Just got the word via The Points Guy that the $1,000 fee free transfer by credit card from one person to another is ending as of October 13, 2014. Bad news for those using this for manufactured spending. This gave and easy $12,000 of credit card spending each year utilizing the maximum $1,000 per 30 days.
Amazon Payments allowed users to transfer up to $1,000 per month with a credit card to another Amazon Payments user. This worked by transferring funds to a friend or partner, even creating a loop with several individuals to return funds back to your account.
I wrote about using Amazon Payments to meet minimum spending requirements in a previous post: How to Meet Minimum Spending Requirements for Credit Cards - Amazon Payments.
This has been a great way to meet minimum spending requirements and I am sorry to see it go. I will make sure to do my last $1,000 before the deadline. Make sure you do too!
Amazon Payments allowed users to transfer up to $1,000 per month with a credit card to another Amazon Payments user. This worked by transferring funds to a friend or partner, even creating a loop with several individuals to return funds back to your account.
I wrote about using Amazon Payments to meet minimum spending requirements in a previous post: How to Meet Minimum Spending Requirements for Credit Cards - Amazon Payments.
This has been a great way to meet minimum spending requirements and I am sorry to see it go. I will make sure to do my last $1,000 before the deadline. Make sure you do too!
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