Using Kiva to manufacture spend

Old Nov 24, 2014, 6:35 pm
  #121  
 
Join Date: Aug 2009
Location: ORD, LAS
Programs: AA-EXP, BAEC Silver, Hyatt-Globalist, Hilton-gold, SPG-gold
Posts: 855
Originally Posted by sharka
Can you clarify--Does Kiva loans have a cap per quarter of $2000 or is the cap put on all individual CC ?

Also, does anyone know if Kiva accepts the Amex gold charge card?
Kiva processes payments through PayPal so you can use any credit card. Kiva has no limits, but your credit card may have a bonus limit.
smitty06 is offline  
Old Jan 24, 2015, 1:40 am
  #122  
 
Join Date: Jun 2014
Posts: 5
I realize this method isn't as popular as it once was (Cash+ 6.875% FTW); however, is there any interest in an automated, algorithmic manner by which to transact Kiva loans? I know a guy, that knows a person that might have crafted a nifty program.

I recall a period (beginning mid 2013) when the "best" loans began mysteriously disappearing en masse--uncharacteristically quickly--to a select, anonymous few. Toodles!
PontiusPilate is offline  
Old Feb 11, 2015, 3:37 pm
  #123  
 
Join Date: Jul 2011
Posts: 154
Kiva

I haven't seen anyone mention kiva in a while, although I know there's a flyertalk kiva team, so obviously people here know about kiva.

I find it pretty accepting in terms of paying with GC. It takes AGC and OV too which I find them hard to liquidate these days (I don't have walmart or redbird near me).

Just a question: am I missing something or is there a reason people don't use Kiva more? I'm not talking about high volume MS here. Just to liquidate those AGCs that you get once in a while when befrugal decides to give you a cashback (rare opportunity these days). I understand that you don't get your money back right away, but it's not like cash in the bank is earning much these days either. Is there a danger in withdrawing your kiva balance to paypal, even repeatedly? I'm not talking about adding kiva credit and withdrawing right away, but rather after you get paid back, so you're not just "using" kiva to liquidate without ever lending.
nyold is offline  
Old Feb 14, 2015, 5:07 pm
  #124  
 
Join Date: Nov 2014
Location: NYC
Posts: 158
Originally Posted by nyold
Just a question: am I missing something or is there a reason people don't use Kiva more?

Is there a danger in withdrawing your kiva balance to paypal, even repeatedly? I'm not talking about adding kiva credit and withdrawing right away, but rather after you get paid back, so you're not just "using" kiva to liquidate without ever lending.
This was posted earlier in this thread, and gives a reason:

Originally Posted by farwest101
The problem with Kiva is they don't like MSers. They'll lock your account if you do too much lending/withdrawing and rather than seeing automatic transfers, you'll end up having to manually request repayment.
http://www.flyertalk.com/forum/21880706-post106.html
BeyondtheWrap is offline  
Old Feb 15, 2015, 6:33 pm
  #125  
 
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
For me it was an increase in delinquent accounts. Once I began to diversify out of my usual niche (Paraguay - food and clothing vendors), the delinquency rate rapidly increased (especially on longer term loans and loans to improve housing). Not the loss rate, just the delinquency rate, but it elevated my perception of risk across the couple hundred loans I have funded, so I pulled back.

>Just a question: am I missing something or is there a reason people don't use Kiva more?
AlohaDaveKennedy is offline  
Old Feb 15, 2015, 6:42 pm
  #126  
 
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,684
Originally Posted by nyold
I haven't seen anyone mention kiva in a while, although I know there's a flyertalk kiva team, so obviously people here know about kiva.

I find it pretty accepting in terms of paying with GC. It takes AGC and OV too which I find them hard to liquidate these days (I don't have walmart or redbird near me).

Just a question: am I missing something or is there a reason people don't use Kiva more? I'm not talking about high volume MS here. Just to liquidate those AGCs that you get once in a while when befrugal decides to give you a cashback (rare opportunity these days). I understand that you don't get your money back right away, but it's not like cash in the bank is earning much these days either. Is there a danger in withdrawing your kiva balance to paypal, even repeatedly? I'm not talking about adding kiva credit and withdrawing right away, but rather after you get paid back, so you're not just "using" kiva to liquidate without ever lending.
I got shut down by my bank for making too many transfers from Paypal to my bank account.
ChrisFlyer66 is offline  
Old Feb 17, 2015, 12:27 am
  #127  
 
