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Collecting miles - deposit to Moneybookers / Gambling?!

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Comments

  • jumperabv3
    jumperabv3 Posts: 1,231 Forumite
    Part of the Furniture 1,000 Posts
    reclusive46 wrote: »
    You'd still get the 3% cash advance fee.

    What if I deposit into Moneybookers?
    What kind of transaction does it count?
    What about Neteller?
  • GingerBob_3
    GingerBob_3 Posts: 3,659 Forumite
    matty_544 wrote: »
    gambling 99% of the time is a cash advance, therefore you would accrue interest from day 1 and any cash advance fee, usually around 3%.

    Did u know that?

    Yes. I can't understand why it should be, though. Do the CC card companies loose out on gambling transactions? I wouldn't have thought so.
  • guesswho2000
    guesswho2000 Posts: 1,703 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Uniform Washer
    jumperabv3 wrote: »
    Yes, but I'm repaying it from my bank same day so there is no interest to pay.

    This isn't the point, gambling is treated as a cash advance, cash advances don't accrue miles/points on any card to my knowledge.

    PayPal is treated as a purchase transaction afaik, so you could send yourself/family member cash using a CC, but you'll pay the PayPal fees on this which will exceed the value of any miles earned.
  • jumperabv3
    jumperabv3 Posts: 1,231 Forumite
    Part of the Furniture 1,000 Posts
    guesswho2000 wrote: »
    This isn't the point, gambling is treated as a cash advance, cash advances don't accrue miles/points on any card to my knowledge.

    PayPal is treated as a purchase transaction afaik, so you could send yourself/family member cash using a CC, but you'll pay the PayPal fees on this which will exceed the value of any miles earned.

    What about Moneybookers?
  • matty_544
    matty_544 Posts: 197 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    jumperabv3 wrote: »
    What about Moneybookers?

    Why don't you try it and let us all know?
    Swagbucks - Apr 14 - Nov 19
    PayPal £1745 Amazon £2285 John Lewis £170 Mastercard £380
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