Funding new bank/CU account(s) with a credit card - Postmortem
Mar 10, 2013, 4:59 pm
#1
Original Poster
Join Date: Feb 2013
Location: NY
Posts: 233
Funding new bank/CU account(s) with a credit card
I just opened a new account at a credit union that allows funding via CC to checking/savings accounts. I tried $2500 on my Chase Ink Plus MC. It went through as a purchase.
Anyone else use this method to meet spending requirements? I'm sure there have been threads on this type of manufactured spending, but I haven't seen anything in quite a while around here on this method specifically.
Anyone else use this method to meet spending requirements? I'm sure there have been threads on this type of manufactured spending, but I haven't seen anything in quite a while around here on this method specifically.
Mar 10, 2013, 5:16 pm
#2
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Yes, thanks to Marie Laveau, the voodoo queen of New Orleans, this technique lives on after it was declared dead and buried in the ground. But we don't speak of reanimation on the board because zombie opportunities are fragile and fall apart easily. The opportunities cannot survive goldrushing and the traffic generated by subsequent blogging. Typically they are referenced by aliases and distributed by PM. Some opportunities are very limited. They range from about $50 to $5,000 per one time deposit. Many cards will produce a cash advance fee. Chase cards are the rare exception to the cash advance fees.
Mar 10, 2013, 5:37 pm
#3
Original Poster
Join Date: Feb 2013
Location: NY
Posts: 233
Yes, thanks to Marie Laveau, the voodoo queen of New Orleans, this technique lives on after it was declared dead and buried in the ground. But we don't speak of reanimation on the board because zombie opportunities are fragile and fall apart easily. The opportunities cannot survive goldrushing and the traffic generated by subsequent blogging. Typically they are referenced by aliases and distributed by PM. Some opportunities are very limited. They range from about $50 to $5,000 per one time deposit. Many cards will produce a cash advance fee. Chase cards are the rare exception to the cash advance fees.
Mar 10, 2013, 8:00 pm
#7
Original Poster
Join Date: Feb 2013
Location: NY
Posts: 233
Spill the beans on what? I gave no specifics, purposefully. Also, this isn't a NEW concept. This has been around for quite some time.
ETA: Matter of fact, this was posted on FWF as well. Not by me, but apparently word got out, and since it was posted there, I saw no harm in posting about the concept here.
ETA: Matter of fact, this was posted on FWF as well. Not by me, but apparently word got out, and since it was posted there, I saw no harm in posting about the concept here.
Mar 10, 2013, 8:09 pm
#8
Join Date: Jul 2004
Location: MCO
Programs: AA 1MM, BA, UA, HH Dia, CC Gold, SPG Plat
Posts: 795
Two different worlds. Welcome.
For future reference, this is harmful: http://www.flyertalk.com/forum/newre...e=1&p=20397172
/thread
For future reference, this is harmful: http://www.flyertalk.com/forum/newre...e=1&p=20397172
/thread
Mar 10, 2013, 8:09 pm
#9
Formerly known as cagalindo
Join Date: Sep 2010
Location: MCO TPA
Programs: Citi AA/HH/TYP Amex SPG/HH & Chase SP/PC
Posts: 1,335
You're spreading the awareness here to thousands more people...
To my fellow mourners: Milking season is over.
PS: I'm out of here as well
To my fellow mourners: Milking season is over.
PS: I'm out of here as well
Last edited by caGALINDO; Mar 10, 2013 at 8:15 pm
Mar 10, 2013, 8:31 pm
#10
Original Poster
Join Date: Feb 2013
Location: NY
Posts: 233
Two different worlds. Welcome.
For future reference, this is harmful: http://www.flyertalk.com/forum/newre...e=1&p=20397172
/thread
For future reference, this is harmful: http://www.flyertalk.com/forum/newre...e=1&p=20397172
/thread
Mar 10, 2013, 8:41 pm
#12
Join Date: Mar 2013
Posts: 10
Fund Free Checking/Savings Accounts with $10k by CC (Posts as a Purchase)
Joined last month (Joining is both free & simple. just say you're Catholic 
)
funded checking/savings with $10k (combined...had to open both accounts at the same time)
Used Priceline Visa.
Posted as a purchase.
Other funding options: AMEX, MC, & Discover
No hard pull. Just Chexsystems.
Get in before the ax drops!
www.kofcfcu.org/
)funded checking/savings with $10k (combined...had to open both accounts at the same time)
Used Priceline Visa.
Posted as a purchase.
Other funding options: AMEX, MC, & Discover
No hard pull. Just Chexsystems.
Get in before the ax drops!
www.kofcfcu.org/
Last edited by flyesttalker; Mar 10, 2013 at 8:53 pm
