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/biz/ - Business & Finance

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15856678 No.15856678 [Reply] [Original]

WHAt if I were to pay off my full credit card balance using another credit card to collect the cash back, then use a third (cash back) card to pay back the second, go back to the first to pay that back and around and around? Is this infinite money?

>> No.15856703

Infinite debt

>> No.15856708

>>15856678
i think you only get cash back on purchases, not balance transfers.

>> No.15856710

>>15856678
You don’t earn cash back on balance transfers. There is no way around this.

>> No.15856717
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15856717

>> No.15856729
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15856729

>>15856678
you're a genius anon. i think you've just solved the world's finance problems.

>> No.15856740
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15856740

try this OP its much easier

>> No.15857018

>>15856678
Can't pay off a credit card with a credit card or a debit card. I looked into doing this with my MCO card, they're wise to it

Also note that most grocery stores won't give cash back when you use credit to buy a gift card. Something else I looked into (card gives 6% cash back at grocery stores, so I figured why not buy prepaid cards at the grocery and get 6% discount everywhere)

>> No.15857046

>>15856740
I’ve dime this, it works

>> No.15857067
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15857067

>>15856678
holy shit guys come look at this