JBG89

An additional 2.5k would be great for my MS

Did you do this all in $50 increments into the same/diff stocks? And is withdrawal as easy as transferring to my bank account?

gunner725

I believe the $2500/month applies per Stock.

The approach I've been using is selecting 12-18 stocks and buying half on 1 day and the other the next and just repeat. Haven't received any warnings from Citi or L3 for doing that. Usually end up with about doing about 5k a month.

The transfer is pretty easy but takes a few days. From Sale to "Available Funds" is 2 business days, then an extra 2 to transfer to your bank account.

JBG89

Thanks! is there a recommended holding period? After your purchases

Lastly would the following be correct (2.5k worth of transactions on 1st of the month amongst however many stocks i want, then 2.5k worth of stocks on 15th of the month once again)

crapz1

In for my first 10 x $50 order on my Arrival+ card.

linkerbox

Posting some limited experience with them. I did a 3 stock ($50 each), took about two days to process the CC payment then I think it purchased on the 2nd day into the pending period. I waited a few days to hold, and sold the 3 stocks. Made $3.70 on $150 worth of points.

I did a run of 10 stocks each at $50 a couple days ago, they got purchased today. Will probably hold on to them until at least Monday or sometime during next week.

I asked a live chat rep (their live chat support is actually really great/quick) and she said there's no minimum to hold but she thought there may be the time it takes for the stocks to transfer hands. Basically they outline the order date, the execution date (1-2 days after order), and then the transfer date (about 3 days after execution) for your account to technically have the stocks available to sell. I think a previous post mentioned holding for 4 days minimum and that seems to jive with this info to lower the flags being raised.

birdhands

Did anyone else notice this? Is it saying what I think it's saying?

KimSolo

No, it's not saying that. Only $350 will be charged to CC if you don't already have that cash amount available in your Loyal3 account.

MasterCharge

its a tedious process but i set auto purchase at the beginning of the month for 50 stocks and sold a day after purchased cleared and ached out to bank 3 days after and then changed the auto debit from cc to middle of the months for 52 stocks and with the same processed sold a day after buy and ach out 3 days later.

alaskantraveler

Just wanted to share my experience with Loyal3. I bought $2,400 in stocks over the past 10 days. Sold all $2,400 two days ago. I used my barclays arrival and score 2.22% plus I made a $26.74 profit from selling the stocks So in total I made $80.02 profit. One downside is the length of time it takes for the money to be deposited into your loyal3 account so that you can withdraw it back to your bank. They say it should take 3 business days, but in my experience is was at least 4 days. Then I had to do the transfer to my bank which took another 3 days or so. Just be aware of the timing.

crapz1

Brilliant. I just set up a scheduled purchase of 50 stocks for the 1st of next month.

r.brown

I know most of you are looking for a quick and easy way to earn points, but something else to think about...

The Barclay's Arrival card I believe (mine did at least) comes with 12 months 0% on purchases. You can always buy stocks and hold them long term and sell them off when the 0% intro APR ends. Barclay's only requires a 1% minimum monthly payment.

Granted you can always lose money with investing, even worse so using borrowed money to invest, but with a well diversified portfolio of some of these major companies that Loyal3 offers, especially dividend paying ones, you should come out nicely using borrowed money.

alaskantraveler

I hadn't really thought about that, but you are limited to your credit limit. I am churning more than my credit limit every month so I have to pay it down to churn more. I guess if someone has a high $15k or $20K limit, it would be worth it. I don't like setting the precedent for myself of keeping credit card balances.

MasterCharge

sounds too painful in terms of having an excellent credit profile, even with other cc to help with utilization, you still run the risk of having one card maxed out at some point in the 12 month period.

Pecan Pie

your credit card doesn't give a beep with 50 $50 charges?
I'm tempted to try this but am worried about fraud alert

JBG89

Thanks!

Doing this now.

Any reason that you used 52 stocks the 2nd half?