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How To Turn Credit Into Cash: Manufactured Spending

The Credit Brothers 299 views

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I'm an economist You're a certified 🤡
Comment from : @AssetAddict

its fraud
Comment from : @huwhughes

Don't listen to him
Comment from : @emeralddragonflystudio2475

Lies!! Can’t but a money order with debt gift cards!!
Comment from : @TrishaLund

Why wouldn't you want the credit?
Comment from : @TheInris-ke4qb

Are u able to just buy a pre paid Visa card and cash it out at atm? At a $500 limit?
Comment from : @dylanballtv561

You cant buy a money order with a gift card
Comment from : @concreteconceptsdesign2084

I feel like that would be legal money laundering
Comment from : @snapkingentertainment

,
Comment from : @dorisreibel1340

Scams
Comment from : @roythousand13

What is a Simon mall? You just mention it and flash it on the screen like everyone knows what that is
Comment from : @VM-oi3dk

I'm just glad i read all the comments, because i was about to go out, and do what the gentleman in the video said to do Thanks guys! 👍🏾
Comment from : @c50grand2

Money laundering 101
Comment from : @PrinceShabela

Don't listen to this fool, AMEX will cancel your account and black list you personally!!!!! He even looks like weasle, probably on the FBI most wanted list 💯
Comment from : @americanmuscle2993

That creepy grin says it all
Comment from : @unboxing4319

You can't use Visa/Mastercard/Discover/AmEx gift cards for money orders, sadly Also, do you know the AmEx RAT(Rewards Abuse Team)?
Comment from : @phonemaniacgamingyt1659

In order to do this you need to have a line of credit open with a different bank than your primary
Comment from : @IdkyettispaghettI

Help
Comment from : @traydastranG3x

This is lame Get a job
Comment from : @justme4171

When you get a cash visa or master card I believe it charges a fee So you buy a 100 dollar card but pay 103 dollars
Comment from : @cloudedjourney

Illegal
Comment from : @janicobrackenmillioniarely1617

Why couldn’t you buy the money orders with Amex and cut out the gift card?
Comment from : @michaelfalgares

This guys a idiot
Comment from : @GrillMasters-vc6cb

Can you do this with other stores such Walmart, home depot, lowes, and target? All of them sell gift cards
Comment from : @stanmoney8470

What about using Amex to buy money orders at usps
Comment from : @mrk716local91

This no longer works credit card companies aren't clueless and you just posted this publicly so it's nothing new
Comment from : @mreega4812

YouTube should demonetize your channel for spreading this information a lot of people are going to lose their relationships with their credit cards because you’re misleading them
Comment from : @Opinionated22

This is screaming: FRAUD
Comment from : @NonstopWorship

My capital one denied the card purchase
Comment from : @jimmytwotimes4328

Okay what about the intrest on cards, activation fees, money order fees At a 2 cash back on credit cards what am i actually getting? Not to menchen gas
Comment from : @BaileyZLeone

This is a lie you cannot buy a money order with a credit card
Comment from : @cauliflowerpower41

When I needed money to start my business without getting in trouble with my cc companies I had 50k in cc I went to a jewelry store and bought 50k of watches and sold them for 44k
Comment from : @robbierobinson6712

You are gonna get people screwed lots of banks have caught on and charge 28 interest
Comment from : @BLEACH500

You don’t need to buy gift cards just buy a Rolex and sell it
Comment from : @AMR19467

Nope you dont need to do the money order part😊
Comment from : @fnsilly8983

1 Use credit card to buy cracker barrel gift cardbrbr2 Tip a friend that works there all of the money on the cracker barrel gift cardbrbr3 Have friend give you cash you tipped them when they get their card tips cashed outbrbrORbrbrI think you can just straight up tip your friend with your credit card with however much money you want tipped out for cash
Comment from : @AustinShirks-dn4fo

Absolutely do not do this
Comment from : @thecoobs8820

Do not buy a gift card you’ll pay sales tax, have 1 card with 250$ cash bonus for spending 2k in 6 months with 0 balance transfer, and another card with 5 cash back on something you already buy Use the 5 cash back on card 2 and balance transfer to card 1 You will have made 350$ from credit card churning for spending the 2k you would have spent anyways
Comment from : @jordanespinoza7738

I'm pretty sure gift cards and money orders both cost money You'll end up doing all of this and profit maybe $125 in points And you'll end up burning much more than that in gas Not to mention that if the banks catch you doing this, as mentioned by others, they will terminate your account Even if this worked it wouldn't be worth it
Comment from : @01man01truck

And that’s how you laundry money
Comment from : @Yoskio

Oooooh I get it now lolbrbr12142023
Comment from : @adventureswithadrienne

Don’t they close your account when you do that?
Comment from : @solmaramos5112

HECK NO!
Comment from : @YedydyaXD

A lot of work for some points
Comment from : @terrencetaylor4822

I have a better idea, how about just getting a * job and living an honest life Also what's up with that lightbulb you have for a head Did God not give you the testosterones to grow hair?
Comment from : @spacecoastdriver

If u have navy fed u can get a go prepaid debit card connect ur credit card and take out 1k a day
Comment from : @lachellegrant

