Can I buy something worth $3k, claim bonus points, return the item and then close my credit card?

[brad1549]

Hi all,

As the title asks...

Would it be possible to buy an expensive item worth $3k (with a substantial returns policy), thus claiming the Bonus Qantas Points, then receive those points, then return the $3k item and then cancel my credit card?

Likewise, a similar question... If I bought the item, claimed the points, THEN closed the credit card and tried to return the item, how would I claim the return because I assume the item needs to be credited back to the same card?

Thanks!

 

[get me outta here]

Usually, the bonus is not paid for 3 months or so. The best idea is to just pre pay a few things that you’d be paying anway. Such as health ins, rates, tax, electricity, etc.

You can sometimes get away with returning a cheap item and getting a credit on a different cc card, but not sure about a 3K item. What sort of thing are you thinking to buy btw?

 

[RooFlyer]

Would it be possible to buy an expensive item worth $3k (with a substantial returns policy), thus claiming the Bonus Qantas Points, then receive those points, then return the $3k item and then cancel my credit card?

I dare say this would be against the T&Cs of the credit card (along the lines of, well, I'm not going to say the F word) and even if you got a refund to a different credit card, the original card mob would likely pursue you into your credit rating score.

I'd respectfully suggest to forget the idea.

 

[Longtoo]

when you purchase using credit card, the refund must go back to the same card or its replacement. To answer the OP: there is a good chance that the refund is going nowhere once the card has been cancelled.

 

[BAM1748]

Make sure you e closed the credit card so the refund has to go elsewhere.

 

[get me outta here]

They will tell you that, but often don’t check which card you are using. But, with an amount of $3000, it may be different, but if the card is closed .... Plus, the OP has to hold the item for 3 months waiting for the bonus, before returning it.

when you purchase using credit card, the refund must go back to the same card or its replacement. To answer the OP: there is a good chance that the refund is going nowhere once the card has been cancelled.

 

[Deleted member]

I’m probably a bit old fashioned, but to me this is just plain old theft.
I’m sure you would have a different perspective if it was you on the receiving end.
I’m surprised anyone here would condone this act, let alone advise on how best to go about it, I don’t care if it is a Bank you’re trying to deceive here either.
But like I said, it’s probably just me.

 

[serfty]

Hi all,

As the title asks...

Thanks!

[Modrator hat]

Such activity could be deemed fraudelent and since AFF does not condone such, this thread is closed.​

[/Moderator hat]