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Let us say I have a Credit Card that gives 2% cash back on any purchase with Unlimited cash back.
Now let's say I also own a business where I'm charged a small transaction fee say 1% of the total value of the swipe.
Is it illegal for me to just max out my credit card paying myself.
So say in a given month I pay myself $10,000 with this credit card. I lose $100 to credit processing fees, but my rewards program gives me $200 so I net $100.
Any foreseeable problems?