Wells Fargo Prepaid Cards
Aug 14, 2012, 11:40 am
#46
Join Date: Jun 2005
Location: Chicago
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Posts: 1,212
Aug 15, 2012, 2:55 pm
#47
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,037
I have what is almost certainly a stupid question resulting from me overlooking something painfully obvious, but here it goes:
Let's say you use Bank X's CC to load up the WF PPC. Why would Bank X care one way or the other if you were doing this repeatedly? From Bank X's financial perspective, isn't it no different than any other transaction? If you use the Bank X CC to buy $100 worth of candy vs $100 worth of WF PPC, is there any difference to what Bank X receives?
Let's say you use Bank X's CC to load up the WF PPC. Why would Bank X care one way or the other if you were doing this repeatedly? From Bank X's financial perspective, isn't it no different than any other transaction? If you use the Bank X CC to buy $100 worth of candy vs $100 worth of WF PPC, is there any difference to what Bank X receives?
Aug 15, 2012, 3:03 pm
#48
FlyerTalk Evangelist
Join Date: Aug 2001
Location: Finally back in Boston after escaping from New York
Posts: 13,644
Everyone tread with caution. I can see Chase banning us for stuff like this. I dont want to become one of those horror stories where I cant access any of my UR points and chase closing all of my accounts. That would be a nightmare. I think i'll be conservative and do only about 2500 worth every quarter
The quoted post is a very important one. You DO NOT want to be blacklisted from Chase. Chase controls a large percentage of the travel cards market and it's just not worth it to get greedy on one deal and be banned altogether.
Mike
Aug 15, 2012, 3:20 pm
#50
Join Date: Aug 2010
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Check this out if you want a better summation of my first post 
I think he may have done a better job with indentation and paragraph breaks.
I think he may have done a better job with indentation and paragraph breaks.
Do this enough and you may wind up having to take calls from the Wells Fargo fraud prevention department, that’s not a problem just a hassle. And Chase presumably won’t like it, serial heavy users of this technique could attract their ire.
Nice disclaimers for those who might jump in deep based on this post. Anyone who takes the advice of a travel blogger about handling his finances without doing deeper research may see this blow up in his face.
Aug 15, 2012, 4:31 pm
#51
Join Date: Jan 2012
Location: ORD
Posts: 986
First, I have no skin in this game-feel free to take my comments for what they are worth.
The quoted post is a very important one. You DO NOT want to be blacklisted from Chase. Chase controls a large percentage of the travel cards market and it's just not worth it to get greedy on one deal and be banned altogether.
Mike
The quoted post is a very important one. You DO NOT want to be blacklisted from Chase. Chase controls a large percentage of the travel cards market and it's just not worth it to get greedy on one deal and be banned altogether.
Mike
You hear a lot of reports of Chase banning people for taking advantage of the Ink 5% back at OD to buy prepaid cards. I personally wouldn't risk it--it's not just the Ink card that gets shut down it's ALL of your Chase cards.
Aug 15, 2012, 11:05 pm
#53
Join Date: Apr 2011
Location: LAX
Programs: SPG Gold, HH Gold
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I haven't seen this reported anywhere and I'm sure it would be big news if it was happening.
Aug 16, 2012, 12:37 pm
#54
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
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Posts: 4,820
Don't burn bridges with Chase, people. Not worth it. Their cards allow bank deposits via credit card to be classified as purchases unlike other banks and they have some of the best card offers. Shortsighted gold rushes often don't end well.
Aug 16, 2012, 12:44 pm
#55
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Hmmmm now what would Cardinal Fang's issues be - the transaction is not profitable, the transaction does not meet the intended purpose for extending credit, you expect the bank to trust you when you say you aren't laundering (ha, ha, ha - that is rich)...
Quote:
Originally Posted by sk8uno
Let's say, for the sake of argument, you explain to them exactly what you are doing so they know it's not laundering. Then what issue would they have?
Ask the cardinals who closed purchasing money orders, gift cards, etc. etc. etc.
Quote:
Originally Posted by sk8uno
Let's say, for the sake of argument, you explain to them exactly what you are doing so they know it's not laundering. Then what issue would they have?
Ask the cardinals who closed purchasing money orders, gift cards, etc. etc. etc.
Aug 16, 2012, 3:08 pm
#56
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
I tried to send a private message and this is what i get "AlohaDaveKennedy has exceeded their stored private messages quota and cannot accept further messages until they clear some space."
Aug 16, 2012, 4:37 pm
#57
Join Date: Apr 2012
Programs: AA, UA, Hilton, Choice, Wyndham
Posts: 415
I am curious, pl explain "Their cards allow bank deposits via credit card to be classified as purchases"
I tried to send a private message and this is what i get "AlohaDaveKennedy has exceeded their stored private messages quota and cannot accept further messages until they clear some space."
I tried to send a private message and this is what i get "AlohaDaveKennedy has exceeded their stored private messages quota and cannot accept further messages until they clear some space."
Aug 16, 2012, 6:04 pm
#58
Join Date: Sep 2009
Posts: 1,758
When is the last time you tried?
