Author Topic: Pay someone with credit card for cash back points  (Read 2572 times)

airjrdn

  • 5 O'Clock Shadow
  • *
  • Posts: 2
Pay someone with credit card for cash back points
« on: October 06, 2014, 10:05:50 AM »
I've recently joined the cash back bandwagon using my credit card that I pay off each month using online bill-pay from my bank (which also provides cash back).  I pay my ex quite a bit in child support each month, and if possible, would like to get cash back by putting that on my credit card.  How feasible is that?

schimt

  • Bristles
  • ***
  • Posts: 308
  • Age: 34
  • Location: New Jersey
Re: Pay someone with credit card for cash back points
« Reply #1 on: October 06, 2014, 10:36:01 AM »
I believe paypal charges a surcharge if you use a credit card, so i don't think that is an option.

If it was, i might consider skipping paying someone else, and just pay myself monthly, between 2 paypal accounts.

airjrdn

  • 5 O'Clock Shadow
  • *
  • Posts: 2
Re: Pay someone with credit card for cash back points
« Reply #2 on: October 06, 2014, 10:36:53 AM »
I think the donate option is fee-less, so maybe that would work. :)

schimt

  • Bristles
  • ***
  • Posts: 308
  • Age: 34
  • Location: New Jersey
Re: Pay someone with credit card for cash back points
« Reply #3 on: October 06, 2014, 10:38:53 AM »
yea, sending money to a friend is free from a linked bank account, but there is a 2.9% fee plus $0.30 charge per transaction if you use a credit card or debit card.

https://www.paypal.com/webapps/mpp/paypal-fees

so unless your rewards are higher then 2.9%, paypal is not a profitable option.

windypig

  • Stubble
  • **
  • Posts: 159
  • Age: 35
  • Location: Vermont, Boston, Cape Cod
  • You are what you hate.
Re: Pay someone with credit card for cash back points
« Reply #4 on: October 06, 2014, 10:52:36 AM »
Amazon payments allows you to send up to $1000 a month via credit card "fee free"

Both you and your recipient need to have your bank accounts liked to amazon payments in order to send > $500 at a time I belive.

seattlecyclone

  • Walrus Stache
  • *******
  • Posts: 5857
  • Age: 36
  • Location: Seattle, WA
    • My blog
Re: Pay someone with credit card for cash back points
« Reply #5 on: October 06, 2014, 01:08:30 PM »
Amazon payments allows you to send up to $1000 a month via credit card "fee free"

Both you and your recipient need to have your bank accounts liked to amazon payments in order to send > $500 at a time I belive.

They're getting rid of that next week. Better hurry!

windypig

  • Stubble
  • **
  • Posts: 159
  • Age: 35
  • Location: Vermont, Boston, Cape Cod
  • You are what you hate.
Re: Pay someone with credit card for cash back points
« Reply #6 on: October 06, 2014, 01:24:06 PM »
Amazon payments allows you to send up to $1000 a month via credit card "fee free"

Both you and your recipient need to have your bank accounts liked to amazon payments in order to send > $500 at a time I belive.

They're getting rid of that next week. Better hurry!

wow that sucks.

jamaicaspanish

  • Stubble
  • **
  • Posts: 114
Re: Pay someone with credit card for cash back points
« Reply #7 on: October 06, 2014, 01:33:48 PM »
Do you have an AmEx Serve account?
You can load up to $1k per month from a credit card ($200/day up to $1000/month).
Then, either BillPay from Serve or send to the ex through her Serve account.  Both methods are free.

Of course, even if you don't have a payment to make, you can still churn $1k/month on your cc.