Originally Posted by
t0dd0
Just going to give my 2cents.
They may evaluate YOU in terms of profitability. They make $$ from your deposits and purchases.
The average MS’r will load at wm, which may incur a transaction cost to them? Who know how their partnership is drafted with WM. Always draw down balances to pay back cc or ach out. In which case they make nothing from you.
After 2-3 months, if I was One, I would shut you down.
Take advantage of the 5% savings APY. Leave a fair chunk of change in there to prove you are not just there to game their product. To me this is a win/win if it’s sustainable and profitable for both sides.
This is a $3000/day with no weekly/monthly/annual cap. What more can we ask for?
AGAIN, just my 2 cents.
I'm still trying to decide whether I believe the shutdowns are based on their view of the profitability of the customer, or whether they're based on the feds crack down on suspicious activity. Alternatively maybe it could be either / or. Whether or not to shut down is the bank's choice after all.
I'd love to get some DPs in here from people who have not been shut down after doing large volume through the one card for a long time. It would be interesting to see if there are any noteworthy differences in the way they use the card from the way others use the card