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I'd be very hesitant to do this with anything illiquid. If something happens you want the mon

One part I neglected to mention is I'd be backing the loan with an equivalent amount of money in my emergency fund, which is in a demand savings account, like Emigrant/Citi/ING, in case something went south with the cash advance and it had to be paid off immediately.

If you did a high yield savings, however, you'd limit your downside much more by being able to get at your money quicker and cheaper. And the loss of earnings would be fairly small (Emigrant at 5.15% right now).

I'm in a state with 9% income tax, so that would knock another $9 off the profit.

The more I think about this, the less it seems worth it.
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