Sending money to foreign countries: from your cc so you get points or miles? Archived From: Finance |
Anyone found or figured out a cost effective way to charge to your cc amounts you want to send for personal or business( such as paying your supplier in amounts of multi of $10,000) reasons to outside of US? Thank you in advance. Please do not hesitate to send PM if you wish.
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duna said:Anyone found or figured out a cost effective way to charge to your cc amounts you want to send for personal or business( such as paying your supplier) reasons to outside of US? Thank you in advance. Please do not hesitate to send PM if you wish.
QFT...
Now taking time to translate, I'll get back to you!
Paypal?
Moneygram...works but I think you can only do $899 per transaction. The nice thing is that you can do it online.
Also, the total fees, IIRC, comes to less than 3% of the amount transferred. So, with a 5% on all purchases card that treats MG as a purchase (many do), this is a good option....especially if you have a way to recoved the money, to rinse, and then repeat.
Given that using a credit card to send money overseas involves high fees - as well as high risk - I fail to see why anyone would do so to get points or miles.
Not only is there a 3% fee, but other side has to set up Paypal account??????
chocula said:Paypal?
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