Originally Posted by
Ritz
Not so sure how it defeats the purpose?? If the OP is just funding a new bank account for the purpose of churning - as most do on FT - than it would hardly seem like the purpose is defeated by my suggestion
One often only needs to deposit anywhere from $200-$2500 to reap many churning benefits from opening a new account.
The major benefit from funding a new bank account with a credit card is that you can get miles/points on the credit card (usually one mile per dollar). In this case you can only fund max $3000 from your PayPal debit card so you only get 3000 miles. Dellman's credit card limit is $90K- so going to any trouble for 3000 miles only is a waste of time for him.