Hi,
Just to use all the money in your credit cards to buy some BTC and then before the grace period pay them back and repeat. If I am not wrong, this should give you a very nice profit say for a total amount of $20k between 7-8 credit cards plus good credit and all the cachback and points each CC have.
Is this smart?
Anyone does this?
And more important which exchanges allow you to use credit cards? Or is it better to buy using paypal and fund it via the CCs?
Thanks in advance.
I will not do that because we all know that credit card interest are high. Besides if you have the money why will you not pay it using debit card, your paypal or other payment methods that pays as good as cash. Plus it will continue to add up the interest incase you will not be able to pay it.