Author Topic: Chase ink plus 5k threshold easy MS (Read 22335 times)

LMCU (Lake Michigan Credit Union) has a 3% promotional APY for their Max Checking account. I just got an ink plus, and am considering using this, being as they allow up to $10,000 initial credit card funding. I am sure many have looked up this alley, or similar to it, but don't see anything. Am I missing something important? In a slightly related tangent, how do people generally fulfill direct deposit requirements? Does Serve or Paypal qualify? Anyone know the rundown on ACH (Automated Clearing House) payments through Chase? (I'm pretty new to this, but the one impression I got is that manufactured spending tends not to be easy. That's why I'm nervous.)

Worked perfectly. Bonus points just posted. Now time to cancel, as soon as points are parked in freedom account.

shoobi · « **Reply #87 on:** June 18, 2015, 10:52:13 PM »

Quote from: David Smith on June 18, 2015, 10:45:05 PM

Worked perfectly. Bonus points just posted. Now time to cancel, as soon as points are parked in freedom account.

Wow thanks for reporting back! question- do you have to use one credit card for the initial fund or can you fund it from several? and also how do you actually fund through credit card- i heard you have to fax in a form? is that true? (hope not, in 2015)

David Smith · « **Reply #88 on:** June 18, 2015, 10:57:04 PM »

Quote from: shoobi on June 18, 2015, 10:52:13 PM

Wow thanks for reporting back! question- do you have to use one credit card for the initial fund or can you fund it from several? and also how do you actually fund through credit card- i heard you have to fax in a form? is that true? (hope not, in 2015)

Did it all online, and they only had a space for one cc. You have to fax in form if you do over phone or in branch, I've heard. I only did 5k, but I think you can do up to 10k.

shoobi · « **Reply #89 on:** June 18, 2015, 11:02:39 PM »

Thanks

Emkay · « **Reply #90 on:** June 19, 2015, 02:42:25 AM »

Quote from: David Smith on June 18, 2015, 10:57:04 PM

Did it all online, and they only had a space for one cc. You have to fax in form if you do over phone or in branch, I've heard. I only did 5k, but I think you can do up to 10k.

Did the hard pull just for 5k in free spending?

David Smith · « **Reply #91 on:** June 19, 2015, 02:47:39 AM »

Quote from: Emkay on June 19, 2015, 02:42:25 AM

Did the hard pull just for 5k in free spending?

We went through this already. That plus 3% interest. I wish I could've done the 150k amex, but the bloggers murdered that. I don't think hard pulls cost you much over time, and I'm not doing any cards in the summer. 5k from my couch war pretty tempting.

Emkay · « **Reply #92 on:** June 19, 2015, 02:59:03 AM »

Quote from: David Smith on June 19, 2015, 02:47:39 AM

We went through this already. That plus 3% interest. I wish I could've done the 150k amex, but the bloggers murdered that. I don't think hard pulls cost you much over time, and I'm not doing any cards in the summer. 5k from my couch war pretty tempting.

I guess for someone who does all his MS from his couch it's not as appealing...

David Smith · « **Reply #93 on:** June 19, 2015, 03:04:37 AM »

Quote from: Emkay on June 19, 2015, 02:59:03 AM

I guess for someone who does all his MS from his couch it's not as appealing...

I would love to do everything from the couch.

Unfortunately, life doesn't always work like that. They say MS does home delivery. Anything to keep me and the couch bonded, instead of running to family dollar for $500 ms.

ChaimMoskowitz · « **Reply #94 on:** June 19, 2015, 03:24:34 AM »

Quote from: David Smith on June 19, 2015, 02:47:39 AM

We went through this already. That plus 3% interest. I wish I could've done the 150k amex, but the bloggers murdered that. I don't think hard pulls cost you much over time, and I'm not doing any cards in the summer. 5k from my couch war pretty tempting.

Yup bloggers murdered the 150k and what are you trying to murder?

David Smith · « **Reply #95 on:** June 19, 2015, 03:32:57 AM »

Quote from: ChaimMoskowitz on June 19, 2015, 03:24:34 AM

Yup bloggers murdered the 150k and what are you trying to murder?

I see your MS policy is , "Don't ask, don't tell".

Emkay · « **Reply #96 on:** June 19, 2015, 03:35:06 AM »

Quote from: ChaimMoskowitz on June 19, 2015, 03:24:34 AM

what are you trying to murder?

i must be totally missing something, even with CC loading and 3% interest i do not see how this is so lucrative

lunatic · « **Reply #97 on:** June 19, 2015, 08:02:58 AM »

Quote from: ChaimMoskowitz on June 19, 2015, 03:24:34 AM

Yup bloggers murdered the 150k and what are you trying to murder?

Better hope MMS doesn't see this

yakrot · « **Reply #98 on:** June 19, 2015, 08:05:36 AM »

Quote from: Emkay on June 19, 2015, 03:35:06 AM

i must be totally missing something, even with CC loading and 3% interest i do not see how this is so lucrative

We've been through this b4 on this thread. It's convenient, and he doesn't value hard pulls.

3yummyboys · « **Reply #99 on:** June 19, 2015, 09:54:10 AM »

Quote from: Emkay on June 19, 2015, 03:35:06 AM

i must be totally missing something, even with CC loading and 3% interest i do not see how this is so lucrative

also helps if you need to hit a spend threshold