Or more particularly, how much would you pay to get point-earning purchases onto your credit card?
For example, say there was a store that let you make a purchase for $1,000 on your credit card, then refunded the $1,000 to your bank account. So you get the points from your credit card for the $1,000 spend. Also, say you got the funds back quickly - within a few days - so you could cycle the same funds through this store over and over again.
The catch is that you have to pay the store a credit card processing fee, so the amount billed to your credit card is actually $1,000 plus the fee.
What fee would you be willing to pay for something like this?
For example, say there was a store that let you make a purchase for $1,000 on your credit card, then refunded the $1,000 to your bank account. So you get the points from your credit card for the $1,000 spend. Also, say you got the funds back quickly - within a few days - so you could cycle the same funds through this store over and over again.
The catch is that you have to pay the store a credit card processing fee, so the amount billed to your credit card is actually $1,000 plus the fee.
What fee would you be willing to pay for something like this?