I figured there might be something along the lines of being limited to purchases and anything used to service debt would become cash in the eyes of CC company, which does have significantly worse terms
Thank you for the insight!
Yeah, it’s pretty much the idea of kiting but without intention for scamming/lying - just hoping to take advantage of the difference in how interest is applied to debt without breaking the law.
Considering there is still risk involved (bank/CC get paid either way, and miss timing the transaction results in interest payments to them) its more of a risk tolerance approach than scam/fraud, but I don’t doubt the Bank’s diligence in protecting their assets.
Hopefully they can do a debt consolidation, and get a better rate, but with interest rates where they are I am not sure it would be much better than line of credit
I became a daily lemmy user right around the great beaning, and will always support bean related content!
They’re a moron spending money on Trump NFT’s. Imagine the poor soul who gets the part of the suit that was Diaper adjacent.
$1,500 might also be considered a steal for a portion of cult leaders authentic shit stained garb.
At first I thought “what’s next, Trump’s on OnlyFans?” which was funny until I realized he’d probably get millions of dollars every day from it.