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Open Zecco Forex Get $200 in: Subjects › Investing

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anyone use a citicard to fund? I'm gonna use the citidividends card.


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Can we use 3 or 4 credit cards do the funding? I don't have a card more than $10,000 credit line.


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Yes, you can.

canhelp said:Can we use 3 or 4 credit cards do the funding? I don't have a card more than $10,000 credit line.


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How?


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ummm i don't think so.

multiple cards raise fraud concerns....

just don't do it.


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I used 4 cards per account with no issue (as of yet)

Message edited by: mmy613 on 2009-07-10 09:24:51 CDT
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i used the same citicard to fund 4x$5000. Balance is still zero


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It seems at midnight the volatility is lowest. So if you just want to make one trade. it is better to do it at midnight.


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nicetimes, why $20k?


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joec1960 said:nicetimes, why $20k?
i am to greedy. I want to get the 1% credit card CashBack as well (since they are counted as purchases).


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You need a call or there is option in the account to use credit card as funding?


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nicetimes said:joec1960 said:nicetimes, why $20k?
i am to greedy. I want to get the 1% credit card CashBack as well (since they are counted as purchases).

That sounds like a big risk. What if it gets marked as a cash advance? You'll be out 3% * $20k = $600, or $400 after the bonus. With $10k, you'll only be out $100 in the worst-case scenario.


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What card was hit with the cash advance?

Could we get some people who saw it as a purchase to chime in with what CC they used?
Either in here, or the wiki would be great.


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I am not trying, dont want to risk the cash advance fees! Nice catch though guys!


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That's scary. My cash advance limit is well below $5000. So my three $5000 charges won't count as cash advance.


kenfeyl said:nicetimes said:joec1960 said:nicetimes, why $20k?
i am to greedy. I want to get the 1% credit card CashBack as well (since they are counted as purchases).


That sounds like a big risk. What if it gets marked as a cash advance? You'll be out 3% * $20k = $600, or $400 after the bonus. With $10k, you'll only be out $100 in the worst-case scenario.


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People please: those of you in a panic over a possible cash advance, just call your card issuer and LOWER your cash advance limit BELOW what you're going to try to fund at. Worst case is the transaction doesn't go through if they try to run it as a cash advance then. CC companies don't let you blow through a cash advance limit like they might on your overall credit line.

You all are so worked up over this, when the bigger cloud is whether anyone who didn't get the e-mail will actually get the bonus considering the T&Cs indicate the intent was as a targeted offer.


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teammjs said:People please: those of you in a panic over a possible cash advance, just call your card issuer and LOWER your cash advance limit BELOW what you're going to try to fund at. Worst case is the transaction doesn't go through if they try to run it as a cash advance then. CC companies don't let you blow through a cash advance limit like they might on your overall credit line.

You all are so worked up over this, when the bigger cloud is whether anyone who didn't get the e-mail will actually get the bonus considering the T&Cs indicate the intent was as a targeted offer.

My cash advance limit is only $1000 (while credit limit is $30000). If the transaction went through, it can not be counted as cash advance. But, who knows. Fortunately (or unfortunately), my zecco balance is still zero..


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Zecco said they are not even capable of classifying this as a cash advance.

Schwab said that though my charge is just a temp. authorization at this time, that it would surely be a purchase since it was a deposit of cash into an account and not an advance of cash directly to me.

Message edited by: mrlandlord on 2009-07-10 10:49:07 CDT
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There is a option to fund your account using ACH (after your account is approved and you get your user id).

Also I got a call from someone named Tony, he told me that as I am opening my acount with $10000, I am eligible for a free one-on-one session explaining basics of Forex Trading by someone like him. So if you are interested, you can ask for it too (call customer Support)

Message edited by: krk77 on 2009-07-10 11:07:44 CDT
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nicetimes said:joec1960 said:nicetimes, why $20k?
i am to greedy. I want to get the 1% credit card CashBack as well (since they are counted as purchases).

Report back your success/failure. I tried this at fxcm and on withdrawl they charged back the credit card.


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