Originally Posted by
Wonko
I assume to use the GCs to buy MOs & then use the MOs to pay off the higher-rate cards. That would be Manufactured Spending, not churning. MS is pretty dicey these days with the GC issues so if you go that route, DON'T buy more than you can float cuz you may end up stuck with them.
The only other option I can think of is, I keep getting balance transfer checks and offers in my online account for my Barclays Visa that incur a 5% or so fee and give a low or 0% interest rate, you might check your online account or call and see if any of those are available.
The "profit" from turning the $500 VISA gift cards into money order is only about ~$20 per.
They'd need a lot of money orders to make any dent in their "a few grand" debt.
What the OP needs to be doing is NOT spending money they don't have and pay down that credit card debt.
Pack your own lunch. Don't buy the newest iPhone. etc. etc.
They need to dig their way out or they'd end up in bankruptcy with bad credit score.