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sonnyfab t1_iufvm6h wrote on October 31, 2022 at 12:30 AM

Reply to comment by ShimonaLisa in Credit building loophole. by [deleted]

They might have payment fees for CC purchases

ShimonaLisa t1_iufvv01 wrote on October 31, 2022 at 12:32 AM

No fees for credit card deposits on both platforms

sonnyfab t1_iufw293 wrote on October 31, 2022 at 12:33 AM

I find it unlikely that you can make as many deposits as you want and get CC rewards with 0 fees. But whatever. Good luck.

Its-a-write-off t1_iufxhp5 wrote on October 31, 2022 at 12:44 AM

They treat it as cash advances, not as a credit card charge.

vynm2 t1_iug1tsg wrote on October 31, 2022 at 1:18 AM

u/ShimonaLisa, Its-a-write-off is correct.

As a cash advance:

they get charged the cash advance fee,
they start accruing interest right away, and
they don't earn any points or other rewards.

So, what you're proposing isn't really a good idea, and it's definitely not going to be "free."