Originally Posted by
coolmuke
I am trying to understand the best use of AFT. Maybe good for minimum spend requirements. If ATM unload is the only option, it is probably not a good idea to deposit 5K in cash back to bank account.
how is everyone else using their AFT card.
Originally Posted by
ttlmmky
My suggestion: Find a bank that you can afford to get shut down. Local credit union does just fine. That being said, many banks don't care about large cash deposits
This is what I am thinking. Load AFT with Barclays. cash out and deposit.
Get VGC using Amex blue 5% and do WM BP to Barclays.
For $2000 -
AFT - Load fees $6, ATM fees(4.5X5) $21.25, cashBack - $40, Net - $12.75
VGC - Fees - 5.95X4=23.8 + 1.88 BP fees = $25.68, Cashback - $100, Net - 74.32
Net Profit - $87.07
Does it make sense?