I thought maybe we could help each other out in identifying some 1-3 month CD's with cc funding potential. I know folks don't want to kill the deals but this post will soon get buried and we could use the PM system or point people in the right direction, give hints etc. I have identified a couple of potential candidates for cc funding but I'm not 100% sure about the cc funding limit or if I can join out of state.
Both NFCU and Service credit union have 3 month CD's at .5% but cc funding of only $250 so very limited earning potential at 8.5%. Citi double cash counts as a purchase according to several data points. I'm sure there are several others with low cc funding limits but we should focus on at least $1,000 or more?
According to DoC Affinity FCU(NJ) has $5,000 cc funding and 30 day CD's however there is conflicting information on if it may be only a $1,000 limit now and if you can join out of state. The interest rate is .20% but using a 2% cashback card would yield 24.2% on a 30 month CD so you can see the earning potential if we can locate some of these deals.
Another potential is Affinity plus FCU which has the current high yield for their Superior MMA 2.02% on $25,000.
According to this post on DoC this account can be funded with a credit card up to $5,000:
They also have 3 month CD's at .40% which would equate to 8.4% using a 2% cashback card. I'm still not 100% positive if their CD's can be funded with a credit card but I'm assuming if the savings account can be then so can a CD. There is a couple of data points on which cards code as a purchase in the thread.
If anyone has either of these Affinity credit unions could you post back if they do credit card funding of CD's and what the cap is and/or if they can be joined out of state. I came up empty last time I tried this due to residency restrictions for all the good deals. I'm sure there are other potential 1-3 month candidates out there so feel free to post even if they are restricted as this could help others who happen to live in those states. The most useful deals will have cc funding of at least $1,000 or more better yet $5,000 or more.