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The lowest risks might come down to three options:
1: Do MS on a small scale.. ie.. a few hundred a month... great for meeting minimum requirements;
2: Buy Reloads at large ticket retailers..ie.. Office Depot, Sams Club, Walmart, Target, etc..;
3: Increase # of TLs to offset any account cancellation as a result of MS;
while i do understand script there is a flaw with any script such as this...in the area i live in i could do this at meijer, wal mart, cvs, check n go, kroger, and even throntons gas station. the fact of the matter is that no matter the means to catch something someone will always find a way around it.
@juggalo9er wrote:while i do understand script there is a flaw with any script such as this...in the area i live in i could do this at meijer, wal mart, cvs, check n go, kroger, and even throntons gas station. the fact of the matter is that no matter the means to catch something someone will always find a way around it.
Right, but the issuer doesn't have to catch everyone, just many of them. But mine was just a crude example, you can do many tests: look for those earning a lot of rewards relative to their stated income (this will miss those that spread out their activity over many cards, but then those are not a great threat to an individual issuer), look at those using multiple times their cl etc.
And finally, have a team looking at the blogs/forums to see the new tricks being proposed, and check for them!
Now some level of MS is just the cost of doing business, there are costs in shutting lots of people down, but you can almost certainly find those that are costing you a lot.
@+longtimelurker wrote:
@juggalo9er wrote:while i do understand script there is a flaw with any script such as this...in the area i live in i could do this at meijer, wal mart, cvs, check n go, kroger, and even throntons gas station. the fact of the matter is that no matter the means to catch something someone will always find a way around it.
Right, but the issuer doesn't have to catch everyone, just many of them. But mine was just a crude example, you can do many tests: look for those earning a lot of rewards relative to their stated income (this will miss those that spread out their activity over many cards, but then those are not a great threat to an individual issuer), look at those using multiple times their cl etc.
And finally, have a team looking at the blogs/forums to see the new tricks being proposed, and check for them!
Now some level of MS is just the cost of doing business, there are costs in shutting lots of people down, but you can almost certainly find those that are costing you a lot.
+1 ....i only churn around 50 a month but you are right i can imagine people getting ...with this
@juggalo9er wrote:
@+longtimelurker wrote:
@juggalo9er wrote:while i do understand script there is a flaw with any script such as this...in the area i live in i could do this at meijer, wal mart, cvs, check n go, kroger, and even throntons gas station. the fact of the matter is that no matter the means to catch something someone will always find a way around it.
Right, but the issuer doesn't have to catch everyone, just many of them. But mine was just a crude example, you can do many tests: look for those earning a lot of rewards relative to their stated income (this will miss those that spread out their activity over many cards, but then those are not a great threat to an individual issuer), look at those using multiple times their cl etc.
And finally, have a team looking at the blogs/forums to see the new tricks being proposed, and check for them!
Now some level of MS is just the cost of doing business, there are costs in shutting lots of people down, but you can almost certainly find those that are costing you a lot.
+1 ....i only churn around 50 a month but you are right i can imagine people getting ...with this
$50 per month, or $50k? I can't imagine $50 being worth your time. And $50k/mo seems like a lot.
nope only $50.00 still rebuilding my credit so do not want to push the envelope to far
@juggalo9er wrote:nope only $50.00 still rebuilding my credit so do not want to push the envelope to far
Is that really worth your time when you factor in gas and travel time, assuming you value your time at a somewhat reasonable amount of money?
i live less than 300 yards from a cvs and a wal mart!
@juggalo9er wrote:i live less than 300 yards from a cvs and a wal mart!
Even so, I'm assuming you're buying VRs, which have a $3.95 activation fee (I think, I've never actually bought one). And let's assume you earn 5% CashBack. Assuming you buy a $50 VR, your total would be $53.95. You'd earn (at 5%) approximately $2.70. You're paying $3.95 to earn $2.7.
card cost is 3.95 i purchase 900 @ 5% cash back net gain $41.05 i only do this when barclay has boosted points