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re: Question for you guys that jump on these Credit Card Promotions
Posted on 12/6/13 at 12:42 pm to JustinTI
Posted on 12/6/13 at 12:42 pm to JustinTI
quote:
Admittedly, I quit trying after I was denied a couple times a little while ago.
Ya every thing I read says they shut it down pretty consistently across the board.
1
Posted on 12/6/13 at 12:43 pm to GenesChin
quote:
Vanilla Reloadable prepaid card, a prepaid card that has the unique feature of having a pin and other things. Features of the card allow you to put the money on the VR onto a bluebird checking account through walmart.
You can than pay off your credit card using the bluebird account I believe
So basically, you purchase a pre-paid card with your CC and get rewards points for the purchase... You then cash out the pre-paid card and pay off the CC with the same funds?
Posted on 12/6/13 at 12:54 pm to Lsut81
quote:
So basically, you purchase a pre-paid card with your CC and get rewards points for the purchase... You then cash out the pre-paid card and pay off the CC with the same funds?
You got it.
But I usually disguise it a bit. I may buy the VR with Card #1, load VR to Bluebird, and pay off Card #2, and cycle through.
I want to make it at least a little bit challenging for them.
Posted on 12/6/13 at 12:58 pm to Teddy Ruxpin
quote:
You got it.
How many pts did you make off of this?
Posted on 12/6/13 at 1:43 pm to Lsut81
Hey Fro, found some VRs today so I'm good.
LSU, I started slow and was just paying rent at first, but last month I maxed out my bluebird at $5,000/5,000 points worth for the month on top of my regular spending which is about 4k a month.
FYI I used three separate cards for this one of them is my fiance's that way they can't see me spending 90 thousand dollars a year.
Eta: 5,000 is chump change if you can purchase them at a bonus category merchant
LSU, I started slow and was just paying rent at first, but last month I maxed out my bluebird at $5,000/5,000 points worth for the month on top of my regular spending which is about 4k a month.
FYI I used three separate cards for this one of them is my fiance's that way they can't see me spending 90 thousand dollars a year.
Eta: 5,000 is chump change if you can purchase them at a bonus category merchant
This post was edited on 12/6/13 at 1:53 pm
Posted on 12/6/13 at 1:47 pm to Teddy Ruxpin
quote:Yeah. Apparently that is true. I thought I bought my last prepaids from Office Depot but I obviously didn't as they wouldn't take my CC today...
Ya every thing I read says they shut it down pretty consistently across the board.
Now, I will have to see if I can find merchant classified as "office supply" in the area.
Posted on 12/6/13 at 1:53 pm to LSUAfro
If you figure one out, please share. We can talk code or something
Posted on 12/6/13 at 1:55 pm to LSUAfro
Another thought...albeit extreme, but has me thinking I'm starting to agree w/ my wife on the "I have issues" thought.
I'm starting to agree w/ my wife on the "I have issues" thought. This post was edited on 12/6/13 at 2:48 pm
Posted on 12/6/13 at 2:04 pm to LSUAfro
quote:
use Paypal square to accept CC payments
I looked in to that as a method of liquidating giftcards before AMEX Prepaid/Bluebird. Everything I read says that you will get shut down very quickly for non-legit use...Though maybe it would work in that situation. I'd gladly buy some from you if it worked out.
Posted on 12/6/13 at 2:06 pm to LSUAfro
See a doctor
Like the creativity
Like the creativity
Posted on 12/6/13 at 2:13 pm to JustinTI
quote:
I looked in to that as a method of liquidating giftcards before AMEX Prepaid/Bluebird. Everything I read says that you will get shut down very quickly for non-legit use
I actually use Paypal for my business now. Paypal makes plenty off of me already, and it wouldn't be "non-legit" use. I would legitimately be selling prepaid visa cards.
quote:I'll look in to it
I'd gladly buy some from you if it worked out.
. I'll get one of those prepaid racks in my house, sell paper and office supply products to my company. I'm going to look in to this.Posted on 12/6/13 at 3:15 pm to LSUAfro
Just finished my circuit and didn't like the news.
