<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by BigLar:
Yeah - I know about the fees.I wanted to address the ethics first.
Suppose the fee is 2%. Suppose I use my Diner's Club card to charge $100. The fee is $2.00. That transaction gets me 200 DC points, which I can converts to 200 BA miles, at one cent per mile. That's cheaper than I can get them pretty much anywhere else.
[This message has been edited by BigLar (edited 10-05-2003).]</font>
Well, the typical 2-2.5% rate is for visa/mc.. amex is somewhere around 3 and discover is even higher at 3.5% or so.. diners club is probably higher... if a friend with a merchant account were doing this for you and was audited like someone else mentioned they would see these thousands of dollars of extra deposits from the merchant account that wasnt on the books and assume it was other income.