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From: Mic B
Please excuse me if this sounds like a newbie type question but I am new to IP.
Oh well here is the question, can I set up a system to use a 55 day interest free card to repay a interest only investment loan on a on going monthly cycle.
This would enable me to keep the actual cash in my home loan account for longer thus reducing my interest on place of residence.
And now for the biggie, would this spend qualify for reward points on the card.
Just trying to get some back at the banking system.
Regards Mic
Please excuse me if this sounds like a newbie type question but I am new to IP.
Oh well here is the question, can I set up a system to use a 55 day interest free card to repay a interest only investment loan on a on going monthly cycle.
This would enable me to keep the actual cash in my home loan account for longer thus reducing my interest on place of residence.
And now for the biggie, would this spend qualify for reward points on the card.
Just trying to get some back at the banking system.
Regards Mic
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