[EXPIRED] Buy Traveler's Checks with AMEX cc
May 25, 2007, 12:22 am
#46
Join Date: Jul 2006
Location: San Francisco
Posts: 116
Great tip. 1st time I knew of this. But I agree that this thread should be deleted. Suggestion to the mods to leave open threads like this for 1 or 2 days and then delete. Maybe allow a new posting once a month or so.
But again, thanks very much!
I'm going to try it with $1000 every other week.
^ ^ ^
EDIT: Quick question: How do I increase cash advance limits? Do I have to call them or can I do it online?
But again, thanks very much!
I'm going to try it with $1000 every other week.
^ ^ ^
EDIT: Quick question: How do I increase cash advance limits? Do I have to call them or can I do it online?
Last edited by shukris; May 25, 2007 at 12:28 am
May 25, 2007, 2:31 am
#47
Original Poster
Join Date: Apr 1999
Location: Oak Park, IL
Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA
Posts: 3,585
call them and ask to increase your limit.
I think it is funny that now that you know about it, and didn't know before, this thread should be eliminated. I thought flyertalk was about sharing and helping one another. If everyone else felt this, we wouldn' have a bulletin board. Let me think of all that has been shared.
TC from Chase
c2it
savings bonds
gift card at Wal Mart to use at Sam's Club
Double coupons for Healthy Choice
Oh, I'll just stop at that. Except for the savings bonds and Wal Mart which I found out or figured out on my own, I would not have benefited had it not been discussed here. I am always grateful to those who share.
I think it is funny that now that you know about it, and didn't know before, this thread should be eliminated. I thought flyertalk was about sharing and helping one another. If everyone else felt this, we wouldn' have a bulletin board. Let me think of all that has been shared.
TC from Chase
c2it
savings bonds
gift card at Wal Mart to use at Sam's Club
Double coupons for Healthy Choice
Oh, I'll just stop at that. Except for the savings bonds and Wal Mart which I found out or figured out on my own, I would not have benefited had it not been discussed here. I am always grateful to those who share.
May 25, 2007, 5:39 am
#48
Join Date: May 2004
Location: LAX
Programs: CO Platinum HHonors Diamond Avis President's Club
Posts: 2,312
call them and ask to increase your limit.
I think it is funny that now that you know about it, and didn't know before, this thread should be eliminated. I thought flyertalk was about sharing and helping one another. If everyone else felt this, we wouldn' have a bulletin board. Let me think of all that has been shared.
TC from Chase
c2it
savings bonds
gift card at Wal Mart to use at Sam's Club
Double coupons for Healthy Choice
Oh, I'll just stop at that. Except for the savings bonds and Wal Mart which I found out or figured out on my own, I would not have benefited had it not been discussed here. I am always grateful to those who share.
I think it is funny that now that you know about it, and didn't know before, this thread should be eliminated. I thought flyertalk was about sharing and helping one another. If everyone else felt this, we wouldn' have a bulletin board. Let me think of all that has been shared.
TC from Chase
c2it
savings bonds
gift card at Wal Mart to use at Sam's Club
Double coupons for Healthy Choice
Oh, I'll just stop at that. Except for the savings bonds and Wal Mart which I found out or figured out on my own, I would not have benefited had it not been discussed here. I am always grateful to those who share.
May 25, 2007, 6:04 am
#49
Join Date: Dec 2004
Posts: 7,904
Since you wished knowing about this earlier, I'll mention that I did this sort of thing with my AAA credit card when I was a starving grad student. (that's 3 A's for the auto club). They allowed free traveller's checks, so I used it to float cash while waiting for my stipend. You might still be able to do this, but I'm not sure.
Last edited by rrgg; May 25, 2007 at 10:31 am
May 25, 2007, 7:13 am
#50
Join Date: Jan 2000
Location: Ashburn, VA (IAD/DCA/BWI)
Posts: 2,748
Since you wished knowing about this earlier, I'll mention that I did this sort of thing with my AAA credit card when I was a starving grad student. (that's 3 A's for the auto club). They allowed free traveller's checks, so I used it to float cash while waiting for my stipend. You might still be able to do this, but I'm not sure.
May 25, 2007, 9:33 am
#51
Join Date: Dec 2006
Location: IND
Posts: 417
I have two questions regarding this:
1- when you get TCs, is there any processing fees in addition to the amount of TCs you want?
2- You can buy foriegn currency TCs online as well as i checked, and you can use any CC, the only problem there is processing fees and mailiing fees. I guess this was a statement.
1- when you get TCs, is there any processing fees in addition to the amount of TCs you want?
2- You can buy foriegn currency TCs online as well as i checked, and you can use any CC, the only problem there is processing fees and mailiing fees. I guess this was a statement.
May 25, 2007, 10:41 am
#52
Join Date: Feb 2007
Posts: 366
I have purched amex gift cards at safeway for company giveaways using my amex card and have never paid attention if it was billed as cash or a purchase. Any ideas?
May 25, 2007, 10:55 am
#54
Join Date: Jan 2000
Location: Ashburn, VA (IAD/DCA/BWI)
Posts: 2,748
I have two questions regarding this:
1- when you get TCs, is there any processing fees in addition to the amount of TCs you want?
2- You can buy foriegn currency TCs online as well as i checked, and you can use any CC, the only problem there is processing fees and mailiing fees. I guess this was a statement.
1- when you get TCs, is there any processing fees in addition to the amount of TCs you want?
2- You can buy foriegn currency TCs online as well as i checked, and you can use any CC, the only problem there is processing fees and mailiing fees. I guess this was a statement.
May 25, 2007, 1:20 pm
#56
Join Date: Mar 2007
Posts: 200
your deposit has to be $10K or multiple deposits that total $10K structured to avoid the reporting requirements under the federal money laundering statute.
May 25, 2007, 1:42 pm
#57
Join Date: Feb 2006
Location: DC Metro (WAS--DCA/IAD/BWI)
Programs: AA Plat 2MM, OW Sapphire, QF Bronze, Marriott Silver, Starwood Gold; National Emerald
Posts: 2,533
Originally Posted by DH
1 - The fee is waived for AmEx card members.
Steve
May 25, 2007, 2:04 pm
#58
Join Date: Jun 2004
Programs: united airlines
Posts: 4,967
I am going to do a big trip in the Fall.
What are the advantages of getting Travelers Checks over just using a CC while there?
And what about foreign currency Travelers Checks? Is the value of the $ falling enough to make it worthwhile getting Yen and Aust$ now for a Fall trip?
Thanks,
Steve
What are the advantages of getting Travelers Checks over just using a CC while there?
And what about foreign currency Travelers Checks? Is the value of the $ falling enough to make it worthwhile getting Yen and Aust$ now for a Fall trip?
Thanks,
Steve
As for the advantages of travelers checks over a CC, the only one that occurs to me is that you may avoid a 2 or 3% foreign exchange charge by the CC issuer. But travelers checks usually entail their own costs if you are exchanging them for foreign currency, as well as the inconvenience of going into a bank or exchange office. ATMs are the best in my view, though with them you will have the lesser security of carrying around cash.
May 25, 2007, 2:08 pm
#59
Join Date: Jun 2004
Programs: united airlines
Posts: 4,967
If you draw your cash from an ATM, though, you are already in the local currency, hence no need to exchange currency and worry about commissions and exchange rates. (ATM transactions should get one the best exchange rates. CCs should get the best exchange rates too, but with most of them there is the bank's 2 or 3% vigorish.)