Timeline for Getting Cash from Credit Card without Fees
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 19, 2017 at 15:01 | comment | added | quid | @dberm22, it's rare that that scheme works anymore. These points churners find ways, but remember, it's not uncommon for your account to be closed for playing these games. Another good one involved 3 people doing merry-go-round payments to eachother's amazon payments accounts (amazon has closed the program entirely). | |
| Jul 19, 2017 at 12:21 | comment | added | dberm22 | Purchasing $500 visa gift cards is an interesting prospect. $15 easy dollars in your pocket. Even if you have to pay $5 for the card itself, that's a decent profit. Though it doesn't seem like this scales very well. | |
| Jul 19, 2017 at 11:27 | comment | added | Joe S | @RossRidge I can, I just wanted to know if there was a way to do it and still use the credit card for the rewards program. | |
| Jul 18, 2017 at 19:29 | comment | added | stannius | Note that if your reason for buying treasury $1 coins is to spend them at local businesses, that is (was?) within the terms and purpose of the treasury program. | |
| Jul 18, 2017 at 19:29 | comment | added | Ross Ridge | @JoeS You can't get cash with your debit card? | |
| Jul 18, 2017 at 17:18 | comment | added | quid | It's inadvisable to churn CC points primarily because it goes against your cardmember agreement, and in the case of the US treasury $1 coins, it also went against the terms of the treasury program and a delayed shipment could result in interest charges. It's not uncommon for CC issuers to rescind points and close accounts on points churners. | |
| Jul 18, 2017 at 17:13 | comment | added | Joe S | Why would you say it is inadvisable? The reason I need cash is I live in a poor area and most local businesses do not take cards as payment. | |
| Jul 18, 2017 at 16:53 | history | answered | quid | CC BY-SA 3.0 |