Any Potential Problems with Amassing a Huge Amazon GC balance?
#31
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,731
No, RNE is not asking 'and how?'. he is exclaiming "and how!'
https://en.wiktionary.org/wiki/and_how
https://en.wiktionary.org/wiki/and_how
In other words, his speed of spend is way behind his speed of piling up - hence he worries about account closure. Simply does not make sense if you can burn thru many thousands in a year, why would you have such large balance, AND worry about account closure?
#32
Join Date: Feb 2015
Posts: 319
I have a little under $1k total in two different Amazon accounts and will be glad for some GC reselling deals to empty it out.
Don’t forget family needs to know about the balances and account information in case something happens to you.
Don’t forget family needs to know about the balances and account information in case something happens to you.
#33
Original Poster
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
FWIW, here's some interesting discussions related to amazon closing accounts with huge balance: https://forum.elliott.org/forums/amazon.83/
#34
Join Date: Jul 2014
Posts: 3,688
#36
Join Date: May 2015
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Posts: 1,929
The few examples I read from Mamibear's link sounds like from people who can't even explain clearly how they got the GCs to load into Amazon, from a friend, new account, etc.
I've had an Amazon account for almost 12 years, have an Amazon Chase card linked as well as other Freedom and Discover cards as well as Amex MR cards.
I've had as high as $2500 this year, which is now down to about $900.
I've had the same address on file with them, made returns, not excessively.
Sketchy behavior will lead to adverse actions, not the balance by itself. Same as the UR or MR balance you asked about. IMO.
I've had an Amazon account for almost 12 years, have an Amazon Chase card linked as well as other Freedom and Discover cards as well as Amex MR cards.
I've had as high as $2500 this year, which is now down to about $900.
I've had the same address on file with them, made returns, not excessively.
Sketchy behavior will lead to adverse actions, not the balance by itself. Same as the UR or MR balance you asked about. IMO.
#37
Original Poster
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
Doing the math: To maximize my 3 Freedom cards' bonus categories is $1500 x 3 = $4500 x 4 quarters = $18,000/year x 5 UR = 90,000 UR/year. Explains why my Amazon account is at 5 figures and my UR total is 7 figures.
RNE, having a monkey on my back.
#38
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 9,981
The few examples I read from Mamibear's link sounds like from people who can't even explain clearly how they got the GCs to load into Amazon, from a friend, new account, etc.
I've had an Amazon account for almost 12 years, have an Amazon Chase card linked as well as other Freedom and Discover cards as well as Amex MR cards.
I've had as high as $2500 this year, which is now down to about $900.
I've had the same address on file with them, made returns, not excessively.
Sketchy behavior will lead to adverse actions, not the balance by itself. Same as the UR or MR balance you asked about. IMO.
I've had an Amazon account for almost 12 years, have an Amazon Chase card linked as well as other Freedom and Discover cards as well as Amex MR cards.
I've had as high as $2500 this year, which is now down to about $900.
I've had the same address on file with them, made returns, not excessively.
Sketchy behavior will lead to adverse actions, not the balance by itself. Same as the UR or MR balance you asked about. IMO.
For the other probably 99% of us who have big Amazon balances (I just made an Office Depot trip on Thursday to re-up mine), we just ride along happily, getting 7.5% off all of our Amazon purchases without complaint.
#40
Join Date: Jul 2014
Posts: 369
I personally do not think you have any risk with Amazon. It does not sound like you have a liquidation method for amazon credits other than spending. I do think you should learn how to MS. If you are willing to do this and you have this bank roll, MS will be much, much more profitable. You should still buy Amazon gift cards, better yo get 5x on your real spend, but learn about manufactured spending. 1MM UR points is great to make, even better to use that amount annually.
#41
Join Date: Jul 2014
Posts: 3,688
mpd's new article is relevant to OP:
Amazon closed my account because of a high gift card balance Miles per Day
This company has become too big for its britches that they confiscate funds for whatever reasons and only if the customer is persistent is there a chance to get their accounts reinstated and/or get their funds back. I'm not sure if complaints against this company is covered by CFPB.
Amazon closed my account because of a high gift card balance Miles per Day
This company has become too big for its britches that they confiscate funds for whatever reasons and only if the customer is persistent is there a chance to get their accounts reinstated and/or get their funds back. I'm not sure if complaints against this company is covered by CFPB.
#43
Join Date: May 2017
Location: USA
Posts: 207
Just looked for posts with shutdown on that site, and sure enough, quite a few in his history. This one gave me a laugh, back in 2016 being shutdown by Chase. He's all surprised but glosses over the fact that he spent $250k plus in ONE QUARTER. And that was sudden uptick from previous spending habits. I'm thinking, well duh. You'd think certain bloggers who do this for a living would be smarter about keeping their golden goose alive and well, but greed does them in.
#44
A FlyerTalk Posting Legend; Moderator: American Express, Capital One, Citi, Chase, Credit Card Programs, Diners Club, Signatures
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mpd's new article is relevant to OP:
Amazon closed my account because of a high gift card balance Miles per Day
Amazon closed my account because of a high gift card balance Miles per Day
#45
Join Date: Dec 2017
Location: IN, US
Programs: Mariott SE, HH, SPG SE, LT S, 9W BP
Posts: 63
One really effective way to burn through this massive GC balance in case you think the account may get banned is to get gold ingots on Amazon and sell them in the open markets. The amount you lose will be tiny compared to the points you'd have racked up.