Have you ever open a bank account and they let you fund it with a credit card? Yes, some do and count the funding as a purchase. Lets see…if you fund your new account $1000 with a 1.5% cash back, that would be a free $15 in cash back money. Not only that, you are getting an interest free loan for a short time with no fees! Here’s a list of banks that allow you to fund with a credit card:
- WaMu: $100 max with Visa or Mastercard
- Citi: As high as your credit card limit will let you, Visa or Mastercard.
- Bank of America: I’ve personally funded my account with $500 using a CC.
- LaSalled Bank: $1000 limit
- Wells Fargo: $500 limit
Let me know if you find another bank.
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