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Author: pdxuser Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Short-term securities by credit card? Date: 10/21/2008 8:24 AM
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I know the subject line sounds nuts, but are there any short-term, low-risk securities that can be purchased in small denominations by credit card with minimal or no fees/commissions?

I'm a student and I recently aquired credit cards to build a credit history. But they're leading me to overspend, and I'd like to go back to exclusively using my savings/checking for purchases. I'm looking for something else to use my cards for, or they'll report zero balances or not report at all and be useless for my credit history. Unfortunately, there are no regular monthly payments I can use a CC for. My rent and utilities are all paid to my landlord by check.

Until 2003, 4-week T-bills were available by credit card. Now I'm looking for a workable substitute. I want minimal risk, and something that I can cash out of within 55 days to avoid CC interest payments (30-day statement cycle plus 25-day grace). Denominations of $1000 or less would be ideal. Any suggestions?

Also, feel free to explain to me that I am indeed nuts.
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