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If you can't afford to pay off your credit card Ballance, pay yourself the amount on Cashapp or Venmo, instant withdraw then pay off balance. (lemmy.world)
submitted 1 week ago by Sackeshi@lemmy.world to c/lifeprotips@lemmy.world
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If you don't pay off your monthly credit card statement in full you will have to pay 25% interest until its paid off, not fun. So instead as a fail safe, I created 2 cashapp accounts, 1 attacked to my checking account for my bank, and 1 attached to my credit card.

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[-] neidu3@sh.itjust.works 1 points 1 week ago

Yes, this is definitely it - a loophole. No way credit card issuers are smart enough to put up guardrails against this.

... yes, that was sarcasm.

this post was submitted on 06 Aug 2025
-1 points (33.3% liked)

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