Originally Posted by BigChair
Would it even work?
I'm new to this game, so please excuse me if this is a dumb question.
Suppose I were to make a purchase of $5k for furniture at a local store, and paid for it with my xxx airlines credit card, therefore earning 7500 miles. Then a few days later I changed my mind about the purchase, but had the refund credited to a different credit card (one that is with my primary bank). I could then just do an on-line transfer of the positive balance on my credit card to my checking account, and pay the xxx airlines credit card balance off.
Net result...no money spent, no interest paid, 7500 more miles.
FWIW, I work for a retailer of high ticket items, and we NEVER check to make sure the refund is going onto the same card that was originally charged...we only verify that's it is the same person.
So, what do you think?
Why not spend the time you did to dream up this scam doing something productive like volunteering your time to charity or if that doesn't fit your lifestyle, work a little harder on an honest venture that will net you the money or miles you crave. People that scam their way through life eventually end up in bad places.