Aug 2, 2013, 1:27 pm
Last edit by: ChrisFlyer66
Chase Gift Cards:
GAME OVER
We’re sorry, but we no longer offer Chase Gift Cards.
We will continue to honor current Chase Gift Cards. If you have a Chase Gift Card, you may continue to use it until the funds are depleted or upon card expiration.
If your existing Chase Gift Card has been damaged, lost or stolen, you can redeem the balance or get a replacement Card by calling us at
1-866-466-0079, 7 days a week, 24 hours a day. Use that number if you have questions about your existing Chase Gift Card.
www.chasewebgiftpurchase.com/index.cfm - [No longer working]
https://www.chase.com/online/Checking/gift-card.htm/ [No longer working as of 9/20/13]
$500 max value per card
Can be used as debit
Call # on card to set pin
There are some limitations to using gift cards as opposed to debit cards, but these are functioning very well as debit cards. So please follow the number one rule of manufactured spend: DON"T CALL THE BANKS.
GAME OVER
We’re sorry, but we no longer offer Chase Gift Cards.
We will continue to honor current Chase Gift Cards. If you have a Chase Gift Card, you may continue to use it until the funds are depleted or upon card expiration.
If your existing Chase Gift Card has been damaged, lost or stolen, you can redeem the balance or get a replacement Card by calling us at
1-866-466-0079, 7 days a week, 24 hours a day. Use that number if you have questions about your existing Chase Gift Card.
www.chasewebgiftpurchase.com/index.cfm - [No longer working]
https://www.chase.com/online/Checking/gift-card.htm/ [No longer working as of 9/20/13]
$500 max value per card
Can be used as debit
Call # on card to set pin
There are some limitations to using gift cards as opposed to debit cards, but these are functioning very well as debit cards. So please follow the number one rule of manufactured spend: DON"T CALL THE BANKS.
Chase Gift Cards [Ending: 9.22.2013]
Aug 28, 2013, 9:52 pm
#1561
Join Date: Apr 2013
Posts: 77
Just to clarify, what I'm doing is $xx available > Chase CC > Chase GC > MO > Loan Provider. I think I understand your question. Suppose I have $1,000 in my bank account, why don't I send the loan provider a check in that amount and then just use the GC funds to pay off my CC? It's mostly just a precautionary measure. I would rather not make a circle with the GC's/MO's and return the funds where they originated.
Aug 28, 2013, 10:05 pm
#1562
Join Date: Apr 2013
Posts: 250
Well, I would most certainly be shaming my college's business school if I was leaving a CC balance so no worries there. In fact, I'm living very frugally right now (not as crazy as some of those stories you hear http://www.huffingtonpost.com/2012/0...n_1522534.html but you get the picture) in an effort to minimize that 6.8% Federal interest loan rate 
. Unfortunately, I'm often leaving "free" miles on the table, as I don't have BB or someone trustworthy to deposit the MO's and return the $ to me, so I only purchase what I can afford that particular month.
. Unfortunately, I'm often leaving "free" miles on the table, as I don't have BB or someone trustworthy to deposit the MO's and return the $ to me, so I only purchase what I can afford that particular month.Just to clarify, what I'm doing is $xx available > Chase CC > Chase GC > MO > Loan Provider. I think I understand your question. Suppose I have $1,000 in my bank account, why don't I send the loan provider a check in that amount and then just use the GC funds to pay off my CC? It's mostly just a precautionary measure. I would rather not make a circle with the GC's/MO's and return the funds where they originated.
Aug 29, 2013, 1:02 am
#1564
Join Date: Jan 2013
Posts: 322
Aug 29, 2013, 5:53 am
#1566
Join Date: Apr 2013
Posts: 77
Gammachu, you make a solid point here. From the time the gift card purchase is made to the moment it is processed by the loan providers, about $15 - $20 of interest has accrued (11-15 days), thus negating the benefits of obtaining the miles.
Most recently, I received my bill on August 18th with a due date of September 7th. To minimize interest, I start the GC process on the 10th of every month so they have the MO's by the 21st - 25th, 3-7 days after the bill was released. Because I'm well ahead on my payments, no money is technically due so I pay what I can afford.
Aug 29, 2013, 7:44 am
#1567
Join Date: Nov 2010
Location: Traveling some where hopefully
Programs: AS, AA Gold, and Hilton
Posts: 1,954
Aug 29, 2013, 9:08 am
#1568
Join Date: Feb 2011
Location: Somewhere above the Mason-Dixon
Programs: DL Ham Samich
Posts: 1,661
Aug 29, 2013, 9:45 am
#1569
Join Date: Jun 2013
Posts: 49
Gammachu, you make a solid point here. From the time the gift card purchase is made to the moment it is processed by the loan providers, about $15 - $20 of interest has accrued (11-15 days), thus negating the benefits of obtaining the miles.
Most recently, I received my bill on August 18th with a due date of September 7th. To minimize interest, I start the GC process on the 10th of every month so they have the MO's by the 21st - 25th, 3-7 days after the bill was released. Because I'm well ahead on my payments, no money is technically due so I pay what I can afford.
Most recently, I received my bill on August 18th with a due date of September 7th. To minimize interest, I start the GC process on the 10th of every month so they have the MO's by the 21st - 25th, 3-7 days after the bill was released. Because I'm well ahead on my payments, no money is technically due so I pay what I can afford.
Aug 29, 2013, 10:18 am
#1570
Used to be garyjr316
Join Date: Feb 2011
Location: LAX or SBA
Programs: AAdvantage, MileagePlus, Gold Passport, Hilton HHonors, Marriott
Posts: 800
Aug 29, 2013, 11:46 am
#1571
Join Date: Apr 2013
Posts: 77
The point I tried to make is the timing of my loan payment, but I realized I'm wrong. If I paid $1K immediately and was charged 5% for 15 days on $19K of debt rather than $20K, I'd pay approx. $39.04 in interest during that time, rather than $41.09 + MO and stamp costs, a savings of about $3.00. Obviously the value of the miles > $3.
Thanks for pointing that out to me.
Aug 29, 2013, 12:39 pm
#1572
Join Date: Mar 2005
Location: ORD
Posts: 835
This month I am being much more cautious.
Aug 29, 2013, 12:50 pm
#1573
Join Date: Jun 2013
Posts: 49
Sorry for the confusion, I was referring to my student debt. The interest rates vary for those but its roughly $20K of student debt currently @ 5%. It comes out to about $2.74 in interest/day.
The point I tried to make is the timing of my loan payment, but I realized I'm wrong. If I paid $1K immediately and was charged 5% for 15 days on $19K of debt rather than $20K, I'd pay approx. $39.04 in interest during that time, rather than $41.09 + MO and stamp costs, a savings of about $3.00. Obviously the value of the miles > $3.
Thanks for pointing that out to me.
The point I tried to make is the timing of my loan payment, but I realized I'm wrong. If I paid $1K immediately and was charged 5% for 15 days on $19K of debt rather than $20K, I'd pay approx. $39.04 in interest during that time, rather than $41.09 + MO and stamp costs, a savings of about $3.00. Obviously the value of the miles > $3.
Thanks for pointing that out to me.