Revolving credit card scheme...

OneSickPsycho · 03-18-2008, 08:41 PM

I was thinking today... Can you use credit cards to pay off other credit cards and manipulate the balance transfer, cash back bonuses, and other various rewards to end up even at the end... if not come out ahead?

My debit card gives me cash back of $0.03 per transaction with a limit of $250 for the year. That's 8,334 transactions per year. I have a credit card that gives me $25 gift cards for every $2,500 I spend with it...

I pay all my bills with the credit card, then immediately pay it off with my debit card in small enough increments to ensure I hit $8,334 transactions for the year... In theory I should save about $450 per year this way...

So what's the deal? If I got enough credit cards do you think it's possible to actually MAKE money through the manipulation of the system?

03-18-2008, 08:41 PM	#1
OneSickPsycho Ride Like an Asshole Join Date: Feb 2008 Moto: nothing... Posts: 11,254	Revolving credit card scheme... I was thinking today... Can you use credit cards to pay off other credit cards and manipulate the balance transfer, cash back bonuses, and other various rewards to end up even at the end... if not come out ahead? My debit card gives me cash back of $0.03 per transaction with a limit of $250 for the year. That's 8,334 transactions per year. I have a credit card that gives me $25 gift cards for every $2,500 I spend with it... I pay all my bills with the credit card, then immediately pay it off with my debit card in small enough increments to ensure I hit $8,334 transactions for the year... In theory I should save about $450 per year this way... So what's the deal? If I got enough credit cards do you think it's possible to actually MAKE money through the manipulation of the system?