Post
Topic
Board Bitcoin Discussion
Re: Is it smart to max out all credit cards months to buy BTC?
by
Aiga7phoiy
on 03/12/2017, 10:44:07 UTC
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.

No, you will only waste your time, pay most for fee and may cause banned your card because banks have problem with bitcoin