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If you dont want to pay 3% balance transfer fees and are ok with paying off the loan in 6 months then at the cost 0.9% you can move money from you blispay card to your bank account. I moved around 1000$ and just paid 9$ in fee to pay pal. I have one business and one personal acc7ount on paypal. I sent myself money ( for earning 200$ capital one 360 checking bonus) using blispay card , pay pal charges 2.96% fee but blispay pays you back 2%. The money was in my account the very next day faster than electronic transfer between the banks. Blispay transfer ofcourse qualifies for no interest, no payment for 6 months promo and earns 2% interest. So not only you pay very low fee , you might even recover that fee by getting high yield interest on your savings or getting bonus . I love blispay
This to me is way better than PLOC ,or CLOC
Be careful with that, my friend. Anecdotally, other lenders have taken adverse action after things like that.
This sounds like an interesting way to pay off a BTS without a signifian't fee. However, I'm confused as to the steps you took. It seems that you sent money from Bilspay to paypay instead of directly to your account. If that's true, why didn't you just skip the paypal fee, and transfer funds directly to your bank account? I have a BTS of approximatley $7,000 and a BTS CC with a CL of $12,500. I would rather not go over 50% on this new CC, so your idea my be just what I need for say $2,000 of the debt. Please elaborate as much as you can! ![]()
ETA:
I see from another poster, that this might be a violation of T&C, if that's true, never mind! ![]()


I am acutally unclear about transferring money from blispay to bank account directly. If any one has any idea please enlighten me. I dont know anything about their cash advance terms and conditions. Btw through paypal we are using blispay as a visa transaction not as a cash advance or balance transfer. All i know is so far all my transactions via paypal went through without any problem and showing on my blispay as active promos. Does blispay say explictly not to use with paypal? It says use it anywhere onine or instore where visa is accepted.
Also i believe one can transfer money between a business account and personal account on paypal. Correct me if i am wrong. Blispay is getting paid back . So i dont see why should they take adverse action. Btw lately i received a mail from citi that i can now use my simplicity with paypal. But i dont need to because i dont want to pay 2.96% fee to paypal (citi simplicity doesnt earn cash back) although it wud be equal to a balance transfer since i have 0% purchase apr on citi till july 2018.
This article mentions about using blispay with paypal.
Due to money laundering concerns and/or the fact that it is skirting a lender's cash advance policies, paying yourself from one PayPal account to another account can and often does result in having your credit card closed by the lender. Yes you can certainly use Blispay with PayPal. Yes you can transfer funds from one account to another account if you have two PayPal accounts. But paying yourself is no different than swiping your personal card through your business's credit card reader, which is a major no-no even when it's not used to give yourself a loan (i.e. legitimately buying merchandise or services from your company). It is also against the TOS for PayPal as well. Section 10.1 - o : Use a credit card with your Account to provide yourself a cash advance (or help others to do so).
Also, sending yourself money to meet a spend bonus is clearly MS, which is not allowed here. Thank you.
And with this being said this thread is closed to new comments.