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Clever way to get cash from credit

September 30th, 2008 at 10:25 pm

I stopped to get milk on the way home and saw an interesting thing at the convenience store. I heard the kid explain that he lost his debit card and had been waiting a couple of weeks for the new one in the mail. His friend working the counter was letting him pay for cash-paying customers gas with his credit card. The friend would then hand him the cash. While I'm quite sure the store owner would not be happy with this arrangement, I thought it was a really clever way to pull cash from your credit card!

We certainly live in a world where we rely on electronic payment forms, but at the same time that leaves me with hardly ever needing cash! I can't imagine a time I'd be in his shoes and that hard up on CASH. DH has lost his debit card way too many times lately. We just shrugged it off and waited for the new one to arrive. Well, I guess it did help that *I* had mine if we really needed it. Cash can't be tracked in this household - DH doesn't know what he spends it on!

Posted in Uncategorized | 5 Comments »

5 Responses to “Clever way to get cash from credit”

  1. disneysteve Says:
    October 1st, 2008 at 12:24 am 1222820658
    1222820658

    I'm sure that violates some policy or law, but I agree that it is a great idea. Assuming the guy was using a reward credit card, he could rack up a ton of reward points that way and it would cost him absolutely nothing. I wonder if the credit card company wouldn't get suspicious, though, when they saw multiple charges for gas all on the same day.

  2. dmontngrey Says:
    October 1st, 2008 at 12:52 am 1222822322
    1222822322

    They might not get suspicious at all. We travel 1000 miles (in one night!) a few times a year and I've never had the credit card companies question anything. Although it would be obvious we were traveling. I would think they'd find it odd all the purchases were at one station. Well, that would be up to the kid and his CC issuer. Sure hope he wasn't trying anything fishy and really did just need cash for some reason.

  3. cptacek Says:
    October 1st, 2008 at 03:24 am 1222831447
    1222831447

    I've heard of people doing this with stolen credit cards...they get the cash and then throw the card away and don't get caught.

  4. Ima saver Says:
    October 1st, 2008 at 01:20 pm 1222867249
    1222867249

    I have never had a debit card in my life and don't want one. Cash works for me!

  5. disneysteve Says:
    October 1st, 2008 at 03:22 pm 1222874565
    1222874565

    I think it would somehow be considered fraud against the rewards program. I've certainly gotten "free" points by paying for other people's purchases from time to time, like when a group of us goes out to dinner, everyone gives me cash for their portion and I charge the whole bill on my card, or when we've traveled with family and I've charged their hotel room along with mine and they reimbursed me later. But those were just periodic events and just one at a time, not enough to arouse any suspicion.

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