re: How to make $300k arbitraging credit card points and then pay zero taxes on it

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some people are making money also selling their credit.

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I looked into doing that a couple years ago, and there really isnt much risk of anything going awry or affecting you financially except *possibly* having your card canceled by the issuing company .. most people who make money this way use credit cards where they dont care so much if it eventually gets cancelled… the problem is, the cards i have that are older (thereby generating more profit) are the ones i would not want to have cancelled.. and the ones that i have that i could care less if they get cancelled, are generally not as “old” so not as highly prized or sellable .