Originally Posted by
cashback
It has nothing to do with a particular CC. It is a separate bank for the checking account.
For my situation, my checking balance gets inflated via MOs and AP. I don't max out the 25K. My average daily balance is about 19K, but without MS it would be about 8 or 9K.
I don't see why paying taxes is a deterrent for making money.
Ahh.. I got you. You are using a RCA as your churn deposit account.
For some reason I though you were just taking $$$ from you CC and parking it into the account for a while (like they used to do in the 0% for life CC and 5% APR savings account). Or even using reloads to pull the $$$ out.
It's a good plan but AFAIK most good RCAs are with small CUs that aren't as welcoming of daily MO deposits as say a Chase or one of the big boys. If you have a RCA that's local and don't mind the high throughput of cash coming and going then its a great plan. The debit swipe requirement isn't an issue either as you can Use AP for that.
You are right too. Paying taxes should not be a deterrent to making $$$.