You signed up for new credit card great! Now, you’re stuck with having to spend $5000 and you don’t know how to spend it. Between your car payment, gas, insurance and groceries you’re still short some money. Your face is three options.
Three options to choose from
Option 1. Do like we do spend on something and resell on eBay or Amazon.
Option 2. buy something careless like a new laptop or iPhone. Only buy what you can afford!
Option 3. Buy something refundable and cancel the purchase.
We already discussed option one being a reseller on eBay and Amazon at length in this post and in this post. At a later time we plan on going into more depth, sharing more secrets, and more details on how to make a lot of money. We also plan on showing you different opportunities such as cashback, student discounts, And other areas which will allow you to cut corners and maximize profits.
Option 2 really isn’t an option. No one spending $1000 on that new computer, watch, game just to meet a spending requirement. It’s like flushing your whole sign up on us down the toilet. Unless, that’s what you wanted to use your sign-up bonus for. I know someone that signed up for three Credit cards to spend $10,000 in a brand-new car. They used part of their sign up bonus as a way towards the spending of the car.
Need to spend $1,000? How about a new Macbook?
Option three is a refundable purchase. There two types of refundable out there.
Type one, would be refundable Merchandise.
I will give two examples of refundable merchandise. A store like Nordstrom. Nordstrom allows you to buy something on a credit card going to the store and return for cash. It’s an easy way to me to spend requirement swipe $3000 On a luxury item and then going to your nearest mortuary turner for a check or cash back. Honestly thinking if you take cash back that will probably be money-laundering. Another store that has this return policy would be Costco. Costco.com listed to pay with credit cards other than American Express. If you buy something on a visa card and bring it to start your return, they will give you back your money via check. They have no way of refunding visa card in the store. They only can refund American Express credit cards.
Type two refundable would be airline tickets.
Go onto any website united.com delta.com etc. and book a fully refundable ticket for xxx months in advance. Then wait for your sign a statement to close site upon is supposed to pull the trigger and refund that you like ticket. The money will go back into your account. And the points will stay.
Or will it?
Lately, American Express has been cracking down on refundable airline tickets. There have even been reports on this Reddit post Of American express phone event sign-up bonus accounts. They have also been reports of the special Amyx department set up track these type of people.
Doing something that wasn’t ethnical to bother you, then losing your sign up bonus by being quarterback from American Express. I am proud to say that I have never done before and the balls to meet a spending threshold. I don’t think it’s ethnical, or fear. More so I think it straight out stealing from the credit card issuer, And from the merchant.
Why you ask me. First of all stealing from the merchant. The merchant praise a credit card processing fee when charging a credit card. This is typically in the tuna half to 3% range. The sea is not only not returned when issuing refund, but they have to pay the fee second time if they put it back to a different credit card.
Additionally is six healing from the card issuer. The Kardashian’s giving you a signing bonus in lieu of the spends. They’re hoping that you won’t make the spend requirement, or you pay late, forget about your new account and they could charge you interest and the source of other fees. They’re also giving you a Of credit and hope for you to build on that line of credit and build trust in a relationship with them. They’re looking for a long-term commitment and business relationship that will burn them A nice return in the long run.
Signing up for credit cards, then booking refundable getting your points followed by closing your account is very calming. If your one of these people that do this be where the Day of reckoning is here.