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Blackhat way to "free" money

Discussion in 'BlackHat Lounge' started by Roparadise, Oct 16, 2011.

  1. Roparadise

    Roparadise BANNED BANNED

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    Some of the larger banks offer a cash back on their credit card programs. But for the majority of people it is a gimmick to make them spend more and the bank actually profits,since they will not pay before the grace period ends. Even if you spend normally and pay on the grace period you will actually only save 2% of your costs.

    The blackhat way to take advantage of these programs is to buy something that you can put back into the bank to pay before the grace period ends. My solution is to have a friend create a company,where you "buy" cash from him. You take the cash put it in the bank and repay the credit card company before the grace period ends.

    If you dont want to do that because the method is somewhat shady,you can buy coins at face value from the U.S. mint when they are having free shipping.
     
  2. Patel

    Patel Jr. VIP Jr. VIP

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    Sounds more like fraud..

    I wouldn't fuck with banks either, thats like gambling with your credit.
     
  3. tubeincreaser

    tubeincreaser Regular Member

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    You used to be able to do this with dollar coins earlier like a couple years ago, made bank with it!
     
  4. Roparadise

    Roparadise BANNED BANNED

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    Do they still do this,or has it been made to be considered a cash advance?
     
  5. TermsB

    TermsB Senior Member

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    Am I wrong in thinking that most all cash back programs now are only offered on sales that you have to sign for?
     
  6. tubeincreaser

    tubeincreaser Regular Member

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    They just limit the amount you can purchase via credit card to like $2,000 a month or something like that.
     
  7. rakoom2002

    rakoom2002 Supreme Member

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    Its fraud, you get caught you get in trouble..
     
  8. Roparadise

    Roparadise BANNED BANNED

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    What about credit cards for business? Even for a somewhat small business $2k a month is pretty low.
     
  9. tubeincreaser

    tubeincreaser Regular Member

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    Doesn't matter.
     
  10. Roparadise

    Roparadise BANNED BANNED

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    Is that for normal accounts,what about platinum or others high levels for high spenders with great credit?
     
  11. tubeincreaser

    tubeincreaser Regular Member

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    Lol, what difference does that make? They only let you buy $2,000 worth of coins because of the credit card rewards not your credit or any of that crap.
     
  12. Roparadise

    Roparadise BANNED BANNED

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    Sorry,I thought you said that credit cards were limited to $2k/month for total purchases,not a limit on coins.