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 benefits of funding a bank account using CC, is the spending on CC would earn - which usually is $1 for a mile/point, or if it is a 2% rebate card, it is 2% per $ spent - therefore, $3000 is meaningless.
It is not the sign up bonus of $100 to $150 that kind of stuff.
Anything below $30K to many is a total waste of time, not to mention the possible headache when things dont go right.