11/18/2023 0 Comments Kroger money order![]() ![]() In those cases, Citi was absorbing the credit card transaction fees. For example, Citibank used to allow funding new bank accounts up to $100,000 by credit card, for free. Imagine buying thousands of dollars in gift cards only to find that you have no way to liquidate them.Īnother reason that manufactured spending options die is that the businesses involved realize that they’re losing money. You just never know when one door will close, as was the case when many Walmart stores and some grocery chains began severely limiting the use of prepaid gift cards for money order purchases. Those participating in risky techniques need to understand this and be prepared to utilize multiple methods. ![]() In many cases, the manufactured spending landscape can change very quickly. Do all manufactured spending techniques work all the time? We at Frequent Miler provide information about these techniques for completeness, but we do not explicitly condone or endorse them. Shut downs like these can often extend to all of your accounts with that institution (which can include checking/savings, credit cards, retirement accounts, etc) and sometimes even to others in your immediate orbit like authorized users on your accounts. The same is true of large money order deposits: some banks will close your accounts for what they deem to be risky activity (i.e. Some will even shut down your accounts if a human sees that this is happening. Specifically, the process of using credit cards to purchase and then liquidate gift cards is something some banks don’t like to see. Some of the techniques listed below are not condoned by banks. Read more here.ĭo credit card companies frown on manufactured spending? Sidebar: While MS is legal, structuring is illegal. One way of looking at it is that criminals indirectly steal our points by killing easy manufactured spending options. This has lead to some businesses trying to stop allowing those techniques to work. Manufactured spending techniques are legal, but the same techniques can be used by criminals to launder money or to convert stolen credit card numbers into cash.
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