Written by Chuck @ Doctor Of Credit
As of about two weeks ago, Mastercard gift cards no longer work at Walmart to process them as debit cards. This is relevant for things like loading Bluebird/Serve and buying money orders. Keep this in mind for the various Mastercard gift card deals tha…
Category: manufactured spend
Tax Court Rules Cash Reward Profits from Credit Card Manufactured Spend to be Taxable
Written by Chuck @ Doctor Of Credit
There’s an interesting ruling which came down from a tax court yesterday with regards to a couple who used their Old Blue Cash card to earn 5% cash back to buy Visa gift cards, convert them to money orders, and profit on the exchange. They spent over $6million during 2013 and 2014, and generated over […]