My friend recently got the chase platinum slate card. He tells me if he spends 3,000 in the first month he gets X amount of points worth $625. He was going to buy gold mint $1 coins on ebay( with CC then deposit them in his bank) but decided that would end up being too expensive. Paypal would charge a 3% fee($90) to send the money to someone and that person then withdraw and give him back the money.
$90 bucks would still be cheap enough to get $625 back in rewards.
Is there another merchant anyone can think of where you can deposit and then withdraw to yourself?
only other merchant i can think of is Use my wallet but there fees are also like paypals.
Does anyone know of a way to charge 3k on a CC and get the cash back for cheaper than $90? thanks