Originally Posted by
louloufafa
Just wondering if my credit card issuer would cancel my CC if I use CC to purchase PPMC? Thanks!
Originally Posted by
Phantom707
It is an uncertainty no one can answer. It depends on your issuing bank, the amounts that you do, the frequency that you do it, your listed income, your listed job, your age, your payment history, your credit report, and pretty much everything else you could think of.
Your question is way too vague for someone to even start to answer.
In general, though, the more you do it, the more likely you are to be shut down. The first time is probably nothing. The second time is slightly more than nothing. Ad infinitum.
I agrees with Phantom707. I don't think you have any issue if you only purchase one or two PPMCs per month. If you want to purchase more, it will depend on what Phantom707 described. I used to purchase 2K Vanilla GCs and 2K PPMCs per months using OBC for the past two years without any issue until my Serves were shutdown this January.
The real issue for me is how to spend the PPMCs quickly. I don't use PPMCs on ebay since there are better ways for ebay spend. My two Serves were shutdown so went with 2K spend on PPMCs per month. I have my own house so I cannot use Radpad. I also don't want to jeopardize my ebay account for MO. I cannot think of any other way to use PPMCs except for real shopping.
I probably will go back to all Vanilla gcs for my monthly 4K OBC and upcoming 2 - 6K Citi dividends for second quarter from CVS or RiteAid.