CVS #1 out
CVS #2 Very low
CVS #3 out
Hopefully we get a Christmas miracle.
Too bad we don't have Staples around here. People do the 5x bonus there with $200 gift cards I believe. I'm going to have to start destroying my Mississippi hometown's CVS every time I'm there. I'm sure the residents don't have a clue about these sort of things
CVS #1 out
CVS #2 Very low
CVS #3 out
Hopefully we get a Christmas miracle.
Too bad we don't have Staples around here. People do the 5x bonus there with $200 gift cards I believe. I'm going to have to start destroying my Mississippi hometown's CVS every time I'm there. I'm sure the residents don't have a clue about these sort of things
Posted on 12/6/13 at 3:23 pm to Teddy Ruxpin
quote:
Hopefully we get a Christmas miracle.
So is the only benefit if you have the walmart checking account?
Posted on 12/6/13 at 3:28 pm to Lsut81
quote:
So is the only benefit if you have the walmart checking account?
Well, Bluebird is made by Amex. Walmart comes into play if you want to do a "swipe load" from a prepaid card. If you buy VRs you don't have to go to a Walmart, those can be loaded onto Bluebird online.
Bluebird is the main way people do this right now, but there are others. A Bluebird account is free so there is no reason not to get one IMO.
Posted on 12/6/13 at 3:52 pm to Teddy Ruxpin
quote:I read that too.
People do the 5x bonus there with $200 gift cards I believe
Doesn't NOLA have an Office Max?
quote:Yeah. I hit 3 or 4 before I finally found them in BR. You might be right. The key might be to find the more rural CVS.
I'm going to have to start destroying my Mississippi hometown's CVS every time I'm there
Posted on 12/6/13 at 3:55 pm to LSUAfro
quote:
Doesn't NOLA have an Office Max?
You're right, one out in Harahan. Not sure if they'll let me do what I want to do, but doesn't hurt to take a look at it or search online.
Posted on 12/11/13 at 4:32 pm to Teddy Ruxpin
I just want to bump this to celebrate locking down the Chase Ink Plus today.
Feels fricking awesome
Feels fricking awesome
Posted on 12/11/13 at 6:41 pm to Teddy Ruxpin
So if I did this with my delta Amex to the tune of 60k... They would catch this pretty quick right?
Posted on 12/11/13 at 7:02 pm to BACONisMEATcandy
"This" being manufacturing spend?
The answer is "it depends"
Amex does financial reviews so if you have an income along with an SO that could theoretically support that level of spending then you are fine from what I can tell.
They really are looking for people making 40k a year with 200k in spending or purchases that don't match previous activity. I started slow and spread the spend across my cards and my SO's.
Hope that was your question.
ETA: I also have legitimate expenses that I'm covering as well such as rent and student loans. Since I could afford these straight up, my level of spend doesn't alert them as being a risk of default. They are more worried about holding the bag, not too much about what you are doing, but that is still there as well.
The answer is "it depends"
Amex does financial reviews so if you have an income along with an SO that could theoretically support that level of spending then you are fine from what I can tell.
They really are looking for people making 40k a year with 200k in spending or purchases that don't match previous activity. I started slow and spread the spend across my cards and my SO's.
Hope that was your question.
ETA: I also have legitimate expenses that I'm covering as well such as rent and student loans. Since I could afford these straight up, my level of spend doesn't alert them as being a risk of default. They are more worried about holding the bag, not too much about what you are doing, but that is still there as well.
This post was edited on 12/11/13 at 7:10 pm
Posted on 12/11/13 at 11:08 pm to BACONisMEATcandy
From what I've read, Amex is the only card that you have to be careful with for manufactured spend. My wife and I use our Amex spg frequently and also put a considerable amount of MS on it.
60k/yr is substantial in MS. I wouldn't personally do that much on one account. I would spread that over a couple cards. I only hit 30k to get spg gold and move to another card.
60k/yr is substantial in MS. I wouldn't personally do that much on one account. I would spread that over a couple cards. I only hit 30k to get spg gold and move to another card.
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