Apr 10, 2014, 9:32 pm
Last edit by: MasterCharge
Limits
As of November 20th, 2014, Loyal3 does not allows purchases of $10, $25 and $50 with a credit card.
No Cash Advance:
Bank of America Virgin Atlantic
Bank of America Alaska Air
Barclaycard Arrival
Capital One (All Cards)
Citi Platinum AAdvantage Visa
Chase Hyatt
Chase Freedom
Chase Marriott
Chase Sapphire Preferred
Chase United MileagePlus Explorer
Chase United Business
US Bank Flex Perks
Cash Advance:
*Data Needed
Placing Orders
- Make sure when you place an order, the funding source is selected as your CC and not the Checking account that it defaults too. Loyal3 won't cancel the buy order, and some have suggested the only way is to put a stop on the amount by contacting your bank.
Current Stocks Available for Trade
*A total of sixty-two (62) as of 10/14/2014
IPO's for Trade Now
*
As of November 20th, 2014, Loyal3 does not allows purchases of $10, $25 and $50 with a credit card.
Maximum purchase generally limited to $10,000 per IPO and $2,500 per month per non-IPO stock.
Bank of America Virgin Atlantic
Bank of America Alaska Air
Barclaycard Arrival
Capital One (All Cards)
Citi Platinum AAdvantage Visa
Chase Hyatt
Chase Freedom
Chase Marriott
Chase Sapphire Preferred
Chase United MileagePlus Explorer
Chase United Business
US Bank Flex Perks
Cash Advance:
*Data Needed
Placing Orders
- Make sure when you place an order, the funding source is selected as your CC and not the Checking account that it defaults too. Loyal3 won't cancel the buy order, and some have suggested the only way is to put a stop on the amount by contacting your bank.
Current Stocks Available for Trade
*A total of sixty-two (62) as of 10/14/2014
- NASDAQ: FOX
- NASDAQ: AMZN
- NASDAQ: AAPL
- NASDAQ: ATVI
- NASDAQ: BWLD
- NASDAQ: DISCA
- NASDAQ: DNKN
- NASDAQ: EA
- NASDAQ: EIGI
- NASDAQ: FB
- NASDAQ: FTR
- NASDAQ: GPRO
- NASDAQ: GOOGL
- NASDAQ: HAS
- NASDAQ: INTC
- NASDAQ: KRFT
- NASDAQ: MAT
- NASDAQ: MSFT
- NASDAQ: MDLZ
- NASDAQ: MNST
- NASDAQ: PLAY
- NASDAQ: SBUX
- NASDAQ: VIAB
- NASDAQ: YHOO
- NYSE: GLOB
- NYSE: AMC
- NYSE: ANF
- NYSE: ARO
- NYSE: AEO
- NYSE: BABA
- NYSE: BUD
- NYSE: BRK.B
- NYSE: BBY
- NYSE: BKW
- NYSE: KO
- NYSE: DIS
- NYSE: DPS
- NYSE: GPS
- NYSE: HSY
- NYSE: HUBS
- NYSE: KATE
- NYSE: K
- NYSE: KSS
- NYSE: LB
- NYSE: M
- NYSE: MCD
- NYSE: NKE
- NYSE: NOK
- NYSE: PVH
- NYSE: PEP
- NYSE: ZQK
- NYSE: RL
- NYSE: SC
- NYSE: TGT
- NYSE: TWX
- NYSE: TRUP
- NYSE: TWTR
- NYSE: UL
- NYSE: VFC
- NYSE: WMT
- NYSE: WWE
- NYSE: YUM
IPO's for Trade Now
*
loyal3 free stock trades with credit/debit card
Sep 14, 2014, 1:21 pm
#421
Join Date: Jan 2014
Location: Chyona
Programs: Anywhere I can ski...
Posts: 401
Sep 14, 2014, 3:15 pm
#422
Join Date: Jun 2014
Posts: 41
IRS mandates that brokerages send 1099s with cost basis information. It's not clear how loyal3 will do this...presumably first in first out...but other brokerages sometimes give you an option. Loyal3's low overhead model probably doesn't allow for this. It's fairly easy to cut and past your buys and sells into a spreadsheet and calculate it that way for your own records.
Sep 17, 2014, 7:32 am
#423
Join Date: Dec 2004
Posts: 7,905
Sep 17, 2014, 6:03 pm
#424
Join Date: May 2014
Posts: 168
That would scare me more for Barclay closing your account than using multiple cards on Loyal 3.
Ive used 6 different cards on Loyal 3 and put 4 to 5 charges on each per day. Its a PITA cause you have to go into the profile and switch out card numbers. Ive also liquidated a few VGC on Loyal 3. Granted Ive only been at it for 3 months but not a peep from them yet.
Sep 17, 2014, 6:46 pm
#425
Join Date: Dec 2004
Posts: 7,905
Someone posted a letter of warning or closure from loyal3 and frequently switching your credit card was one of the reasons.
Sep 17, 2014, 8:42 pm
#427
Join Date: Sep 2012
Location: Western US
Programs: WN CP, WN A-List Preferred, AS MVPG 75k, SPG Gold, Hilton Gold, Hyatt Diamond
Posts: 554
GOOG
http://www.nasdaq.com/symbol/goog
and
GOOGL
http://www.nasdaq.com/symbol/googl
Loyal3 purchases go towards GOOGL shares.
Sep 18, 2014, 10:40 pm
#429
Join Date: Dec 2011
Location: Anchorage, Alaska
Programs: AS MVP 75K, DL Gold
Posts: 204
So your saying that you have put 400 $50 charges on your Arrival in one billing cylce?
That would scare me more for Barclay closing your account than using multiple cards on Loyal 3.
Ive used 6 different cards on Loyal 3 and put 4 to 5 charges on each per day. Its a PITA cause you have to go into the profile and switch out card numbers. Ive also liquidated a few VGC on Loyal 3. Granted Ive only been at it for 3 months but not a peep from them yet.
That would scare me more for Barclay closing your account than using multiple cards on Loyal 3.
Ive used 6 different cards on Loyal 3 and put 4 to 5 charges on each per day. Its a PITA cause you have to go into the profile and switch out card numbers. Ive also liquidated a few VGC on Loyal 3. Granted Ive only been at it for 3 months but not a peep from them yet.
Last edited by alaskantraveler; Sep 18, 2014 at 10:43 pm Reason: spelling
Sep 18, 2014, 11:09 pm
#430
Join Date: Jan 2014
Location: Chyona
Programs: Anywhere I can ski...
Posts: 401
Barclays just wants to make sure you are the one authorizing the Loyal3 purchases. They dont care how many. They still make their money. Yes, $25K in $50 transactions have run thru my Barclays card. I did get a fraud alert when I ramped up to 20 transactions per day. All I had to do was aurthorize that the charges were made by me and no problems since.
Sep 18, 2014, 11:24 pm
#431
Join Date: Jan 2014
Location: Chyona
Programs: Anywhere I can ski...
Posts: 401
I just re-read tha L3 buy limit again and found that I was not reading it right the first time.
what does this mean, well per each individual "stock", currently 59, once can buy $2500 per month. So it appears that one can buy (2500)(59) per month on L3. So $147.5K every month.
Maximum purchase generally limited to $10,000 per IPO and $2,500 per month per non-IPO stock.
Sep 20, 2014, 9:30 am
#435
Join Date: Dec 2011
Location: Anchorage, Alaska
Programs: AS MVP 75K, DL Gold
Posts: 204
Yes, it wasn't $25k in one month, probably closer to $20K for the month of August. I use a small local credit union. They dont seem to care. I also push alot of money orders thru the account.