Any problems with this strategy?

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chas0039
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Any problems with this strategy?

Postby chas0039 » Sat Jan 04, 2014 10:50 pm

I have seen some reviews where people have purchased Amazon and other store cards at Staples to get higher points. Would using an Amex Blue Preferred at a grocery store work the same way and get 6% back?

Do grocery stores also sell Amazon cards at face?

Thanks


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djrez4
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Postby djrez4 » Sun Jan 05, 2014 1:56 am

Yes, yes, and yes, to the $6000 limit.
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samhradh
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Postby samhradh » Sun Jan 05, 2014 8:38 am

I feel like I know a fair amount about cards but there's one thing that holds me back from doing MS: When I read the fine print on sign-up rewards, etc. it always says purchasing gift or pre-paid debits does not qualify as spend.

Yet so many people use this strategy. Does it mean that the companies aren't really tracking what we're buying? And only if we get FR and they discover we were buying gift cards that they can then say "Your purchases do not qualify?"

One last related Q: I've read on FT and other places that some card issuers do code gift/pre-paid cards as cash advance. Is this still true and does anyone know for sure who does? I don't want to get my head bitten off at FT but I have tried searching for a current thread on this with no luck.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

daniel2304
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Postby daniel2304 » Sun Jan 05, 2014 9:56 am

1/ Credit card company doesn't specifically what you bought, they all depend on the merchant. Use mix-match to go.
2/ You can always call and set your cash advance line to 0.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

chas0039
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Postby chas0039 » Sun Jan 05, 2014 10:55 am

Thanks guys. Nice to know this option is available. The only downside I can see is the loss of extended warranty. In other cases, I prefer giving the swipe fees to Amex over Chase anyway.

I get the feeling the fine print is for the in house cards.



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