prokopon said: Has anyone had luck with this tactic on store cards (Target RedCard, Cabela's VISA, GAPcard, etc.)? I'm willing to experiment, but won't bother if it's already been shown to be a dead end. Try it out and let us know.
I don't have a billpay that can do anything for less than $1.. It doesn't matter much though. After paying off minimum payment, you still need to charge atleast $.99 in new charges to maintain the statement balance at $.99. All of the billpay providers I'm familiar with can pay $1.00, so just make $x.xx in new charges and pay off $x.xx to maintain the $.99 balance.
I noticed something last night when I made an Amazon.com purchase.
I funded my Amazon account with gift card purchases. I redeemed my gift cards (applied them to my account) and then I made an item purchase (not gift cards). My Amazon credits balance was not quite enough to purchase the item outright. When I was checking out, instead of charging the final .38 cents to my credit card, it skipped that screen and went straight to the order complete screen.
It looks like there's a way to do this repetitively: 1) Determine cost of your Amazon purchase after checkout. 2) Purchase gift card for an amount that is reduced by X where X is at least 38 cents (possibly up to 2.00??) less than step 1. 3) apply gift cards to your account. 4) purchase items from step 1. 5) save X.
edit: ok, so somewhere between .38 and 1.16. Ty bluechalk!
highmktgoods said: I noticed something last night when I made an Amazon.com purchase. Here's another datapoint. I recently had an Amazon purchase where the gift card balance was $1.17 less than the purchase price. Amazon charged my credit card for 1.17. So, it doesn't work for balances this high.
A different US Bank Cash+ billed at $0.98. And since I assumed that it is canceled, I forgot to check and pay it. So now I owe $1 late fee on top of that. They earned it Now I just have to remember that I have no grace period this month.
bluechalk said: highmktgoods said: I noticed something last night when I made an Amazon.com purchase. Here's another datapoint. I recently had an Amazon purchase where the gift card balance was $1.17 less than the purchase price. Amazon charged my credit card for 1.17. So, it doesn't work for balances this high. They charged me at 99¢
naas said: bluechalk said: highmktgoods said: I noticed something last night when I made an Amazon.com purchase. Here's another datapoint. I recently had an Amazon purchase where the gift card balance was $1.17 less than the purchase price. Amazon charged my credit card for 1.17. So, it doesn't work for balances this high. They charged me at 99¢Sounds like they may be smart enough to not charge the card when their processing costs will be more than the amount. Although they still sell small gift cards...
BingBlangBlaow said: My Fidelity Visa did not cancel $.99 for the 2nd month in a row. Now I have to get this down to $0 and they won't allow a $.99 payment on their site. Buy $0.15 Amazon gift card, make $1.14 payment. Most online bill payment systems allow you to make $1+ payments.
I can confirm, at least for this month, my US Bank Cash+ canceled $0.99. This amount was a leftover from a small purchase I partially paid off before the statement hit.
EugeneV said: A different US Bank Cash+ billed at $0.98. And since I assumed that it is canceled, I forgot to check and pay it. So now I owe $1 late fee on top of that. They earned it Now I just have to remember that I have no grace period this month.
I accidentally charged a small purchase via google play to an old Discover card a couple weeks ago. $1.98 canceled.
This will be an excellent fit for my comixology acquisitions - lots of stuff at .99 each. Some of it always, some via weekly sales. Mine were actually two separate purchases, I think google groups them and even changed the 2nd from a different payment card selection.
So I made a stupid post some time ago about my experiment of buying 80-90 cent Amazon GCs on each of my dozen credit cards, including some long-dormant ones. Amazon blocked my account for half a day to investigate the abnormal activity. (small charges can be suspect, as CC thieves may "test" a card before making large charges. So it's kinda understandable.) Surprisingly though, none of the CC companies called to inquire about the charge...not even on cards that haven't been used in 2-3 years!
Edit: Here's the results, July 2013. As expected, Barclays, CapitalOne, Chase, USBank, USAA canceled; Citi did not. That's more or less consistent with the results in the wikipost for this thread. But here goes:
Yay: (did cancel bill) Chase Amazon.com Visa- $0.00 balance CapitalOne Sony Card - $0.00 balance USBank ADA Visa (former Citi) - $0.00 balance USBank Linux Visa - $0.00 balance Barclays NFL MC - $0.00 balance USAA Platinum MC - $0.00 balance
Nay: (did not cancel bill) Citi ThankYou Preferred MC - $0.89 balance Citi Forward Visa - $0.85 balance
I might try it again on some cards and post further results whenever that happens.
EugeneV said: BofA Better Balance Rewards canceled $1 on the due day! I scheduled payment for it before 6 PM EST on the same day.That's pretty sneaky, billing for the $1 but still zeroing it out if you dont pay - virtually impossible to test without risking a late payment...
Glitch99 said: Moosy said: Crate and Barrel credit card canceled a $1.50 bill I had. Issued by Comenity Bank? Never heard of it - is that another bank focused on store-branded cards rather than Visas/MCs?
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