Originally posted by dhacker:
Interesting idea, but I guess it would only pay to do this if you have a mileage earning debit card. Otherwise, you would be giving up 100 credit card miles to get 25 extra grocery miles...
Well I think it depends on the $$$ to miles ratio is it 1:1 or something else? I person's debit card POS (point-of-sale) limit is usually about 2.5 times the atm daily withdrawl limit. So if you ask for the maximum a particular Safeway store would allow in cash back and then redeposit in your account - you lose nothing. Most banks do not charge a fee for grocery store transactions so if you get $500 cash back, then redeposit - you can do this a few times per month and create some extra miles.
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Ken in Sacramento