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Blame me for lack of chutzpah, but I will not be heading to banks for $9,998.50 cash advances off My Vanilla Debit Cards.
I read about this method to earn miles on View from the Wing, which drew on a post from the realm of those who push the outer limits, Dan’s Deals. View from the Wing clearly discusses pros, cons, risks, commitment-level, so this is no criticism of his piece. It is a counterpoint to the often intoxicating excitement that follows originally sober argument, as many copycats will soon be touting this as the latest pot of gold.
I don’t see anything particularly immoral in this, it is between you and your card issuer, what I see is a ton of work, not insignificant fees, and a lot of time feeling uneasy walking into stores and banks. Maybe this is a mix of my Midwest sensibilities and my shyness, but living in the NYC metro area, where I need to produce ID at my local shopping mall to purchase a pair of socks with a credit card, I just don’t enjoy this and don’t need the miles that much. I don’t want to have to hire an armored car to shuttle me and my sacks of cash around the city.
The incremental miles to blow on a flight or hotel are not enough enjoyment for me to spend my days skulking the streets of NY, eyes darting as I slip into banks hoping they play ball on massive cash advances.
I have dabbled in Vanilla and Bluebird, it is a great method to pay my rent, a genuine expense. I don’t need to expand it beyond that modest time and cost commitment.
Others certainly get their kicks out of this and that’s great for them. For me, some ‘deals’ I am happy to pass up, no matter how electrifying.