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Thread: Strategy for CC miles
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Old Jan 5, 2012 | 11:39 pm
  #8  
thexfactor
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Originally Posted by CyberNomad
Thank you!
Right, I just confirmed that I'll be able to do that. In fact my current CC gives me 1% cash back, so what I'll do is send over a huge deposit ($1mil) and charge it right away and pocket the resulting $10k.
Bad idea. That is a known trigger for either a Financial Review with AMEX or an Adverse Action with Chase.

Banks don't like prepayments.

Safer way to do it, though not nearly as convenient: Spend 10k, pay 10k, spend another 10k, pay 10k, rinse, repeat.
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