I wouldn't encourage you to generate spending this way.
Paypal has became very strict with sending large amounts of amount between personal accounts (using credit card).
In worst case scenario, you may be on the hook for large amount of money withhold by paypal and it will be very time consuming and pain stacking to get the money back from Paypal.
If you absolutely have to generate spending, I would suggest you looking in to low fee prepaid gift cards from visa, mastercard, american express or discover. So that you can use those prepaid cards well in to next year (the 3% fee you are paying on paypal might very well cover the interest you lose until you spend the gift cards).
Originally Posted by
Seated in First
I did a search for Paypal and this seemed the closest to what I was looking for.
I've not bothered with the BA Chase Visa (US based) until now but it has a deal where if you spend $30k in a calendar year you get a voucher for a free companion ticket when using miles. I've had a similar voucher with my BA Amex in the UK and it is excellent.
I've just signed up for the card and $30k before the end of the year in personal spend is likely to be difficult for me but a lightbulb came on about using Paypal. It seems a bad way to generate miles from a cost perspective but if I could spend around $30/$1000 to get this voucher it could be worth doing.
Is the information in this thread from 2years back still relevant?
Thanks
M
