Raising Highest Reported Balance Via Paypal?

[Creditaddict]

sorry im a business member. forgot/didn't realize personal had different fees!

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
I just tried testing it with $100 and Paypal won't let me send money to myself.

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If it's a BofA card, which I believe most of yours are, the BofA rep I spoke to last night told me they will do BTs directly to your checking account.  If that's the case for your card, there's no need to use PayPal.

Also, then it wouldn't be a cash advance and wouldn't carry the associated fees and finance charges.

Message Edited by cheddar on 04-11-2008 01:04 AM

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I've got 0% interest on BTs, but wouldn't they still charge me the 3% BT fee?

Which if I did $20,000, would be $600.

[Anonymous]

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watchnerd wrote:

I've got 0% interest on BTs, but wouldn't they still charge me the 3% BT fee?

Which if I did $20,000, would be $600.

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Isn't a BT fee usually charged by the CC receiving the BT?

I dunno if they would charge you a fee for BTing to a checking account or not.

[Creditaddict]

no your credit card your doing the bt on will charge the fee. some will waive that fee for first month after opening account. you would have to ask if yours waived or not.

[Anonymous]

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Creditaddict wrote:

no your credit card your doing the bt on will charge the fee. some will waive that fee for first month after opening account. you would have to ask if yours waived or not.

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Oh wait, never mind, you are correct.

I'm thinking of transfering funds from the CC to the checking account, which of course means transfering the balance from the checking account to the CC.  So, yes, BofA might charge you a fee in this case.

I was confused for a minute.  (Mixed up the direction of the balance transfer with the direction of the funds transfer.)

Message Edited by cheddar on 04-11-2008 01:20 AM