Originally Posted by
pancakeman27
Right - well the person was asking about getting a checking acct bonus - so I was saying if you can't find a GC that can be loaded, you still can meet the direct deposit requirements this way using a normal debit card.
You're right that isn't MS. In order to do that you need to find the remaining few (if any) GC's that can still be loaded. And like you said, even then - 4 cards per every 6 months isn't a whole lot, but it's something - and it's very easy vs. the MO route.
At the very least, I've used it to meet the minimum spend requirements for cards (usually 3,000) which can be accomplished using 6 cards which is under the 8 card limit sent between two accts every 6 months.
So again I think that I am a bit confused.
I think of "direct deposit" as an ongoing event, such as a paycheck each month or a SS check. I don't think of it as a single non-recurring event. For some reason, that is what I thought banks that give bonuses for opening a new checking account meant by "setting up a direct deposit account". What you are saying is that you only need to make a single "direct deposit" and they will accept that as satisfying the terms and conditions. I didn't know that.
Finally, I have not found it difficult to meet spending requirements for cards using a combination of MS and organic spend. I just obtained a Fidelity 2% CB card and I will easily meet the $2000 spend in 3 months for the $200 bonus.
After my BB beheading, I don't jack around with services I feel are important, such as Venmo and PP.