Author Topic: Buying gift cards/credit cards to rack up points (Read 60456 times)

AJK · « **Reply #40 on:** November 10, 2011, 11:00:23 AM »

Quote from: DBpoints on November 10, 2011, 10:58:04 AM

he wrote 10,000 im assuming $$$$ a month

+1

I think in the beginning there they didn't impost the 2k/month limit.

DBpoints · « **Reply #41 on:** November 10, 2011, 11:02:33 AM »

you asked if he had 10+ people he was sending to...im simply saying he was sending 10k a month not to ten people like you asked

HelpMe · « **Reply #42 on:** November 10, 2011, 11:03:14 AM »

Quote from: AsherO on November 10, 2011, 10:56:27 AM

But did you have multiple accounts?

Have multiple accounts at the same household but not under the same name. Venmo had no limit when it first started. Just sent back and forth among a small group.

HelpMe · « **Reply #43 on:** November 10, 2011, 11:03:53 AM »

Quote from: AJK on November 10, 2011, 11:00:23 AM

I think in the beginning there they didn't impost the 2k/month limit.

Correct!

AsherO · « **Reply #44 on:** November 10, 2011, 11:07:30 AM »

Quote from: DBpoints on November 10, 2011, 11:02:33 AM

you asked if he had 10+ people he was sending to...im simply saying he was sending 10k a month not to ten people like you asked

He also said he wouldn't do $2k to one person, so assuming $1k per person, I'm asking if he was transferring to 6-10 (or more) people and getting cash/check from them, or was he doing this:

Quote from: HelpMe on November 10, 2011, 11:03:14 AM

sent back and forth among a small group.

??

HelpMe · « **Reply #45 on:** November 10, 2011, 11:18:18 AM »

Quote from: AsherO on November 10, 2011, 11:07:30 AM

??

Say you have a group of ten. A sends C 1250, C sends D 900 & 350, D sends G 700 & 550 and so on. When done everyone sent and received 1250. Rinse and repeat with a different amount. I don’t recommend this now.

What seems to work now is husband sends wife 1459.36 on the 5th of every month with the note “mortgage payment”. Son sends dad 356.93 on the 10th of every month with a note “car payment”. I think you get the idea.

AsherO · « **Reply #46 on:** November 10, 2011, 11:20:01 AM »

Quote from: HelpMe on November 10, 2011, 11:18:18 AM

Say you have a group of ten. A sends C 1250, C sends D 900 & 350, D sends G 700 & 550 and so on. When done everyone sent and received 1250. Rinse and repeat with a different amount. I don’t recommend this now.

What seems to work now is husband sends wife 1459.36 on the 5th of every month with the note “mortgage payment”. Son sends dad 356.93 on the 10th of every month with a note “car payment”. I think you get the idea.

Your recommendation of latter vs. former is based on reports of people getting shut down for the former? If yes, how many people/accounts in the ring?

HelpMe · « **Reply #47 on:** November 10, 2011, 11:32:11 AM »

Quote from: AsherO on November 10, 2011, 11:20:01 AM

Your recommendation of latter vs. former is based on reports of people getting shut down for the former? If yes, how many people/accounts in the ring?

Twelve individual accounts and all were shut down. Many are back and running under different ID’s but the 2k limit is too low for me.

You have to understand with any of these deals to last you have to use moderation, I did not do that and was stupid, greedy or both. What is also important is I do not do this for points/miles or to meet spending requirements. It is all about cash.

AJK · « **Reply #48 on:** November 10, 2011, 11:33:05 AM »

Quote from: HelpMe on November 10, 2011, 11:32:11 AM

Twelve individual accounts and all were shut down. Many are back and running under different ID’s but the 2k limit is too low for me.

You have to understand with any of these deals to last you have to use moderation, I did not do that and was stupid, greedy or both. What is also important is I do not do this for points/miles or to meet spending requirements. It is all about cash.

After being shutdown, have you found a way to get back on?

New accounts maybe?

HelpMe · « **Reply #49 on:** November 10, 2011, 11:41:04 AM »

Quote from: AJK on November 10, 2011, 11:33:05 AM

After being shutdown, have you found a way to get back on?

New accounts maybe?

The ones that decided to continue use different ID's. I do not know of anyone that was able to get an account unsuspended.

From Venmo:
After reviewing your transaction history, we have determined that your activity has been inappropriate for use on Venmo and against our Terms and Conditions. As a result, we have decided to delete your account with us.

This was last year.

AJK · « **Reply #50 on:** November 10, 2011, 11:42:37 AM »

Quote from: HelpMe on November 10, 2011, 11:41:04 AM

The ones that decided to continue use different ID's. I do not know of anyone that was able to get an account unsuspended.

From Venmo:
After reviewing your transaction history, we have determined that your activity has been inappropriate for use on Venmo and against our Terms and Conditions. As a result, we have decided to delete your account with us.

Different IDs, same address? Same name? Same credit card?

AsherO · « **Reply #51 on:** November 10, 2011, 11:43:06 AM »

Quote from: HelpMe on November 10, 2011, 11:41:04 AM

The ones that decided to continue use different ID's. I do not know of anyone that was able to get an account unsuspended.

From Venmo:
After reviewing your transaction history, we have determined that your activity has been inappropriate for use on Venmo and against our Terms and Conditions. As a result, we have decided to delete your account with us.

Delete? Interesting word-choice...

Did anyone have funds frozen with Venmo? Were they able to recover them?

HelpMe · « **Reply #52 on:** November 10, 2011, 11:52:03 AM »

Quote from: AJK on November 10, 2011, 11:42:37 AM

Different IDs, same address? Same name? Same credit card?

Sorry, I really can't go there.

HelpMe · « **Reply #53 on:** November 10, 2011, 11:53:03 AM »

Quote from: AsherO on November 10, 2011, 11:43:06 AM

Delete? Interesting word-choice...

Did anyone have funds frozen with Venmo? Were they able to recover them?

I did not but others did for a short period of time. Nobody lost any funds.

AsherO · « **Reply #54 on:** November 10, 2011, 12:13:17 PM »

Quote from: HelpMe on November 10, 2011, 11:52:03 AM

Sorry, I really can't go there.

Quote from: HelpMe on November 10, 2011, 11:53:03 AM

I did not but others did for a short period of time. Nobody lost any funds.

Thanks for sharing what you did

P.s. you should consider multi-quoting...

karen · « **Reply #55 on:** November 10, 2011, 01:22:16 PM »

Just did a quick search about Venmo. It looks like that you have to have invitation code to join in.

bubbles · « **Reply #56 on:** November 10, 2011, 01:57:03 PM »

Quote from: karen on November 10, 2011, 01:22:16 PM

Just did a quick search about Venmo. It looks like that you have to have invitation code to join in.

Anyone have an invitation to send me?

PlatinumGuy · « **Reply #57 on:** November 10, 2011, 01:58:37 PM »

Quote from: bubbles on November 10, 2011, 01:57:03 PM

Anyone have an invitation to send me?

+10

karen · « **Reply #58 on:** November 10, 2011, 02:06:21 PM »

Quote from: PlatinumGuy on November 10, 2011, 01:58:37 PM

+10

According to Flyertalk, if you have iphone, you don't need invitation code. However I have not tried it in my iphone yet.

karen · « **Reply #59 on:** November 10, 2011, 02:09:12 PM »

I do have a question about this Venmo. Does it require both you and friend download Venmo on the phone. How about one download it on the phone and another just use computer? Anyone knows?

Just got 7 credit cards in one month, I am kind of have problem to meet the spending limit