  1. Saar

    Saar Banned

    Not exactly, as this one takes 6 months to cash, but may be worth a look:

    You can purchase US Govt Bonds with your credit card, get the mileage/points your card offers, then cash them after 6 months; Or better yet, buy it at the end of any given month, and you can cash it after 5 months, earn the interest it offers (state tax-free) and enjoy the grace period offered by your card on the purchase.

    If your card also offers a 6-month intro / promo rate, this is the perfect thing.

  2. Nave

    Nave Well-Known Member

    That's a great idea especially with the attractive intro rates as you say. Thanks Saar.

    -Peace Dave

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