I have put this post in 12 topic and here as well to help members be aware of EMO fees and other fees occured while using a WellsFargo credit card.
I had an very expensive experience using my Credit card while Funding EMO.(Which ultimately was for a 12Dp upgrade).
Here's the summary. I Needed 3k EMO on a given day to upgrade at 12Dp.
1) EMO charges 6 %, so I was charged $3180 on my Cr Card and I got 3k EMO in my EMO account.
2) After 6 days, my bank displayed the EMO transactions as a CASH WITHDRAWL, means they charged another 4 % as CASH withdrawl fees.
3) The interest on this CASH TRANSACTION is 24% annually, but no matter when you pay, you have to pay the interest for at least a Month.
So ultimately, to FUND 3k EMO via my Cr Card, the cost was $180(6%) by EMO + $ 120(4%) by Credit Card company.
Now, what I would have liked is EMO transactions appearing on my US credit card as a Cash Transaction.
Last Month, I had used PayPal for DadnDaves which was ultimately funded from my Credit Card.
Here, the DADnDaves transaction DID appear as a Purchase transaction, saving me from bearing the hefty fees and giving me a nice 50 day creidt period.
Just wanted, to give a heads up to fellow EMO members in the cost they would pay to user their US credit cards to fund EMO. which is a straight 10%.
Still, my 12dp profit for the above 3k would be 34%.