I am going to apply for a Netvisa card from netbank.com, which offers 5% back on purchases to goods at amazon.com, outpost.com, and a couple others.
I also have a paypal account . . .
I am wondering if it's illegal to draw out, let's say, $2000 from my credit card to paypal (earning the 5%, paypal getting 2.9% of the cut), having paypal put the money into my debit account with citibank (free of charge), and then paying off the credit card with that money. I don't see anything wrong with this at first glance, but just want to make sure before I try it.
-Chu
I also have a paypal account . . .
I am wondering if it's illegal to draw out, let's say, $2000 from my credit card to paypal (earning the 5%, paypal getting 2.9% of the cut), having paypal put the money into my debit account with citibank (free of charge), and then paying off the credit card with that money. I don't see anything wrong with this at first glance, but just want to make sure before I try it.
-Chu