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re: Best Credit Card for big expense

Posted on 7/16/13 at 12:23 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
39602 posts
Posted on 7/16/13 at 12:23 pm to
quote:

If that's it I am interested


Unfortunately, no.

Its Credit Card to buy a gift card/Vanilla Reload card, Visa Gift Card then load to Blue Bird.

As of right now, my easy route is buying Chase Gift Cards since they are free to have shipped temporarily (usually $4.95). So, I buy the Chase gift card online and then they mail them to me, then I load them onto Bluebird then have bluebird send a check. The whole process takes 10 minutes if you count buying the gift card.

The activation fees on the gift cards are what "kill" most of the bonus. So people usually buy the cards at places that have 5x bonus categories like CVS when Freedom had 5x drug stores, or Office Depot with Chase Ink.

Its pretty easy once you figure out where to buy what you need. I think its worth it if you live/work near a convenient drug store/office supply store. You might have to do some initial leg work to figure where to buy, which stores let you load the cards with your CC (some only take cash). But once you have willing partners, its a breeze.

Note: Some people create infinite loops, where they just pay off the credit card then purchase gift cards again, and around and around. I don't do that, but its possible. I wouldn't recommend doing that with your Amex card and Bluebird, since theoretically, Amex could see all the transactions.
This post was edited on 7/16/13 at 12:27 pm
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 7/16/13 at 12:32 pm to
Yeah... that is not worth it to me
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