I’m writing this knowing I’m going to scare some newbies who buy a few gift cards here and there. Let me be clear, this message is not for you guys at all. But for those who have been going super-over the top-insanely-hog wild crazy with manufactured spending…please be careful. It’s a small percentage of you, but you know who you are. You’re the ones who push the limits of spending and reap impressive rewards (tons of points). It’s a very simple warning so please just be careful. I’ve gotten a few reports, some from friends, of getting all accounts closed by credit card companies. If you’re a huge manufactured spending person with a Chase checking account, be extra careful.
Again, many of you will worry for absolutely no reason. This post IS NOT intended for you if you’re not clearing tens of thousands of dollars in manufactured spending (gift cards, reload cards, prepaid cards, etc) on a weekly basis. This has been a public service announcement. MileNerd out.
