My local bank has a point program via RewardsNOW. 1 point per $2 spend on debit purchases. I believe I could find some deposit-able, negotiable instrument to purchase and churn.

My concerns are two-fold. First, it's a credit union and a small bank. I often make my deposits with exactly the same person every time I go in. I'd have to make rounds of various branches I suppose. Or deposit via ATM? Not as easy to fly under the radar.

Second is T&C rule number 3: "In the event of Cardholder fraud, abuse of the Program privileges, or violation of the Rules, RCU, in its sole discretion, reserves the right to cancel your participation in the Program."

In your personal, professional, ethical opinion, whatever- do you think churning constitutes an "abuse of the program?" If not, what is that language meant to protect against? Would that give you pause? Does anyone have any personal experience with churning a program like this?