Bitcoin for manufactured spend
Dec 13, 2013, 6:23 am
#31
Join Date: Dec 2009
Location: HNL
Programs: UA 1K; Marriott Plat; Hyatt Diamond; CCarlson Elite
Posts: 641
Interesting story on Bitcoin here: FINCEN is definitely watching....
Dec 13, 2013, 8:20 am
#32
Join Date: Jun 2012
Programs: AA EXP, Hyatt Globalist, *A Silver
Posts: 4,896
Dec 14, 2013, 4:09 pm
#33
Join Date: Mar 2012
Location: world
Programs: all
Posts: 1,422
Dec 17, 2013, 8:14 am
#36
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499
I'm really hoping someone goes in big here so we can have a good laugh telling you "told you so" when your money goes up in smoke
Dec 18, 2013, 8:48 am
#37
Join Date: Mar 2012
Location: world
Programs: all
Posts: 1,422
Oct 9, 2014, 9:44 am
#39
Join Date: Jun 2004
Location: Queens, NY
Programs: Bonvoy Titanium, OW Emerald, HH Diamond
Posts: 1,066
Bringing up this older thread because circle.com has just gone live for all. There are no transaction fees (one of the bigger reasons folks said MS via bitcoin would be unfeasible).
http://www.engadget.com/2014/09/29/c...-opens-to-all/
Might be a good time to regroup and see if we can make this possible.
Edit: I just checked and the processing fee for CC transactions is 2.90% with Circle. I guess if you are speculating on BTC rising in value, you could net out the fee.
http://www.engadget.com/2014/09/29/c...-opens-to-all/
Might be a good time to regroup and see if we can make this possible.
Edit: I just checked and the processing fee for CC transactions is 2.90% with Circle. I guess if you are speculating on BTC rising in value, you could net out the fee.
Last edited by vivrant; Oct 9, 2014 at 11:00 am Reason: added in the actual processing fee
Oct 9, 2014, 2:47 pm
#40
Join Date: Jun 2013
Posts: 26
Bringing up this older thread because circle.com has just gone live for all. There are no transaction fees (one of the bigger reasons folks said MS via bitcoin would be unfeasible).
http://www.engadget.com/2014/09/29/c...-opens-to-all/
Might be a good time to regroup and see if we can make this possible.
Edit: I just checked and the processing fee for CC transactions is 2.90% with Circle. I guess if you are speculating on BTC rising in value, you could net out the fee.
http://www.engadget.com/2014/09/29/c...-opens-to-all/
Might be a good time to regroup and see if we can make this possible.
Edit: I just checked and the processing fee for CC transactions is 2.90% with Circle. I guess if you are speculating on BTC rising in value, you could net out the fee.
I'll give it a try soon myself. While the 2.9% rate isn't attractive enough for just earning points month/month, it's still potentially a good avenue for meeting large minimum spend requirements.
FWIW:
Warning about possible CC cash advance fees include's Circles MCC code: https://support.circle.com/hc/en-us/...edit-Card-Fees
Limits aren't clear... aparently there is something called and instant access limit which goes up as your transaction history gets established, otherwise your funds are tied up in the account while transaction tak 3-5 days to clear. This is risky with how volatile BC currently is.
Last edited by jb510; Oct 9, 2014 at 3:23 pm
Oct 10, 2014, 11:31 am
#41
Join Date: Jun 2014
Posts: 41
Eager to hear if anyone has done this and how the transaction showed up (Purchase or Cash Advance) and what if any limits there are?
I'll give it a try soon myself. While the 2.9% rate isn't attractive enough for just earning points month/month, it's still potentially a good avenue for meeting large minimum spend requirements.
FWIW:
Warning about possible CC cash advance fees include's Circles MCC code: https://support.circle.com/hc/en-us/...edit-Card-Fees
Limits aren't clear... aparently there is something called and instant access limit which goes up as your transaction history gets established, otherwise your funds are tied up in the account while transaction tak 3-5 days to clear. This is risky with how volatile BC currently is.
I'll give it a try soon myself. While the 2.9% rate isn't attractive enough for just earning points month/month, it's still potentially a good avenue for meeting large minimum spend requirements.
FWIW:
Warning about possible CC cash advance fees include's Circles MCC code: https://support.circle.com/hc/en-us/...edit-Card-Fees
Limits aren't clear... aparently there is something called and instant access limit which goes up as your transaction history gets established, otherwise your funds are tied up in the account while transaction tak 3-5 days to clear. This is risky with how volatile BC currently is.
Oct 11, 2014, 9:23 pm
#42
Join Date: Sep 2014
Location: ISP / NYP
Programs: Citi TY, Amex MR, Chase UR, Choice CP, Marriott MR, AGR, RapidRewards
Posts: 24
I had tried to load circle.com with BlueBird checking.
It linked the account, I saw the cents deposits but the withdrawal ultimately failed. I was up $12 before they pulled the BTC back.
@henrythefourth
It linked the account, I saw the cents deposits but the withdrawal ultimately failed. I was up $12 before they pulled the BTC back.
@henrythefourth
Oct 12, 2014, 10:42 am
#45
Join Date: May 2012
Posts: 168
Bringing up this older thread because circle.com has just gone live for all. There are no transaction fees (one of the bigger reasons folks said MS via bitcoin would be unfeasible).
http://www.engadget.com/2014/09/29/c...-opens-to-all/
Might be a good time to regroup and see if we can make this possible.
Edit: I just checked and the processing fee for CC transactions is 2.90% with Circle. I guess if you are speculating on BTC rising in value, you could net out the fee.
http://www.engadget.com/2014/09/29/c...-opens-to-all/
Might be a good time to regroup and see if we can make this possible.
Edit: I just checked and the processing fee for CC transactions is 2.90% with Circle. I guess if you are speculating on BTC rising in value, you could net out the fee.