Any way to cycle money with a credit card?

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CLKeenan

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Jun 24, 2006
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I.e. fund an investment account with $4000 and then withdraw that $4000 to your bank account to then immediately pay off the $4000 you put on your credit card?

How about online casinos? Are they an option?
 


Mister Keenan, what are you doing NOW?

(Cash or CC -> Prepaid CC's that allow ATM withdrawls -> cash)

Ca-Ching! Drug Fr-errr Clean money!

Edit: Also money orders, wire transfers ... to your self or a friend, etc.
 
I might have figured it out! :)

Withdrawing Money From Your Poker Account |Absolute Poker.
If you have used a particular method to deposit funds at Absolute Poker, your transaction will be automatically credited back to that method. However, if you have used a credit card to deposit, you may choose from any of the available methods for your withdrawal. It’s important to note minimum withdrawal at Absolute Poker is $50 and that you must have made an initial deposit in order to request a withdrawal.
Click to expand...

The only problem is they do have a limit of $4000 deposited via credit card per month so that puts a cap on things
 
keenan: any site will make you play raked hands if you deposit before you can withdraw.. at least after awhile. Because they incur fees during the transactions and will want to be compensated for them.
 
If you're doing it for the reward points, you may want to keep the transaction amounts fairly randomized, and cycle the amount of time it takes to pay it all back.
I think CC companies would be keeping an eye on regular transactions that got paid back quickly.
That's just my suspicion though.

Personally, I think you're better off getting 3-4 cards, all hooked up to different reward schemes, blowing a load on just one, and then paying them all off with each other before your interest free period is up.
Then pay off the capital.
 
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