I have done the same thing recently and am very worried about it's legality now. I am happy to hear I don't have to report it as income but mine was on Square and it says in Virginia anything over $600 in card payments is reported to the state. I plan on paying off the card in full very soon as soon as possible. After doing research I am very worried that this is close to check kiting and I did not think it through plus there's videos all over YouTube telling you how to get cash off a credit card. Am I worried for no reason or do I have potential legal trouble?
I have every intention on paying the card off.
