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Thread: how to spend $10in a credit card w/o purchases?

  1. #1

    Question how to spend $10in a credit card w/o purchases?

    Let's say you accidentally deposited 10k into your credit card and you never spent more than $500 a month on CC, how do you spend it without wiping the card, and nor drawing cash and pay 5% service charges?

    Can pay mobilephone/internet/SCV/PUB bills?

    How to undo the mistake with minimal bank charges?
    Last edited by dRebelXT; 31st May 2010 at 02:42 PM.

  2. #2
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    Default Re: how to spend $10in a credit card w/o purchases?

    no swiping of card? easy... look at eBay, Amazon, etc.

    can also sign up to pay for your insurance premium and charity donations.
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    Senior Member zac08's Avatar
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    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by dRebelXT View Post
    Let's say your parents accidentally deposited 10k into your credit card and you never spent more than $500 a month on CC, how do you spend it without wiping the card, and nor drawing cash and pay 5% service charges?

    Can pay mobilephone/internet/SCV/PUB bills?
    Dun use card physically?

    Then use online... gamble, etc.. very fast sure all gone.
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  4. #4

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by mohgui View Post
    no swiping of card? easy... look at eBay, Amazon, etc.

    can also sign up to pay for your insurance premium and charity donations.
    em.. i shall try insurance stuff..

    Quote Originally Posted by zac08 View Post
    Dun use card physically?

    Then use online... gamble, etc.. very fast sure all gone.
    can use the card. by wiping less than $500/mth, u know gamble/use online is ruled out.

    My goal is to undo the mistake with minimum overhead charges.
    Last edited by dRebelXT; 31st May 2010 at 02:30 PM.

  5. #5

    Default Re: how to spend $10in a credit card w/o purchases?

    How do you "accidentally" overpay your credit card bill by 10K anyway?

  6. #6

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by nkhoo View Post
    How do you "accidentally" overpay your credit card bill by 10K anyway?
    my mistake.. i tot when the CC has + balance, I can withdraw in SG with no charges.
    later I found out it was 5%. I am not rich and this 5% means a lot.

  7. #7

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by dRebelXT View Post
    my mistake.. i tot when the CC has + balance, I can withdraw in SG with no charges.
    later I found out it was 5%. I am not rich and this 5% means a lot.
    The bank must be very happy with you... 10k probable revenue to the bank, with a 5% confirm "non refundable deposit" should you decide to withdraw the 10k.

  8. #8

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by nkhoo View Post
    The bank must be very happy with you... 10k probable revenue to the bank, with a 5% confirm "non refundable deposit" should you decide to withdraw the 10k.
    yeah.. a fool and his $ will soon be parted..

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    Moderator ortega's Avatar
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    Default Re: how to spend $10in a credit card w/o purchases?

    always read the fine print

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    Senior Member geraldkhoo's Avatar
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    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by dRebelXT View Post
    Let's say you accidentally deposited 10k into your credit card and you never spent more than $500 a month on CC, how do you spend it without wiping the card, and nor drawing cash and pay 5% service charges?

    Can pay mobilephone/internet/SCV/PUB bills?

    How to undo the mistake with minimal bank charges?
    You can put bills on yoru credit card if the company allows it... at least I know Starhub and Pacnet does. I believe there are other that do too.

    Next is to pay everything by credit card where possible... petrol, shopping, airfare, hotel, etc.

    You can also see if anyone is willing to give you cash for you paying on their behalf, e.g if I'm buying an air ticket, that you pay for me with yoru credit card and I pay you in cash.
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  11. #11

    Default Re: how to spend $10in a credit card w/o purchases?

    On 2nd thoughts, you should just pay that $500 and take out your 9.5k. Its just 500... you can eat grass for a month and you'll get back your $500. Take it as tuition fee. If not, would you rather let the bank use your 10K as you slowly take about 20 months to finish using it?

  12. #12

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by ortega View Post
    always read the fine print
    very lazy.. plus at that time i was in a panic..

  13. #13
    Moderator ortega's Avatar
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    Default Re: how to spend $10in a credit card w/o purchases?

    nobody gives you 10K for nothing

  14. #14

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by ortega View Post
    nobody gives you 10K for nothing
    I think the more accurate statement should be, banks don't provide free services. =)

  15. #15

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by dRebelXT View Post
    my mistake.. i tot when the CC has + balance, I can withdraw in SG with no charges.
    later I found out it was 5%. I am not rich and this 5% means a lot.
    let me guess. standard charter bank??
    Objection !!!

  16. #16

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by geraldkhoo View Post
    You can put bills on yoru credit card if the company allows it... at least I know Starhub and Pacnet does. I believe there are other that do too.

    Next is to pay everything by credit card where possible... petrol, shopping, airfare, hotel, etc.

    You can also see if anyone is willing to give you cash for you paying on their behalf, e.g if I'm buying an air ticket, that you pay for me with yoru credit card and I pay you in cash.
    thank you for the idea..

    Quote Originally Posted by nkhoo View Post
    On 2nd thoughts, you should just pay that $500 and take out your 9.5k. Its just 500... you can eat grass for a month and you'll get back your $500. Take it as tuition fee. If not, would you rather let the bank use your 10K as you slowly take about 20 months to finish using it?
    too expensive!

  17. #17

    Default Re: how to spend $10in a credit card w/o purchases?

    Quote Originally Posted by ninelives View Post
    let me guess. standard charter bank??
    not every bank the same?

  18. #18
    Moderator ortega's Avatar
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    Default Re: how to spend $10in a credit card w/o purchases?

    call the bank as say that it is a mistake
    say you don't need/want it

    make them take it back and reverse the charges

  19. #19

    Default Re: how to spend $10in a credit card w/o purchases?

    can just leave it there and spend slowly, the bank WILL pay you interest somewhere from 0 - ?%.

  20. #20
    Senior Member Virgo's Avatar
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    Default Re: how to spend $10in a credit card w/o purchases?

    Let me know your cc number. I'll help you to get rid of your 10K.
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