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Funding new bank/CU account(s) with a credit card - Postmortem

Funding new bank/CU account(s) with a credit card - Postmortem

Old Mar 10, 13, 4:59 pm
  #1  
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Join Date: Feb 2013
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Funding new bank/CU account(s) with a credit card

I just opened a new account at a credit union that allows funding via CC to checking/savings accounts. I tried $2500 on my Chase Ink Plus MC. It went through as a purchase.

Anyone else use this method to meet spending requirements? I'm sure there have been threads on this type of manufactured spending, but I haven't seen anything in quite a while around here on this method specifically.
JerMah is offline  
Old Mar 10, 13, 5:16 pm
  #2  
 
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
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Yes, thanks to Marie Laveau, the voodoo queen of New Orleans, this technique lives on after it was declared dead and buried in the ground. But we don't speak of reanimation on the board because zombie opportunities are fragile and fall apart easily. The opportunities cannot survive goldrushing and the traffic generated by subsequent blogging. Typically they are referenced by aliases and distributed by PM. Some opportunities are very limited. They range from about $50 to $5,000 per one time deposit. Many cards will produce a cash advance fee. Chase cards are the rare exception to the cash advance fees.

Originally Posted by JerMah View Post

Anyone else use this method to meet spending requirements? I'm sure there have been threads on this type of manufactured spending, but I haven't seen anything in quite a while around here on this method specifically.
AlohaDaveKennedy is offline  
Old Mar 10, 13, 5:37 pm
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Originally Posted by AlohaDaveKennedy View Post
Yes, thanks to Marie Laveau, the voodoo queen of New Orleans, this technique lives on after it was declared dead and buried in the ground. But we don't speak of reanimation on the board because zombie opportunities are fragile and fall apart easily. The opportunities cannot survive goldrushing and the traffic generated by subsequent blogging. Typically they are referenced by aliases and distributed by PM. Some opportunities are very limited. They range from about $50 to $5,000 per one time deposit. Many cards will produce a cash advance fee. Chase cards are the rare exception to the cash advance fees.
I have word that the Priceline VISA works. Oh, and the max limit is $10,000 at this institution.
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Old Mar 10, 13, 6:51 pm
  #4  
 
Join Date: Oct 2012
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At the bank of Mr. Davidson.
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Old Mar 10, 13, 7:35 pm
  #5  
 
Join Date: Jul 2004
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OP references a religious base but OP should also know that such information guarantees a sure death of such entity's usefulness.
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Old Mar 10, 13, 7:52 pm
  #6  
Formerly known as cagalindo
 
Join Date: Sep 2010
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Someone had to spill the beans. :nosmileycanconveymydisapointment:
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Old Mar 10, 13, 8:00 pm
  #7  
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Originally Posted by caGALINDO View Post
Someone had to spill the beans. :nosmileycanconveymydisapointment:
Spill the beans on what? I gave no specifics, purposefully. Also, this isn't a NEW concept. This has been around for quite some time.

ETA: Matter of fact, this was posted on FWF as well. Not by me, but apparently word got out, and since it was posted there, I saw no harm in posting about the concept here.
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Old Mar 10, 13, 8:09 pm
  #8  
 
Join Date: Jul 2004
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Two different worlds. Welcome.
For future reference, this is harmful: http://www.flyertalk.com/forum/newre...e=1&p=20397172
/thread
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Old Mar 10, 13, 8:09 pm
  #9  
Formerly known as cagalindo
 
Join Date: Sep 2010
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You're spreading the awareness here to thousands more people...

To my fellow mourners: Milking season is over.

PS: I'm out of here as well

Last edited by caGALINDO; Mar 10, 13 at 8:15 pm
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Old Mar 10, 13, 8:31 pm
  #10  
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Originally Posted by TTnC4me View Post
Two different worlds. Welcome.
For future reference, this is harmful: http://www.flyertalk.com/forum/newre...e=1&p=20397172
/thread
Been here for quite a while, thanks. Typically, I have been a reader. Only very recently have I signed up for an account.
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Old Mar 10, 13, 8:35 pm
  #11  
 
Join Date: Jul 2010
Location: Midwest
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Posts: 364
Oh boy...here we go again...
OHijAAzi73 is offline  
Old Mar 10, 13, 8:41 pm
  #12  
 
Join Date: Mar 2013
Posts: 10
Wink Fund Free Checking/Savings Accounts with $10k by CC (Posts as a Purchase)

Joined last month (Joining is both free & simple. just say you're Catholic )

funded checking/savings with $10k (combined...had to open both accounts at the same time)

Used Priceline Visa.

Posted as a purchase.

Other funding options: AMEX, MC, & Discover

No hard pull. Just Chexsystems.

Get in before the ax drops!

www.kofcfcu.org/

Last edited by flyesttalker; Mar 10, 13 at 8:53 pm
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Old Mar 10, 13, 8:46 pm
  #13  
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Can you take most of your $10K out in a month and pay off your CC bill?
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Old Mar 10, 13, 8:51 pm
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Originally Posted by caGALINDO View Post
To my fellow mourners: Milking season is over.
I guess you are in the wrong business!
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Old Mar 10, 13, 8:51 pm
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Join Date: Mar 2013
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Originally Posted by philemer View Post
Can you take most of your $10K out in a month and pay off your CC bill?
yes, the hold on my $10k opening deposit was only 2 or 3 business days.
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