There are no fees involved? For the prepaid card or the money order?
Comment from : @MahoneyBadger

Wow or you could just work hard and spend the money you earn instead of being greedy
Comment from : @trking92

I recently initiated a balanced transfer with a 0 interest card The balance transfer was between chase bank and capital one I paid a $1000 and the credit card amount billl on the capital one was five hundred dollars Capital one mailed me a check 500 hundred dollars Your mileage may vary
Comment from : @MicheleSimone-q3n

New York City's dont allows that strategy over here Especially in cashiers The FBI see all that happening everyday dont be a fuck up people 💯🇺🇲
Comment from : @RaphaelBrooklyn718

😂😂😂 this guy is nuts and wrong
Comment from : @weirdphax5406

You could just use a cash advance promo offered by your credit card with 0 interest
Comment from : @Arlene_witha_y

You can never purchase a gift card with a credit card You must pay cash or use a debit card
Comment from : @abdulbic553

Listen bud do not go to a Simon mall go to a Meijer gas station!!!!! Not Meijer grocery store Meijer gas station cuz 10 times out of 10 times it’s a Indian guy who barely speaks English working in the counter and the moment you walk in you look to your right and see a entire shelf full of gift cards and prepaid debit cards to restaurants or prepaid visas crazy part I was 13 years old when I did this and I went to the Meijer grocery store first but the manager said he wasn’t allowed to sell prepaid cards to somebody under the age of 18 So instead of just walking back to the house with nothing I decided to go to the gas station to see and that’s when I knew and that’s how I got it but now I go it
Comment from : @voice_crack_gamer6937

Worst credit advice
Comment from : @anandr1385

Jaja does not work any more in Walmart
Comment from : @TheDicampo

Just keep in mind you risk the chance of your credit card being terminated
Comment from : @holylabs

This is a bad practice and ultimately we lose because credit card companies lose money if a lot of people do this and they in turn devalue the credit cards massively brbrDon't do this, your credit card might get cancelled and all reward points forfeited brbrDon't listen to this moron who just wants some views to grow his channel so he can get sponsorship from finance companies brbrShame on you!
Comment from : @smartmoon786

I was using this method when I was buying visa gift cards with black web credit cards All together I turned around 30k of credit from multiple accounts into cash
Comment from : @FinessicanEntertainment

Dmmm 🤯
Comment from : @mbalastago

Theres a better method than this Hit me up
Comment from : @fnsilly8983

Can't buy a money order with a credit card and especially a gift card!!
Comment from : @thefront5871

Manufactured spending
Comment from : @silenthunterofficial

Ahh it’s a $1 sacrifice for the money order nooooo😩🤯🤯
Comment from : @idonumberzz

Does this still work ? Don’t know how old this video is ? Its 2023 ?
Comment from : @chrisbruce5533

Can’t you go to jail for this ??
Comment from : @williamfeliciano-w7r

Yeah, this was legal at one point But now credit card companies have cracked down on it Unfortunately, you can't do this anymore
Comment from : @1072309man

We call this manufactured spend, and no credit card companies do not like this
Comment from : @trainergar6675

Bad advice
Comment from : @seanmarshallnibbs6878

The confident in his face almost made me do it 😂
Comment from : @joselo1001

You need to take this video down, you are putting your own aspirations of gaining followers and creating a brand above the well being of your viewers There is someone out there who is coming to you for financial advice and out of your own greed and hubris you are giving them absolutely horrible financial advice that will destroy them This is unethical and you should be ashamed of your ignorance Furthermore you have now shown publicly that any information you, or your brother gives is unreliable and should be interpreted as false information You are a charlatan and history will forget you
Comment from : @mcdougal3449

This is so stupid
Comment from : @JacobBenavides

Funny how we are on the verge of a financial collapse and we are seeing videos about credit and what kind of credit cards you should get and how to use your credit to turn it into cash? Yeah do it and find yourself in massive debt
Comment from : @jmac6522

So just money londer got it
Comment from : @samanthagriffinv208

You’re so late to points and miles game if you do this This died in like 2013 don’t do this!!!
Comment from : @ritchruiz6894

Money glitches are illegal
Comment from : @makingbets

The only way the loop hole works is if you buy and sell gold at market price
Comment from : @dawsondesantis5335

Hard pass on this plate of bullshit
Comment from : @JMK15

UK VERSION?
Comment from : @jacklifestyle28

Horrible advice and old advice…credit card companies know about this and will close your account for manufactured spending
Comment from : @kemetm3

Dumb
Comment from : @jeff_AZ

Yeah this sounds off I mean I get what's he's trying to do but there's too much scamming as it is with gift cards and the retailers are telling their people to look out for weird kind of purchases
Comment from : @allthebest1277

It seems like such a bad idea!
Comment from : @NJgateway

Now they classify it as a cash advance
Comment from : @ja7857

I hope the APR on your credit card is -10
Comment from : @timm_3r

Even if you could slip this passed your CC lender, the fees associated with buying the gift card and buying the money order far outweigh the return in points Not to mention the time and fuel cost doing this
Comment from : @GRIMRPR6942