Buying large quantities of miles
Jul 6, 2010 | 12:22 am
#46
Join Date: Apr 2002
Location: MHT/BOS <--> World
Programs: AA Plat 2.8MM
Posts: 4,629
Paypal also has a reputation for locking accounts and seizing assets with little or no explanation, taking months to investigate, and not necessarily coming up with a result that is favorable. I frequently see people on Fatwallet and elsewhere recommending that if one must have a Paypal account, it be linked to a secondary checking account, with money only in that as needed.
Jul 6, 2010 | 12:28 am
#47
Join Date: May 2008
Posts: 143
I'm not suggesting that Paypal is evil (though many do).
I'd suggest, though, that given their history (and the potential for fraud you mention), running hundreds of thousands of dollars of fake credit card charges through them might not necessarily be the best idea, even if it's technically legal.
I'd suggest, though, that given their history (and the potential for fraud you mention), running hundreds of thousands of dollars of fake credit card charges through them might not necessarily be the best idea, even if it's technically legal.
Jul 6, 2010 | 4:29 am
#49
Join Date: Jul 2010
Posts: 1
shipping forums
Why don't you invest some time on FT and put some time in here to gleam the benefits that come with posting and reading posts. There are dozens of schemes already posted. Search and read them and formulate your list to report back to us. That is buying in to the community and we will give you a for your efforts.
______________________________________thank you
______________________________________thank you
Jul 6, 2010 | 9:02 am
#51
Join Date: Jun 2010
Posts: 406
The 50 bonus is not through payusatax. It's a current promo that USAir is running through July 31 for transfers of miles from partners, including hotel partners. You need to register. http://shopping.usairways.com/promot...c=dm_txt_00908
So, if you have a starwood amex, it would work like this:
1) Pay $100,000 using official payments (which drops you to 2.1 percent surcharge).
2) This will give you 100,000 starwood points, which convert at a rate of 1.25/1 to U.S. Air. With the 50 percent bonus that's 180k miles.
To make it work, you'd need to have your starwood amex statement close before July 31 so that the points will post to your account for the USAir promo.
Make sense?
So, if you have a starwood amex, it would work like this:
1) Pay $100,000 using official payments (which drops you to 2.1 percent surcharge).
2) This will give you 100,000 starwood points, which convert at a rate of 1.25/1 to U.S. Air. With the 50 percent bonus that's 180k miles.
To make it work, you'd need to have your starwood amex statement close before July 31 so that the points will post to your account for the USAir promo.
Make sense?
Jul 6, 2010 | 9:34 am
#52
Join Date: May 2005
Location: FLL
Programs: DL ♦M MM|HH♦|Marr Slvr|CO UA AA US|Pri Cub Plat|SPG|Avis 1st|Htz 5*
Posts: 5,044
You can try to pay $100K on your account thus reflecting a negative balance. but the attempted charge might be placed up against your limit and not your balance thus still being rejected.
Have you called Amex and asked them? It couldn't hurt.
Jul 6, 2010 | 9:36 am
#53
Join Date: May 2008
Posts: 143
In this credit environment (and with AMEX's penchant for financial review), I have to wonder if any kind of ridiculously unusual activity is a good idea. Overpaying a card by $100,000 sure seems unusual to me (and might even appear to be something more than shady, like money laundering).
Boy, am I a wet blanket today.
Boy, am I a wet blanket today.
Jul 6, 2010 | 11:40 am
#54
Join Date: Jun 2010
Posts: 406
In this credit environment (and with AMEX's penchant for financial review), I have to wonder if any kind of ridiculously unusual activity is a good idea. Overpaying a card by $100,000 sure seems unusual to me (and might even appear to be something more than shady, like money laundering).
Boy, am I a wet blanket today.
Boy, am I a wet blanket today.
Jul 6, 2010 | 11:51 am
#55
Join Date: Oct 2003
Location: PDX/AUS
Programs: AA-UA-AS IHG-SPG-Carlson
Posts: 4,562
Jul 6, 2010 | 1:12 pm
#56
Join Date: Jun 2010
Posts: 406
Jul 6, 2010 | 1:20 pm
#57
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,680
You have to do it as a push from your bank's bill pay service. Then it gets there electronically, and you're fine.
Jul 6, 2010 | 2:11 pm
#58
Join Date: Feb 2009
Location: WI
Programs: HHonors Gold, UAMP
Posts: 895
Using a merchant account is a bad idea, if you are using one in place its a bad idea as if they find out you would get shutdown and would place problems for legit transactions. Its not advisable to open a merchant account for this purpose also, as it is against the TOS.
I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.
Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.
I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.
Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.
Jul 6, 2010 | 2:41 pm
#59
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,680
Using a merchant account is a bad idea, if you are using one in place its a bad idea as if they find out you would get shutdown and would place problems for legit transactions. Its not advisable to open a merchant account for this purpose also, as it is against the TOS.
I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.
Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.
I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.
Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.
http://www.aa.com/i18n/AAdvantage/pa...vices/bbcp.jsp
Tell us if they offer competitive rates!
Jul 6, 2010 | 8:19 pm
#60
Join Date: Jun 2010
Posts: 406
Using a merchant account is a bad idea, if you are using one in place its a bad idea as if they find out you would get shutdown and would place problems for legit transactions. Its not advisable to open a merchant account for this purpose also, as it is against the TOS.
I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.
Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.
I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.
Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.