Here is my theory/hope, I buy $30k worth of tickets during the double mile promotion, and earn 60k miles, once the billing cycle closes and the miles post, I will cancel the tickets and get the refund, since the refund happened in a billing cycle that's only 1 for 1, the bank will only retract 30k miles, leaving me a net 30k gain. And if the refund post fast enough, I don't have to make any payment.
Clever. I understand now. BUT....do you know for sure if the refunds in the next billing cycle will be 1 point to 1 dollar? True you don't lose anything if they do catch on to the refund and take back everything you earned with these tickets. I would hate to see you waste your time for nothing. This isn't something I would call and ask on either; why bother tipping them off? I would suggest that if you have not done so already, to closely read the T&C (if there are any) of the double points promo and see if it mentions anything about returns.
Worst comes to worst they see you are increasing your spending habits and you might get a CLI :)
pushback
Oct 3, 2006 2:46 pm
wow--and I thought my finance charge avoidence technique I mentioned was dastardly.
chexfan
Oct 3, 2006 3:08 pm
LAN, did it within 48 hours for me (via their website).
SingaBear
Oct 6, 2006 10:00 am
Avoid Thai Airways...3-6 months.
Tennisbum
Oct 6, 2006 10:08 am
Originally Posted by zlc
Here is my theory/hope, I buy $30k worth of tickets during the double mile promotion, and earn 60k miles, once the billing cycle closes and the miles post, I will cancel the tickets and get the refund, since the refund happened in a billing cycle that's only 1 for 1, the bank will only retract 30k miles, leaving me a net 30k gain. And if the refund post fast enough, I don't have to make any payment.
Don't know which card you use, but in my experience, these sort of promotional "bonus" miles don't post as fast as regular miles. (Maybe I use the wrong cards?)
