Or change your withholding and pay your taxes quarterly instead at 1.86% or whatever.
That and it isn’t that hard to get 2% or better these days so really it is a longer term arbitrage play anyway that lends itself neatly to SUB meeting with money that has to be paid.
Basically there are cheaper ways to do it than Venmo.
That and it isn’t that hard to get 2% or better these days so really it is a longer term arbitrage play anyway that lends itself neatly to SUB meeting with money that has to be paid.
Basically there are cheaper ways to do it than Venmo.
@Anonymous wrote:
No I would never go into debt because of a SUB. Not getting the 0% APR period is what really threw me for the loop. That coupled with this $500 a month medical bill that can not paid by CC has crippled my plan
Have you considered using Plastiq to pay this medical bill a couple times ? You would have to pay the 2-3% fee but using it to hit a SUB would likely be worth it a couple times.
$2000 * .03 = $60 in fees to get you halfway there.
I know a lot of mortgages and rent companies don’t count on Plastiq anymore for certain issuers but I would imagine that a medical company might accept it.
OP, I wouldn’t recommend going that Venmo route or anything that might raise some redflags for possible MS as they can potentially shut down your acct and put you in their “Unsatisfactory relationship” blacklist for a long time!
How about some utility bills? Insurance co-payments, premiums, etc? College tuitions? HOA fees? Tax bills? Or if you really really have nothing to spend for that $500, then why not make a donation for that amount to any charity or cause that is of importance to you? That’s not really money blown or down the drain cuz someone or a lot will benefit from it and you’ll feel good about it! Plus it’ll be a tax deduction for you next year.
How about some utility bills? Insurance co-payments, premiums, etc? College tuitions? HOA fees? Tax bills? Or if you really really have nothing to spend for that $500, then why not make a donation for that amount to any charity or cause that is of importance to you? That’s not really money blown or down the drain cuz someone or a lot will benefit from it and you’ll feel good about it! Plus it’ll be a tax deduction for you next year.
@Anonymous wrote:
So I was just approved for the CSP. I must’ve just squeaked by because I got a double pull, fee wasn’t waived for the first year, and I have a 25% apr right out of the gate (no 0% period). I did, however, get the 60k points if 4k is spent in the first three months. Unfortunately, I just found out today I’ve gained a new $500 a month bill that cannot be paid by CC which severely hurts my spend which brings me to my question.
I’ve heard you can send someone money via CC through Venmo to hit a sub as Venmo treats it as a transaction rather than a cash advance. You do get hit with a 3% transaction fee, though. Can anyone confirm or deny this? Would the CC company see this as gaming if I were to send it to a friend, then have the friend send it back to me?
If you were to send it to a friend, and have the friend send it back to you, that would be a fraud.
I honestly can't remember a time in the last few years that the CSP has had a 0% offer at all. If anything, you can ask your friends/family to spend some money for them and have them Venmo you to pay it off.
Otherwise, consider opening a 0% BT card with another bank, as it's typically not allowed to BT from the same bank.
[2/2019]
