Cami
Queen Bee
- Since
- Dec 27, 2011
- Messages
- 13,886
- Score
- 21
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Cami, you aided and abetted.
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Thanks for the feedback guys.
Another idea came to mind. Can i purchase a prepaid debit card/ visa gift card with a 2,000 limit with my Credit Card? Im trying to circumvent the fact that i cant pay my house payment on a credit card but i can on a debit card.
It's possible, depends on store policy (the software used at the terminal) and the cashier.
Some places will allow it and others won't, hit or miss.
Timer:
Buy a TV for $1500 from Best Buy.
Do a "split transaction" meaning you use two credit cards, use the Chase Visa for $1200 and another Visa card for the balance.
Wait a few days and return the TV, get the refund processed to the NON Chase card!
Rinse/repeat.
You can do this with high end items and it doesn't have to be at Best Buy.
Plommer has used similar schemes for converting gift cards and merchandise back to cash.
Plommer is a bit of a criminal.
and what happens when the non chase card doesn't have a $1200 outstanding balance on it?
What happens?
That depends on what his limit is on that card and the amount of available credit.
If his balance is zero I would recommend taking a cash advance for $1200, then the credit from the return will replenish the advance.
Besty, I hope you're not questioning my abilities, pal.
25% for a few days? I don't think so.and get pegged for 25+% interest. that is if you are even able to get a CA with a negative balance
and some cards might actually reject a credit that was never put on the card in the first place. especially for $1200.