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OfflineEnvix
Avoidant Disorder
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Registered: 11/04/08
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Can you paypal money to yourself to generate unlimited credit rewards?
    #24952150 - 01/29/18 11:48 AM (6 years, 1 month ago)

I've never had a credit card before but I'm starting to wonder how all these cashback/miles rewards work exactly. You make payments from your credit card and generate a certain percent of it in cashback (usually 1%-3%) or miles (1-2 miles per dollar).

Now I pretty much see the miles thing as pointless as 10,000 miles will only give you like $100 in travel expenses, so it would make much more sense to just have a card that gives you 1% cashback reimbursement on all purchases (not gift cards or anything like that).

anyway, my main question is... if you link your credit card to your paypal account, and send money as a purchase to yourself or a friend/relative with a different bank account using paypal, couldn't you theoretically generate unlimited rewards?

i can't find any information about this online and was wondering if anyone has successful experience doing this.


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smack a hoe out this dimension
continue my ascension
-bhad bhabie

rip. todcasil, acid sloth, st1llnox, zappaisgod, big worm (sketch), tim b

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InvisibleAhab McBathsalts
OTD Windmill Administrator
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Re: Can you paypal money to yourself to generate unlimited credit rewards? [Re: Envix]
    #24952157 - 01/29/18 11:52 AM (6 years, 1 month ago)

http://www.cbc.ca/news/business/aeroplan-air-miles-amex-rewards-visa-mastercard-royal-canadian-mint-1.4390911

There are lots of points scams out there, but they usually get closed after some starts exploiting them.


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"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."

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OfflineEnvix
Avoidant Disorder
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Registered: 11/04/08
Posts: 18,206
Last seen: 11 months, 22 days
Re: Can you paypal money to yourself to generate unlimited credit rewards? [Re: Ahab McBathsalts]
    #24952169 - 01/29/18 12:00 PM (6 years, 1 month ago)

what if you just buy a bunch of gold and sell it and repeat the process. could that even be tracked?


--------------------
smack a hoe out this dimension
continue my ascension
-bhad bhabie

rip. todcasil, acid sloth, st1llnox, zappaisgod, big worm (sketch), tim b

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OfflineUpSyndrome
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Registered: 10/16/17
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Last seen: 1 year, 5 months
Re: Can you paypal money to yourself to generate unlimited credit rewards? [Re: Envix] * 1
    #24952191 - 01/29/18 12:13 PM (6 years, 1 month ago)

Bullion from vendors is usually sold at a premium over spot price.  You will never recoup those premiums when you want to sell.

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OfflineCHeifM4sterDiezL
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Registered: 07/28/10
Posts: 22,938
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Re: Can you paypal money to yourself to generate unlimited credit rewards? [Re: UpSyndrome] * 1
    #24952215 - 01/29/18 12:22 PM (6 years, 1 month ago)


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