Chris PartridgeFeb 28

Is it just me or is the "GBank Visa Signature" card exploitable?

A credit card that:
1. Gives 1% unlimited cash back when you load up your gambling accounts
2. Considers the 'load' as a 'purchase' rather than a cash advance (eliminating fees)

You'd just need to:
* Load your entire credit line into a gambling app
* Place no bets. Cash the money back out to your bank
* Pay off the credit card
* Redeem your 1% back
* Repeat

Ex. if you do it once a month that's 12% yearly returns. Is that right?

Show threadChris Partridge

I also assume that the CC issuer has no incentive to fix this, because they'd have interchange fees on any transaction you're making with the gambling site. The big loser seems to be the gambling site that pays those fees but gets no business form you.

Main risk seems to be that they'd close your account "suspicious activity" or T&C violations or whatever.

I'm not going to try it, but I'd be curious if someone else does/has tried similar things in the past. This seems ... pretty silly.

Feb 28 at 6:25pmWeb
Show threadChris PartridgeFeb 28
I'm just excited for there to maybe be cases where people could take money away from the gambling companies that are working so hard on addicting America to betting on literally anything.