Should i use a 0% balance transfer check to give myself money to invest?

I have no credit card debt and am very stable financially. One of my credit cards has over a $24,000 credit limit. This credit card has just sent me 0% balance transfer checks. The maximum fee for using these checks is $75 and the 0% deal is until Dec 2007. Should i write one of these checks to myself for $24,000 and keep that money in a 5.05% cd for 9 months? I am confident I can make the miminum monthly payments without problems. I also have other credit cards I use normally (and pay off every month) so I don%26#039;t have to rely on this one for anything. Does this hurt my credit in any way?

Should i use a 0% balance transfer check to give myself money to invest?

A balance transfer check is for a balance transfer not a cash advance. A balance transfer would be used to transfer the balance from another credit card to this new card. Usually credit card companies are not so lenient with cash advances.

Should i use a 0% balance transfer check to give myself money to invest?

If you know for sure you can do it, why not? But just becareful -

Should i use a 0% balance transfer check to give myself money to invest?

Just be sure they don%26#039;t require a separate purchase because then you%26#039;re screwed.

Should i use a 0% balance transfer check to give myself money to invest?

you would make about $900, but it would take a bite out of your credit rating because part of your score is based on the total amout of your available credit that is being use, in your case 100%