Using VisaBuxx to Generate Miles
I have searched a number of forums on this site for information on VisaBuxx and how it works, but have never seen a comprehensive description of how the program works and, more importantly, if it can be used to generate miles at a resonable cost.
Basically, a VisaBuxx card is a stored value card that is funded with a Visa or MC credit card. The three biggest restrictions with using VisaBuxx to generate miles are 1) the funding limits, 2) the cash withdrawl limits, 3) the fees. You can overcome each of theses issues the following way: 1) create multiple cards, although this requires social security numbers for each user, 2) "buy" money orders to overcome the cash withdrawl limitations, although this raises the total fees, 3) use a card that is best for you given where you live and how you plan to fund it.
I have a couple of B of A VisaBuxx cards. Each card can be funded with a maximum of $35,000 per year for $150 to $250 in fees. The best application for this is my SWA Visa card. My two cards will generate 4 Rapid Reward vouchers for appx $400 in fees. More importantly, it will also generate a companion pass when I combine it with my normal SWA traffic.
MTP
[This message has been edited by toddpate (edited 06-27-2002).]