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> Open 2 bank accounts
> Get 2 credit cards
> Use 1 cc to pay the bill of the other cc
> repeat until credit score is big and cc limit is thru the roof
> go on spending spree
> 2 months of everything free
> flee to country that won't deport you as criminalAs someone who games banks as best I can this would absolutely not work.
Not anymore at least
As best you legally can…
Ah, yes, let's go with that.
Credit cards caught on to this around 2010 or so. That’s why balance transfers always have a fee now. You could do this with either balance transfers or cash advances, both of which have fees now. So you’ll end up increasing the balance by 3% each month.
My grandparents did this for decades with 20+ cards. Yes it's illegal to do this.