Author Topic: Stockpile.com Removes Credit Card fees. (Read 4956 times)

MGrossman · « **on:** July 08, 2021, 10:33:25 AM »

https://www.doctorofcredit.com/stockpile-removes-all-trading-fees-including-credit-card-fees/

Does anyone know any details on how stockpile.com works and what cards to use as some may code as a CA? And would this be considered a credit card spending opportunity?

ah giten · « **Reply #1 on:** July 08, 2021, 11:18:38 AM »

Quote from: MGrossman on July 08, 2021, 10:33:25 AM

https://www.doctorofcredit.com/stockpile-removes-all-trading-fees-including-credit-card-fees/

Does anyone know any details on how stockpile.com works and what cards to use as some may code as a CA? And would this be considered a credit card spending opportunity?

From the comments it seems that there are ways to MS through stockpile but everyone that knows how is

Realshlomo · « **Reply #2 on:** July 08, 2021, 12:26:38 PM »

https://www.doctorofcredit.com/stockpile-waiving-fees-for-all-giftcard-purchases-11-26-11-29/

Read this article. Seems pretty clear to me, though I have not tried.

Dan · « **Reply #3 on:** July 08, 2021, 12:31:48 PM »

Quote from: ah giten on July 08, 2021, 11:18:38 AM

From the comments it seems that there are ways to MS through stockpile but everyone that knows how is

Buy the least volatile index and cash out?

Realshlomo · « **Reply #4 on:** July 08, 2021, 12:33:43 PM »

Quote from: Dan on July 08, 2021, 12:31:48 PM

Buy the least volatile index and cash out?

When you do sell it looks like it goes by closing price.

Dan · « **Reply #5 on:** July 08, 2021, 12:38:50 PM »

Quote from: Realshlomo on July 08, 2021, 12:33:43 PM

When you do sell it looks like it goes by closing price.

Hence buy the least volatile.

Yehuda57 · « **Reply #6 on:** July 08, 2021, 12:39:51 PM »

Quote from: Dan on July 08, 2021, 12:31:48 PM

Buy the least volatile index and cash out?

Also, if you buy a stock like KO it codes as grocery for cards with 5x on that category

ah giten · « **Reply #7 on:** July 08, 2021, 01:27:54 PM »

Quote from: Dan on July 08, 2021, 12:31:48 PM

Buy the least volatile index and cash out?

I meant how to get the transaction to go through.
Seems the method is to buy GC, and then buy stock with the GC.
But true, since they don't purchase at current price, and it's for short term just MSing, one shouldn't but volatile stocks.

Still need DP's what cards code as Cash advance.

Realshlomo · « **Reply #8 on:** July 08, 2021, 01:29:04 PM »

Quote from: ah giten on July 08, 2021, 01:27:54 PM

I meant how to get the transaction to go through.
Seems the method is to buy GC, and then buy stock with the GC.
But true, since they don't purchase at current price, and it's for short term just MSing, one shouldn't but volatile stocks.

Still need DP's what cards code as Cash advance.

Chase didnt code as CA
Amex wasnt accepted

bigdipper8545 · « **Reply #9 on:** July 08, 2021, 03:24:40 PM »

Would using amex bill.com to create a virtual account number work?

Aerial Dag · « **Reply #10 on:** July 09, 2021, 09:35:36 AM »

GC limit is only $2k
Bought BIL which is super stable

ari3 · « **Reply #11 on:** July 11, 2021, 09:19:10 PM »

Quote from: Dan on July 08, 2021, 12:38:50 PM

Hence buy the least volatile.

You can also buy a stock and short the same stock in a different brokerage account

LNS · « **Reply #12 on:** July 11, 2021, 10:04:00 PM »

Quote from: Realshlomo on July 08, 2021, 01:29:04 PM

Chase didnt code as CA
Amex wasnt accepted

+1 chase worked for me as well

MGrossman · « **Reply #13 on:** July 12, 2021, 06:29:29 AM »

Any DP on Citi?

LNS · « **Reply #14 on:** July 12, 2021, 09:02:37 AM »

the annoying part is that it takes about a full week to cash out

Iz · « **Reply #15 on:** July 12, 2021, 10:07:22 AM »

Any good article/review on this?

Aerial Dag · « **Reply #16 on:** July 12, 2021, 12:08:00 PM »

Quote from: MGrossman on July 12, 2021, 06:29:29 AM

Any DP on Citi?

Regular purchase. Category was Services - Security Brokers/dealers

Aerial Dag · « **Reply #17 on:** July 12, 2021, 12:09:32 PM »

Quote from: LNS on July 12, 2021, 09:02:37 AM

the annoying part is that it takes about a full week to cash out

A week is nothing compared to liquidating GC or getting $ from BG.
I wonder how long this will last...

Euclid · « **Reply #18 on:** July 12, 2021, 12:22:37 PM »

Quote from: ari3 on July 11, 2021, 09:19:10 PM

You can also buy a stock and short the same stock in a different brokerage account

Wouldn't you still need to pay capital gains tax?

LNS · « **Reply #19 on:** July 12, 2021, 12:29:49 PM »

Quote from: Aerial Dag on July 12, 2021, 12:09:32 PM

A week is nothing compared to liquidating GC or getting $ from BG.
I wonder how long this will last...

never had an issue with BG max wait was a week but that was long ago

GC is a different story and IMO is a big pain i try not to go down that road

so yes a week isn't bad but considering that the trade isn't in real time and there is a 2k limit....meh