We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Easyjet card with Citibank

Options
I was flagged down in the airport for an Easyjet card.
It offers a free £40 flight if I spend £250 (something for nothing as long as clear the balance?)

When I activated the card - they suggested they could give me a cash advance of up to £3000 at 0% for 9 months (3% fee) - naturally I thought "perhaps that should go into a savings account and I should make a profit?"

I have not done this before so I need to ask - is this sensible and, which account should I stick it in if I need to pull the money out in 9 months?

:beer: Cheers + thanks for your help

Comments

  • NickX
    NickX Posts: 3,046 Forumite
    Your going to struggle to make a decent profit with a 3% fee for 9 months.

    This equates to an APR of aorund 4%, and assuming you are a basic rate tax payer, you need a savings account paying more than 5%.

    Ok there are some paying over 6%, but when you take into account miminum payments is it really worth it for minimal profit ?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.