@juggalo9er wrote:
@JSS3 wrote:Is simply buying gift cards on your credit card considered ms OR is doing so WHEN trying to meet a bonus spend after first receiving a card the MS?
both!
Not Really "Both" ..... MS is when your trying to spend to make a bonus like Spend $3,000 in 3 months and get 40,000 UR points with the Chase Sapphire PReferred card
@Anonymous wrote:
@nmac wrote:
@JSS3 wrote:Is simply buying gift cards on your credit card considered ms OR is doing so WHEN trying to meet a bonus spend after first receiving a card the MS?
I would argue that there are many instances where buying a gift card with a credit card is not manufactured spending and that there are a variety of was to manufacture spending to meet a minimum spending requirement that don't involve purchasing gift cards. I don't feel that you can use either of those criteria to pin down the definition of manufactured spending.
I personally only consider purchases that are eventually turned back into cash or cash equivalences and used to pay the card bill to be manufactured spending. For example I would say that using serve to make a car, rent or mortgage payment wouldn't be manufactured spending. Where as using serve to pay off the credit card used to load the serve account would be manufactured spending. I don't consider buying a amazon gift card at a grocery store and using it to buy stuff to be manufactured spending. While buying a gift card and selling it for cash would be manufactured spending.
To me manufactured spending has nothing to do with whether or not your trying to meet a minimum spend requirement, it has to do with the nature of the actually spending. I only consider purchases that are circular in nature meaning that the value of the purchase is eventually used to pay off the card as manufactured spending. That being said the term is not concrete in nature like APR or grace period. Rather it is in the same group of terms that are up for debate like "thick file" or "prime card." Other forum members (or for that mater banks) may have more or less restrictive definition of manufactured spending then me.
I agrree that the term is loosely defined. For those that do MS, a key criterion is the circularity, so that it is (in theory) repeatable indefinitely.
Of course though, it is the issuer's view that matters, and that is where "intention" is ignored. If you buy a gift card, it could be a real gift, a way of meeting minimum spend, or the start of an MS cycle. It's easier for the issuer, especially if it happens a few times, to assume that it is MS, and any argument about whether it is "real" MS doesn't matter!
Yes
Buying Gift cards isn't MS unless you are doing it to meet a spending requirement or to make points which is usually a bigger amount or a monthly amount around the same time
I usually buy $0.50 Amazon Gift cards on my SD cards to keep them active and cards around $100 to give to friends and family for their birthday or etc
@JSS3 wrote:
@Closingracer99 wrote:
@juggalo9er wrote:
@JSS3 wrote:Is simply buying gift cards on your credit card considered ms OR is doing so WHEN trying to meet a bonus spend after first receiving a card the MS?
both!
Not Really "Both" ..... MS is when your trying to spend to make a bonus like Spend $3,000 in 3 months and get 40,000 UR points with the Chase Sapphire PReferred card
I thought so initially, but it seems to come down to interpretation and craftiness.
I buy gift cards to give to friends and no way does that money reach my account to pay off buying said Gift cards. I send them to Friends or ETC for birthday or etc and why spend it in Cash when i can get points and float the money for a bit