DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - interesting conversation i just had with CC company per PMs

**AromeWahmaron** · 05-18-2012, 03:27 AM

I always thought the idea of buying PMs with a credit card was interesting. Trading plastic for cold hard metals.

One really interesting thing is that for credit cards, cash advances are pretty severely discouraged. They may limit how much cash you can get and also they jack the interest rate up astronomically. Yet you can easily buy pms and cash them if you'd like to get around that. Seems like a loophole (though I'm not totally clear on why they discourage them so highly in the first place).

05-18-2012, 03:27 AM	#12
AromeWahmaron Join Date Oct 2005 Posts 345 Senior Member	I always thought the idea of buying PMs with a credit card was interesting. Trading plastic for cold hard metals. One really interesting thing is that for credit cards, cash advances are pretty severely discouraged. They may limit how much cash you can get and also they jack the interest rate up astronomically. Yet you can easily buy pms and cash them if you'd like to get around that. Seems like a loophole (though I'm not totally clear on why they discourage them so highly in the first place).
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