[JohnKreese]

I wanted to update this thread with some information that may be valuable to those out there who are interested in hitting credit card spends for the purpose of acquiring certain signup bonuses. While there are a number of ways to hit these spends, one of the most common ones is the gift card -> money order -> bank deposit -> pay off credit card sequence. Between the time it takes to facilitate all of this and the fact that gift cards will run $6-10 per $500 card (plus money order fees), there are some costs (in both time and money) that begin to add up. GoldMoney can make this process much more efficient.

Deposits can be made with bank account transfers AND with CCs, (amongst a few other methods) with only a .5% processing fee. Withdraws can be made to bank accounts also at a .5% clip. So, one can open an account, deposit the necessary amounts required to hit spends via CC, wait for the gold/deposit to post, cash out, and use the previously deposited funds to pay off the card. With a total of 1% fees (plus or minus the fluctuations of the gold market), one can easily hit a spend of $1-10k with under $100 in fees and never have to leave the house.

NOTE: At this time, GoldMoney does NOT allow CC deposits via Amex. This might change in the future, but please consider this if you are considering opening an account an depositing via Amex.

I can vouch that this has worked for me and saves a lot of time and hassle. Let me know if I can explain further or if you’d like a referral link.