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?
Since the retailer pays a cost to the CC issuer they are loosing money on this. For customer service it is allowed but if you did it too often it would probably not work out for you. But I suppose 1 or 2 a year like this would probably not be a huge deal.