Wal-Mart, Amex take on banks with Bluebird debit card
Nov 1, 2012, 5:18 pm
#1291
Join Date: Jan 2008
Location: TPA
Programs: spg gold
Posts: 406
I just got a Citi Thank You card comes with a 2500 spend. I just got 2500 in beans and will use BB to pay my CC bill.Citi's T&C does not tell me what I can buy or how much( only limited by line of credit) and why should Citi care where my payment comes from? And BB has a bill pay feature, and they don't talk about what I can pay or not pay.So what 's the problem? Yes if this is done repeatedly I guess it would look like at least like perk abuse.
Nov 1, 2012, 5:32 pm
#1292
Join Date: Jan 2008
Location: TPA
Programs: spg gold
Posts: 406
At low levels, probably not. Approach the $50K max, I wouldn't be surprised to start seeing Chase asking for some more information about the ongoing revenues of your "business." Since many businesses run on a 60% overhead figure (including employee salaries, rent, utilities, equipment replacement costs, etc.), are you prepared to show that your business's annual gross income approaches at least $80K?
Nov 1, 2012, 5:39 pm
#1293
Join Date: Sep 2009
Posts: 1,758
Just because you treat your readers like a bunch of idiots no need for that here.
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Nov 1, 2012, 5:43 pm
#1294
Join Date: May 2009
Location: South Park, CO
Programs: Tegridy Elite
Posts: 5,678
Sure, and that's completely valid. But that's also a completely different issue, is it not? If you were to put $50k of OD spending on the card, it wouldn't matter how you were paying off the card, you could get questioned by Chase. My point is a review by Chase or Amex or any card issuer wouldn't be tied to how those bills get paid, which goes back to my original point: why all the concern about paying cc bills using your BB balance?
I'll add that I won't be doing this. I'd rather use what funds I can load to take over other bill payments like rent/mortgage/utilities/etc. If there were a more abundant supply of beans around here, then I'd probably wander further into this direction.
I'll add that I won't be doing this. I'd rather use what funds I can load to take over other bill payments like rent/mortgage/utilities/etc. If there were a more abundant supply of beans around here, then I'd probably wander further into this direction.
That side of the equation can get someone in trouble long before you have to worry about if Chase cares that you're circulating the BB funds back to your Chase card.
Nov 1, 2012, 5:58 pm
#1295
Join Date: Feb 2011
Posts: 769
In fact people have been questioned, and even shut down by Chase, for much, much less OD spending than that. There is a recent post either upthread on this or in the "Getting Spending Up..." thread from someone who got a call after a $1K spend, asked for receipts of what he bought, etc. How much and how often OD spend gets flagged varies obviously since many folks get away unnoticed with more than that. But there are other stories posted on FT, about Ink Bold shut-downs for OD spending gone awry.
That side of the equation can get someone in trouble long before you have to worry about if Chase cares that you're circulating the BB funds back to your Chase card.
That side of the equation can get someone in trouble long before you have to worry about if Chase cares that you're circulating the BB funds back to your Chase card.
Nov 1, 2012, 6:06 pm
#1296
Join Date: Jan 2011
Location: ATL
Programs: DL PM, SPG Plat
Posts: 885
Have you called the reconsideration number yet? If not, call now. Be prepared to answer questions about your 'business' and potentially roll credit around if you have other chase cards. But I wouldn't continue to just wait.
Nov 1, 2012, 6:52 pm
#1298
Join Date: Aug 2011
Location: On the Lake USA
Programs: Marriott Ambassador, Hilton Diamond because they have nothing higher
Posts: 523
Nov 1, 2012, 6:57 pm
#1299
Join Date: May 2012
Posts: 683
more locations for the beans
just loaded some beans into PPC at www.vanillareload.com/, noticed the location dropdown has been expanded, now it includes W-mart. very interesting. 
Nov 1, 2012, 6:59 pm
#1300
Join Date: Dec 2011
Location: ORD
Posts: 701
In fact people have been questioned, and even shut down by Chase, for much, much less OD spending than that. There is a recent post either upthread on this or in the "Getting Spending Up..." thread from someone who got a call after a $1K spend, asked for receipts of what he bought, etc. How much and how often OD spend gets flagged varies obviously since many folks get away unnoticed with more than that. But there are other stories posted on FT, about Ink Bold shut-downs for OD spending gone awry.
That side of the equation can get someone in trouble long before you have to worry about if Chase cares that you're circulating the BB funds back to your Chase card.
That side of the equation can get someone in trouble long before you have to worry about if Chase cares that you're circulating the BB funds back to your Chase card.
Nov 1, 2012, 7:01 pm
#1301
Join Date: Dec 2011
Location: ORD
Posts: 701
just loaded some beans into PPC at www.vanillareload.com/, noticed the location dropdown has been expanded, now it includes W-mart. very interesting.
Nov 1, 2012, 7:01 pm
#1302
Join Date: Jul 2011
Posts: 583
without any inside insight into how the pricing and mechanics of all these pre-paids work we can only speculate on who is winning and who is losing in these games. however what is for sure is that with the huge spike in volume since this deal got publicized we are going to find out pretty soon who is hurting the most as whoever it is will make some kind of change. office depot, vanilla or amex are going to puke pretty quickly
As for Chase, all they hafta do is update the terms of the 5x Ink bonus to exclude giftcards, neatly excising the opportunists from the intended demographic.
Cheers
Nov 1, 2012, 7:14 pm
#1303
Join Date: Aug 2011
Location: On the Lake USA
Programs: Marriott Ambassador, Hilton Diamond because they have nothing higher
Posts: 523
Depends on how much your business spends annually on CC's. If only 100k then figure 10% on office so 2-3 at a time once a month. If 10 times that do whatever but with limit at 50k only use half of it like bloggers say to not get shut down
Nov 1, 2012, 7:25 pm
#1304
Join Date: Jan 2012
Programs: DL, WoH
Posts: 1,253
just loaded some beans into PPC at www.vanillareload.com/, noticed the location dropdown has been expanded, now it includes W-mart. very interesting.
Freedom 5x groceries...cha-ching.
Nov 1, 2012, 7:30 pm
#1305
Join Date: Aug 2011
Location: On the Lake USA
Programs: Marriott Ambassador, Hilton Diamond because they have nothing higher
Posts: 523