Getting spending up without the Mint
Sep 9, 2012, 8:49 pm
#2881
Join Date: May 2010
Posts: 19
I imagine everything all of us did was perfectly within the terms they provided to us
So what i propose now is that if theyre going to shut us down for improper business, that we do the same to them
Everyone here who experienced this issue MUST write to their AGO and to the BBB. Those agencies act when they see similar complaints and ns needs to be out of biz
So what i propose now is that if theyre going to shut us down for improper business, that we do the same to them
Everyone here who experienced this issue MUST write to their AGO and to the BBB. Those agencies act when they see similar complaints and ns needs to be out of biz
Sep 9, 2012, 9:10 pm
#2882
Join Date: Aug 2012
Posts: 9
Idea on hitting the spending requirement
Hi all,
I have an idea on hitting the spending requirement. As we all know, the airline companys are selling some refundable ticket which cost at least 5000. If I buy an advanced refundable ticket, say 6 months prior to departure, and then make it charged on my new-opened card. Keep the ticket for 3 months and then cancel it, then the total cost will be refunded to the card. And during this period, transfer all the bonus points or miles, even run out of them. I am not sure what will happen to the card issuer and whether they will claim back the points or not. But I will definitely do the experiment and report back after I succeed.
I have an idea on hitting the spending requirement. As we all know, the airline companys are selling some refundable ticket which cost at least 5000. If I buy an advanced refundable ticket, say 6 months prior to departure, and then make it charged on my new-opened card. Keep the ticket for 3 months and then cancel it, then the total cost will be refunded to the card. And during this period, transfer all the bonus points or miles, even run out of them. I am not sure what will happen to the card issuer and whether they will claim back the points or not. But I will definitely do the experiment and report back after I succeed.
Sep 9, 2012, 9:49 pm
#2883
Join Date: Sep 2010
Location: Canadia
Programs: A loyal Amerisuites customer... oh wait
Posts: 2,033
Yes, of course the card issuer will recover the points from you somehow. Creditcard companies think of these things.
Your idea is better for timing to get the points now for a purchase you plan to make later.
That is: buy the $5000 refundable ticket now, make another actual $5000 purchase months from now, that you had planned all along, and cancel the ticket.
Hopefully the real purchase and the refund transact in the same statement period.
Your idea is better for timing to get the points now for a purchase you plan to make later.
That is: buy the $5000 refundable ticket now, make another actual $5000 purchase months from now, that you had planned all along, and cancel the ticket.
Hopefully the real purchase and the refund transact in the same statement period.
Sep 9, 2012, 10:16 pm
#2884
Join Date: May 2011
Location: Bay Area, CA
Programs: SPG, Hyatt Diamond Member, Club Calrson Silver, AA, Hilton Gold, BA
Posts: 476
Heres my philosophy input on NS for those who havent signed up yet:
1. Dont use a referral link. Sure you miss out on the $20 but in the long run, you will recoup this quick with points. Too many NS accounts are targeted the moment they are open because the person who referred it most likely abused it.
2. Dont go on a loading spree. Load 1k a week. Takes patience.
3. Pay up the $10 fee a month option and actually go out and use the card to at least make it look like your using it for purpose intended.
4. In one year, you will have spent 52k on office purchases and would net 250k in chase points which we know is probably valued at $7k a year.
1. Dont use a referral link. Sure you miss out on the $20 but in the long run, you will recoup this quick with points. Too many NS accounts are targeted the moment they are open because the person who referred it most likely abused it.
2. Dont go on a loading spree. Load 1k a week. Takes patience.
3. Pay up the $10 fee a month option and actually go out and use the card to at least make it look like your using it for purpose intended.
4. In one year, you will have spent 52k on office purchases and would net 250k in chase points which we know is probably valued at $7k a year.
Sep 9, 2012, 10:54 pm
#2885
Join Date: May 2010
Posts: 583
Chase reserves the right to reclaim the points/miles from your account if you cancel the card in the first 6 months, they may even bill you for the miles if your account doesn't have enough miles.
For American Express, if have a negative points balance for more than 1 year, they will bill you at 2.2 cents per point owe to them.
For American Express, if have a negative points balance for more than 1 year, they will bill you at 2.2 cents per point owe to them.
Sep 10, 2012, 1:24 am
#2887
Join Date: Mar 2011
Posts: 159
I agree. It seems every thread that pops up on how to generate miles/points, QL_714 was already in the know and has been doing it for yrs.
Anyways, Nordstrom's is still alive for those who are trying to meet min spends in a ways other than prepaid cards.
Anyways, Nordstrom's is still alive for those who are trying to meet min spends in a ways other than prepaid cards.
Sep 10, 2012, 4:36 am
#2888
Join Date: Jan 2007
Programs: Many
Posts: 335
I would personally use this tactic in one specific situation: I will meet a spending bonus within the stipulated time frame, but want the bonus miles to post right away for a redemption I'm looking to make soon. For instance, if I need to spend $5,000 within 6 months, and expect it will take most of the 6 months to complete it, but I need the bonus miles now for a redemption, I could follow your tactic safely. Otherwise I think you're looking for trouble.
Last edited by srdshelly; Sep 10, 2012 at 4:47 am
Sep 10, 2012, 5:04 am
#2889
Join Date: Sep 2009
Posts: 1,758
Sep 10, 2012, 5:08 am
#2890
Join Date: Apr 2004
Programs: AA plt 2 mm, Marriott LTT, HH dia
Posts: 1,215
Once on an AA Citi card with a $1500 spending requirement to get 75k miles, I made a purchase of about $750. This is what got me over the $1500 spending requirement to get the bonus miles. But the product ended up being defective, and I returned it after the 75k miles had posted.
Over the next couple of statements, I made charges totaling over that $750 threshold. Citi did not revoke the 75k miles during the lag time between the $750 credit and the time it took to charge another $750 to the account.
This was a legitimate case of returning a defective product and then in good faith following through with the minimum charge after the fact. I think if I agreed to the terms, I need to abide by them.
Over the next couple of statements, I made charges totaling over that $750 threshold. Citi did not revoke the 75k miles during the lag time between the $750 credit and the time it took to charge another $750 to the account.
This was a legitimate case of returning a defective product and then in good faith following through with the minimum charge after the fact. I think if I agreed to the terms, I need to abide by them.
Sep 10, 2012, 5:27 am
#2891
Join Date: Sep 2009
Posts: 1,758
).
Sep 10, 2012, 6:44 am
#2893
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052
We have been down this road many times. You know my position on these deals and it has not changed. Many have had their hard work posted because some cannot keep what they learn via a PM private. These same members now won’t even help via PM anymore. If you want to open this can of worms again go right ahead. All I ask is if you get caught fishing in a pond just move on to a new pond. No need to go kicking and screaming.
Last edited by mia; Sep 10, 2012 at 9:07 am Reason: Combine consecutive replies
Sep 10, 2012, 6:58 am
#2894
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
So we have hit a new low - DUIing for miles! What next - buying stolen airline vouchers? Oops - some of our judges and our district attorney were caught doing just that!
Sep 10, 2012, 7:01 am
#2895
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052