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This is called "manufactured spending" and there are people who do this big-time, if you look into the credit card churning/points area.
by lazyasciiart 8y ago
This is called "manufactured spending" and there are people who do this big-time, if you look into the credit card churning/points area.
- jotakami 8y agoYep, the standard practice nowadays is buying Visa gift cards and then using them to purchase money orders. It’s usually only worth the time and effort if you have a good sign up bonus on your credit card. However, I’ve also been looking into some creative and profitable ways to utilize the “float”—the pile of cash you’re sitting on for 4-6 weeks until the bill is due. It’s definitely worth my time if I can use that productively and roll it over each month...
- TAForObvReasons 8y agoAlly Bank offers 2.2% interest, which is not huge but involves minimal effort to set up.