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What is the purpose of doing it though? Why not just buy them on your current account?
Because I wanted the account to be a non-limited account.
As I understand it, adding funds via credit card or PayPal, basically anything that is not a wallet card, qualifies as a purchase for the purposes of the community market.
That's correct.
No after you added money to your Wallet, a Steam Store purchase isn't required to access the Market. As you can see, this here explains what will remove a Limited User.
https://support.steampowered.com/kb_article.php?ref=3330-IAGK-7663
Further edit:-
https://support.steampowered.com/kb_article.php?ref=1047-edfm-2932
Purchase Limitations
Your account must have a successful purchase older than 30 days, but not older than a year in order to access the Community Market. The purchase of wallet funds, games, DLCs and software meet this requirement. Retail CD key activations and gift purchases do not satisfy this requirement.
Correct. But we aren't talking about the OP's main account. We're talking about the OP's second account here. Which is limited. So once he spends $5 by the Steam Store, or adding funds that is = to $5, then the 30 day count down starts.
Basically; if a user doesn't have access to the market because they don't have a purchase on record that's 30 days old; adding wallet funds by wallet code regardless of the amount wont work.
Hence why this post is incorrect. I could have a limited account; add $500 to it with a wallet code to become unlimited but until I have a valid purchase from the Steam Store i.e a game; I wont be able to access the market whatsoever until I do this and then waited a full 30 days.
The OP's second account is limited, clearly started at the top. "my other Steam account that is limited".
So if you read the info in the link provided, it states this.
How do I gain access to these features?
- Adding the equivalent of $5 USD or more to your Steam Wallet
- Purchasing game(s) that are equal to $5 USD or more from the Steam store
- Adding a Steam Wallet card that is equal to $5 USD or more to your Steam account
- Purchasing a Steam gift that is equal to $5 USD or more from the Steam store (Receiving a Steam gift from a friend doesn't count)
Based on that, a purchase of any value isn't needed since it say it isn't in the link.