chas0039 wrote:I would suspect that gift cards as well as few other financial items clearly show up to the CC company. They are processed in a unique way at the checkout. With the way computers are connected these days, they can track anything they want.
I can say with a pretty high degree of certainty that under ordinary circumstances
, credit card companies do not know when a gift cards is purchased unless the merchant codes it as a cash advance. The exception would be any kind of commercial card (such as the Mastercard Fleet Card, Visa Commercial Card, or any kind of truck fuel card).
This is why trucking companies, until a few years ago, stayed away from V/MC/D/Amex... because truck drivers would take the company's Visa Card to the "Gentlemen's Club" across from the truck stop and tell their bosses they bought $500 in fuel. Trucking companies asked Visa/Master Card for help and were told the network wasn't set up to allow tracking by type of spending other than purchases and cash advances. So the trucking industry created their own alternate card system(cards like Comdata, T-chek, etc) to track exactly what their employees bought and also limit where they bought it. I know this because I've worked in the truck stop world for a decade, in management and accounting. So unless you have some sort of fleet or commercial card, there isn't enough information being passed from the merchant to the credit card company to track what items you are spending
A caveat though: If the credit card company does suspect you are buying gift cards... they CAN ask the merchant for a copy of the receipt, even without asking the customer.
In my Wallet:
Sometimes in my Wallet:
- Amex PRG NPSL[3-14, bd 91]
- Sallie Mae MC $8000[1-14]
- Chase Freedom $4700[1-14]
- Discover It $2750[8-13]
- BoA UCF Alumni Cash Rewards $5000 [3-15]
- GM BuyPower WEMC $5000[9-14]
- Wells Fargo Propel 365 Amex $7000[4-14]
- Barclaycard Arrival WEMC $7000[3-14]
- BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450