 | | Re: X.com... good idea, good execution? —Troy Cefaratti
|
| | | (...) then (...) Unfortunately, the credit card companies will put an end to this as soon as they catch on. :/ There was a big story on the news a couple years back about something similar to this. A couple raked in MILLIONS of frequent flier miles (...) (25 years ago, 11-Feb-00, to lugnet.market.theory)
|
| | | |
| | | | | Re: X.com... good idea, good execution? —Will Middelaer
|
| | | | (...) I remember this too. You are right that it was AAA. The couple used AAA because AAA was the only place where you could buy traveler's checks without any transaction fee. The thing that makes the X.COM system unlikely to change is the $1000 per (...) (25 years ago, 11-Feb-00, to lugnet.market.theory)
|
| | | | |
| | | | | | Re: X.com... good idea, good execution? —Troy Cefaratti
|
| | | | (...) Ahhh....having not signed up for X yet, I did not know about this provision. Still, it was mentioned that they were thinking about changing it so that they would show up as cash advances. I know on my cards atleast, cash advances did not ocunt (...) (25 years ago, 11-Feb-00, to lugnet.market.theory)
|
| | | | |
| | | | | | Re: X.com... good idea, good execution? —Frank Filz
|
| | | | (...) Also, on most cards I've seen, there is a cash advance fee, and cash advances don't have an interest free grace period. This is my concern with x.com, and why I asked about this. If deposits are charged as a cash advance, it will cost you (...) (25 years ago, 11-Feb-00, to lugnet.market.theory)
|
| | | | |
| | | | | | Re: X.com... good idea, good execution? —Mike Stanley
|
| | | | (...) I don't really see what difference it makes if the deposits are treated as cash advances or purchases, unless you're only talking about using actual credit cards for that. I've used my visa check card twice now to make deposits to my X.com (...) (25 years ago, 11-Feb-00, to lugnet.market.theory)
|
| | | | |
| | | | | | Re: X.com... good idea, good execution? —Will Middelaer
|
| | | | (...) The difference is that with most credit cards, when you get a cash advance (I have never done this, but the little lawyer in me actually reads those contracts that they send out with new cards.) the following happens with most cards: 1) The (...) (25 years ago, 11-Feb-00, to lugnet.market.theory)
|
| | | | |
| | | | | | Re: X.com... good idea, good execution? —Ray Sanders
|
| | | | Oddly, I have witnessed a little side action on this 'cash advance' thing. At the local grocer (small town place), people can pay with credit, debit or whatever electronic else they take. When someone pays with a 'debit' card, the clerk usually asks (...) (25 years ago, 16-Feb-00, to lugnet.market.theory)
|
| | | | |
