Originally Posted by dogbyte (Post 21673309)

I assume these limits are separate from cash advances?

Originally Posted by tuphat (Post 21672503)

Maybe everyone knows this already, but:

In addition to daily $5k spend limit specified in cardholder agreement, CSR told me that there are also weekly ($8k)' monthly ($10k), and annual ($45k) spending limits.

Originally Posted by Gargoyle (Post 21674731)

I called and was told there is a balance limit of $10k, but I could spend up the the limit at any time. I've charged over that in a single week on one card.

Before I got the personalized card, it was a $3k limit a day.

Originally Posted by Lemma (Post 21678034)

The limits appear to be new (or old, but newly enforced), as I had been doing more than that but now it's getting declined. I think the 8k/week limit was added first, and the 10k/month and 45k/year limits later.

Now I'm considering just CAing until I get shut down as the card is not so useful at only 45k/year. I might try doing the temp cards as I have a good relationship with my credit union and they would probably cash advance them for me even without a name on the card. Anyone know if MVD still allows this without registering the card? And do they still charge 50 cents for that or is it $1.95 now? I know they are doing $1.95 on the permanent cards now, but the only reports I can find of people CAing temp cards are from before that change. I don't know whether the CA fee is applied after or before the transaction goes through, so if I tried to CA $499.50 or $500 would it just be declined? If I can CA for $499.50 or $500 and pay $503.95 it would be worth it but if the max I could CA would be $498.05 I am better off just buying Visa GC for MO.

Originally Posted by rdover1 (Post 21678353)

In my experience the CA fee comes after (up to a day after) and is $1.95. I know my CU where I do this regularly would still want to see a card with the name on it. They need to protect themselves too, no matter how much they like you.

Originally Posted by Lemma (Post 21678034)

Now I'm considering just CAing until I get shut down as the card is not so useful at only 45k/year. I might try doing the temp cards as I have a good relationship with my credit union and they would probably cash advance them for me even without a name on the card.

Originally Posted by rdover1 (Post 21678353)

In my experience the CA fee comes after (up to a day after) and is $1.95. I know my CU where I do this regularly would still want to see a card with the name on it. They need to protect themselves too, no matter how much they like you.

Originally Posted by Lemma (Post 21678034)

Now I'm considering just CAing until I get shut down as the card is not so useful at only 45k/year.

Originally Posted by craz (Post 21679028)

:confused: I see it as good as its always been at least for meeting the Spend on a new CC to get the bonus and for those who who will need to spend $25k a yr on a UA CC to get the min Spend waivered.

No sense killing either of those 2 unless a person doesnt plan to do either

Instead of simply buying VRs to no end.A person will simply have to plan their purchases to max out the $45k

Originally Posted by Happy (Post 21678936)

The CA is a CREDIT Card transaction and is not including in the calculation of the limit if what the CSR told the poster was accurate about the limits are only imposed on DEBIT transaction.

Originally Posted by happy (Post 21678936)

Your CU no matter how friendly to you they are, they would not be thrilled to see you bring in a $500 generic card time and time again to ask for a CA.

Originally Posted by craz

I see it as good as its always been at least for meeting the Spend on a new CC to get the bonus and for those who who will need to spend $25k a yr on a UA CC to get the min Spend waivered.

No sense killing either of those 2 unless a person doesnt plan to do either

Instead of simply buying VRs to no end.A person will simply have to plan their purchases to max out the $45k

Originally Posted by Lemma (Post 21679214)

Hence why I mentioned using CA to exceed the 45k/year limit on debit. I've already done a few CAs when I expected to be able to use the card to purchase MO but it was declined. The subject of CAs being credit transactions does make me wonder if there will be some new limit on credit transactions too, and those who have maxed out the debit limit already and hit the credit limit too will be unable to liquidate the funds at all. All the more reason to try the temp cards.



I'll give it a try and see what happens. I don't think there is any downside risk as it's not like I am calling Incomm and asking them. The worst that could happen is they will say they can't do it and I will just go back to my usual methods. The CU knows I manufacture spending because I've answered questions honestly from everyone who works there, including the manager, about why I deposit large amounts of cash and money orders nearly every day they are open. That is what I meant by having a good relationship with them, not that they are friendly or know my name. They know that I deposit large amounts of MS funds and they are okay with it. I'm not sure why it would be worse to CA a $500 MVD or two versus depositing 5-10k in MO that could be counterfeit (and they trust me enough to make those MO deposits available immediately like cash with no hold). If they say no, or start objecting after I make it a frequent occurrence, no big deal, I'll just stick with GC and other prepaid card products.

If you can CA the full $500 with the $1.95 not being charged until the next day, though, I wonder if Incomm would ever have a way of coming after you for the $1.95 fee? With all the information recorded in a CA transaction, I'd be a little concerned about having tons of cards with a -$1.95 balance.



At $45k/year this card is both more limited than Bluebird at 60k/year, and more expensive with the 50 cent transaction fee, which is why I said it was not so useful. Many people on this board are doing far more than that.

Originally Posted by turnpike13 (Post 21679531)

You are neglecting the fact that you can have up to 3 going (in your name) at the same time. While this makes things more tedious, it does mean that the per person limit is more like $135k per year.

Originally Posted by turnpike13 (Post 21679531)

You are neglecting the fact that you can have up to 3 going (in your name) at the same time. While this makes things more tedious, it does mean that the per person limit is more like $135k per year.

Originally Posted by Lemma (Post 21679214)

At $45k/year this card is both more limited than Bluebird at 60k/year, and more expensive with the 50 cent transaction fee, which is why I said it was not so useful. Many people on this board are doing far more than that.

Originally Posted by dogbyte (Post 21680437)

So I can log onto the website and open another account with the same SS number and they will send me a card with a different number?