Just wondering if anyone has discovered any ingenious ways of accruing reward points using a rinse & repeat strategy?
ie. Qantas Credit Card > Share Trading Account > Bank Account > Pay off credit card > Rinse & Repeat
Credit Card Reward Point Strategy?
[Deactivated] on 27/11/2017 - 14:57
Comments
IG allow credit card payments
ohhhhhh DAMN IT
Do they still allow?
Any surcharge?Yep, 0.5% fee
Did you email or call you? I did this strategy on another site and theu emailed to warm me that I cannot use their account like a bank account, you cannot fund the money and withdraw the money to your bank account or they will have my account closed.
Surely that would charge as a cash advance against your credit card right? Typically charges like these are considered cash equivalents and treated as cash advances (and don't accrue points). Happy to be proved otherwise/
purchase goods online.
return goods in store - for cash..
something something.
profit.
They would normally refund to the method of payment used originally.
PayPal.. instore returns.
What shops let you do that?
@omgitzrick: I wonder whether if you bought during a site-wide sale if they would refund the amount paid or the list price?
@Quantumcat: Via eBay? They refund the full amount. I bought a Christmas gift during a 20% off sale and returned it to get something else and since the actual Target invoice showed the full amount they refunded it all.
I think theyve stopped participating in the ebay sales due to this, last time i saw some guy brought 20 vacuum cleaners
If someone had a scheme I'm sure they wouldn't be posting it on here for fear of it getting ozbargained.
Well if they're out there they can feel free to pm it to me instead 😛
Citibank Platinum:
Was looking to pay my Sydney Water bill via Post Bill Pay, in order for the payment to qualify as part of the rewards program – however Sydney Water have no code on the post billpay site.
If I paid via Sydney Waters website using PayPal, would this be flagged by citibank as one of the payment types that does not qualify towards the $3k spend for bonus points?I pay my water bill using PayPal linked to my Amex to earn points, I would think any spend on your Citibank card would qualify as actual spend.
since when can you use a CC for shares? i've only ever used my own money