Join Date: Jul 2005
Location: SJU
Programs: Amex FHR elite travel agent, Ritz Stars, Hyatt Prive, Four Seasons Preferred Partner and others
Posts: 1,522
Does anyone know for sure if the Flexperks American Express codes Kiva purchases as charity? My first statement closed and it did not, however, they advised in the terms that it can take up to 60 days for charitable spend to post.
chewy3 is offline  
Old Feb 20, 2015, 10:02 am
  #128  
 
Join Date: Apr 2012
Posts: 198
Originally Posted by chewy3
Does anyone know for sure if the Flexperks American Express codes Kiva purchases as charity? My first statement closed and it did not, however, they advised in the terms that it can take up to 60 days for charitable spend to post.
I can confirm that it does.
js80 is offline  
Old Feb 20, 2015, 12:31 pm
  #129  
 
Join Date: Apr 2014
Location: DC
Posts: 360
I keep using it. Used it to MS the entire $1500 on my Discover card 5% 4Q cashback - I do this every year.
Also use it sometimes to complete minimum spendings for new cards (like, I'm missing $60 bucks, just make 3 loans and I'm done with it).
$12k lent over time (5+ years), less than $30 lost in defaults and currency exchange losses in all that time (Discover pays me $75 every year on Kiva loans, so profit overall).
mikex163 is offline  
Old Feb 24, 2015, 5:36 am
  #130  
 
Join Date: Jul 2005
Location: SJU
Programs: Amex FHR elite travel agent, Ritz Stars, Hyatt Prive, Four Seasons Preferred Partner and others
Posts: 1,522
Originally Posted by js80
I can confirm that it does.
Did the extra points post right at statement close or did it take longer?


This is odd to me because on the Visa they post at statement close so it doesn't make why the Amex would be different.
chewy3 is offline  
Old Feb 24, 2015, 7:55 am
  #131  
 
Join Date: Apr 2000
Location: Fort Myers, FL
Programs: Hilton Gold, SPG & IHG Plat, & every airline program that I can join
Posts: 2,279
I am still on Kiva and have done over 1000 loans. My best payback has been from Mongolia, the worst is Kenya. I think I own part of half the taxi's in Mongolia!!

Cheers!
JudyJFLA
JudyJFLA is offline  
Old Oct 23, 2015, 8:05 pm
  #132  
 
Join Date: Mar 2013
Posts: 25
Here's a tip. Don't lend to anyone in Africa. They have the highest default rate. I think a lot of people over there use it as a scam to get free money without the intention of ever paying it back.
Rinzler is offline  
Old Oct 23, 2015, 8:12 pm
  #133  
 
Join Date: Jan 2015
Posts: 1,112
Originally Posted by Rinzler
Here's a tip. Don't lend to anyone in Africa. They have the highest default rate. I think a lot of people over there use it as a scam to get free money without the intention of ever paying it back.
I'll just play devil's advocate. Maybe centuries of exploitation by other countries (which has continues to some extent in the present day) has made the socioeconomic landscape so bad that a lot of people default on these loans despite their best efforts.

I mean, it doesn't change the business decision of not lending to Africa if you want a better chance of repayment. But it does change the view of the intentions of the people in Africa.
Phantom707 is offline  
Old Oct 28, 2015, 2:45 pm
  #134  
 
Join Date: Jul 2005
Location: SJU
Programs: Amex FHR elite travel agent, Ritz Stars, Hyatt Prive, Four Seasons Preferred Partner and others
Posts: 1,522
Originally Posted by Rinzler
Here's a tip. Don't lend to anyone in Africa. They have the highest default rate. I think a lot of people over there use it as a scam to get free money without the intention of ever paying it back.
Actually, several African partners have pretty low delinquency/default rates.

I can confirm flexperks Amex does not earn bonus charity spend on Kiva but the Visa does still.

Flexperks froze my acct for 1.5 months without explanation (probably too large a volume of kiva loans), but it was unceremoniously unfrozen also without notice.
chewy3 is offline  
Old Oct 28, 2015, 3:08 pm
  #135  
 
Join Date: Mar 2015
Posts: 283
Originally Posted by chewy3
Actually, several African partners have pretty low delinquency/default rates.

I can confirm flexperks Amex does not earn bonus charity spend on Kiva but the Visa does still.

Flexperks froze my acct for 1.5 months without explanation (probably too large a volume of kiva loans), but it was unceremoniously unfrozen also without notice.
What kind of volume were you doing?
missing_link is offline  

Thread Tools
Search this Thread

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.