Can I Buy Crypto with Credit Card to Rack up Spending for Credit Card Bonus ?

Loneone001 on 04/12/2022 - 00:07
Last edited 04/12/2022 - 20:53 by 1 other user

Usdt for instance. Anyone tried ? Probably swyftx as some link says it accepts credit card

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  wasdw246 on 04/12/2022 - 00:16

  why not just gift cards?

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  dm02 on 04/12/2022 - 00:22

  +8

  I think it counts as a cash advance

  • 

    shmoney on 04/12/2022 - 01:24

    correct

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  PeterB666 on 04/12/2022 - 00:47

  Just give me your money. It will be safe.

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  AustriaBargain on 04/12/2022 - 01:06

  Why not buy Tulips, I hear the Dutch are going crazy for them.

  • 

    Gunnar on 04/12/2022 - 08:38

    I wonder if a Tulip Bro was ever a thing?

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  Ocker on 04/12/2022 - 07:20

  +3

  Great idea - buy crypto with a cc to earn points only to end up with crypto that becomes worthless.

  • 

    SBOB on 04/12/2022 - 08:17

    -1

    No way…stable coins never fail ;)

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      VQLD on 22/02/2023 - 11:47

      tell this to UST holders..

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  avoidfullprice on 04/12/2022 - 08:36

  Normally cash advance doesn’t count towards bonus spend. You should try and report back

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  Tightmike on 04/12/2022 - 09:48

  Buy speculative vapour investments to make a few cents on bonus card points? Clever.

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  techlead on 06/12/2022 - 13:44

  That party has long finished lmao.

  I took out personal loans to buy ETH 7 years ago. Just finished paying off the personal. We all know what happened with the price of ETH. :P

  • 

    VQLD on 22/02/2023 - 11:48

    never gamble using loan money.

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    GOMOOTYPRO on 22/02/2023 - 12:19

    Sheesh that's rough

    • 

      techlead on 05/04/2023 - 12:20

      Should have taken out a bigger loan lmao. Have you seen the price of ETH at the moment?

    • 

      techlead on 05/04/2023 - 13:00

      I'm pretty sure I've made more off that personal loan than anyone in property in a comparable timeframe.

      • 

        beyonddd on 06/04/2023 - 14:25

        +1

        Clearly you didn't or you wouldn't be 'finally' paying off a loan after SEVEN years. You'd have paid back the principal and been done if you actually made money.

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          techlead on 06/04/2023 - 19:55

          @beyonddd: My interest rate for that loan was 10.99% fixed rate for SEVEN years. If I paid it off early, I would have to pay a penalty, why would I pay it off early, when I have made soo much more from ETH?

          I took the loan money and bought ETH and held it. I used my salary to make the loan repayments. Why would I want to pay it off early when I've made so much gains from it? I just held it to maturity.

          I got a little bit over 1500 ETH at just over $10 USD with this loan. You can do the maths on how much I gained. I'm very very sure I beat out any property investor who purchased property SEVEN years ago.