I don't think people can do that because you can just makE infinite cb by doing so with your multiple credit cards back and forth a million times...
@TheFate wrote:
@Christina_xyt wrote:
I don't think people can do that because you can just makE infinite cb by doing so with your multiple credit cards back and forth a million times...Maybe it's never been done yet lol
There are limits put in place for an reason . If banks algorithms see some abnormal spending like way over your income, you will get busted and may have IRS knocking on your door lol
I think the fees for using credit cards outweigh the points you get at the end of it off. Maybe you're better off buying gold with your CC, sell that gold back, pay off your CC, and accumulate points 
@Anonymous wrote:I think the fees for using credit cards outweigh the points you get at the end of it off. Maybe you're better off buying gold with your CC, sell that gold back, pay off your CC, and accumulate points
What fees?
@TheFate wrote:
@Anonymous wrote:I think the fees for using credit cards outweigh the points you get at the end of it off. Maybe you're better off buying gold with your CC, sell that gold back, pay off your CC, and accumulate points
What fees?
You cannot, directly, pay say your Capital One card by entering your Chase credit card number, so you have to do it some other way. Some one example would be to get a convenience check from Chase and use that, similar to a balance transfer, but there are often (although not always) fees for this. Or, is in Slate, no rewards. But in theory if you have two cards with 0% APR for BT and no fee, forever, and gave rewards you could do that.
Otherwise you can use things like serve, which has low limits, or Bluebird, where loading with cards would have fees, or other similar bill pay derivatives. Generally, all these companies want to make money somehow
@TheFate wrote:
@Anonymous wrote:
Every time you use a CC, someone's getting charged a ~2-3% fee. Usually the seller. If you're using a CC to pay off a CC through whatever medium you'll be the one hit with that fee. So in most cases, if anyone were able to pay off a CC with another CC successfully to "double dip" on points, they'll probably just break even at best.
By the way, I'm new to these forums and cannot figure out how to quote someone in a post. Is there a button somewhere I'm missing?
Thanks for explaining
Yes, when you hit the reply button and brought to the new screen look up to the right you'll see the Quote button
Ahh there it is, thanks