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A comment on Walmart Canada stops accepting Visa cards. Parent comment

Re:Walmart Canada stops accepting Visa cards by MissingGear on Sunday June 12, 2016 @09:00AM (#11887903)
Costco Canada dropped Amex two years ago [1] and I was stuck with an Amex card which is not as widely accepted as Visa or Mastercard. Amex tried/are trying all kind of tricks to not have these cards closed. The best one yet was zero percent for one year - I had colleagues max the card and put that money in their savings account just for the one year interest.

You bet that Walmart negotiated an excellent rate with Amex.

[1] http://www.moneysense.ca/spend/credit-cards/costco-american-...

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Re:Walmart Canada stops accepting Visa cards by forgetsusername on Sunday June 12, 2016 @09:23AM (#11887980)
>I had colleagues max the card and put that money in their savings account just for the one year interest.

I'm skeptical, since "cash advance" usually has its own stipulations regarding interest rates, and is capped below your credit limit. All for, what, $150 annually per $10,000 in arbitrage? That's an hour of work for many people here.

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Re:Walmart Canada stops accepting Visa cards by ssharp on Sunday June 12, 2016 @09:52AM (#11888076)
Before the housing crash and subsequent credit tightening and lower interest rates, you could get 5% on a standard savings account. That, coupled with negotiating no fees on a 0% balance transfer check could was more lucrative. I can't imagine it being worth the hassle and short-term credit hit for the paltry savings rates today.
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