MillionMileSecrets shares his experiences with the new feature of some Visa gift cards to be used as Debit Cards.
You may wonder why this is relevant at all? Well many of us buy these gift cards the increase the spend on our credit cards either to hit the minimum spend requirement or to earn miles.
Besides the activation fee the biggest problem is to get money out as most cards could only be used as credit cards. Using them as debit card allows you to buy cash equivalents like money orders. Be careful though as spending more than $2,000 on money orders will trigger a Suspicious Activity Report which can trigger an investigation on money laundering charges possibly.
So this is great news as it allows you to show huge spending to your credit card company without spending more than the activation fee.
About the author: Torsten is a serial entrepreneur who started almost a dozen ventures on four continents.
Torsten's love for travel has brought him to 130+ countries and travel with most of the world's airlines.
You can reach Torsten at [email protected]
This post has been tagged with: BUSINESS CLASS | Card | credit | Credit Card | credit cards | debit card | debit cards | Earn | earn miles | gift | gift cards | Great news | Holidays Inn | hotel booking | miles | Photo Review | spend | Traveling | Visa
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