Literally no-one: What’s the bane of every manufactured spender’s existence?
MEAB: Great question! It could be: Karen cashiers, broken money order terminals, gift cards that have been tampered with, other customers in line, made up rules, or a dozen other things.
I want talk about a workaround for one of those banes in particular today, credit card fraud alerts.
Going on a Manufactured Spend Trip
The best manufactured spend techniques let you spend large amounts in a single transaction, but these are also the most likely to be flagged as potentially fraudulent by credit card issuers, more so if they are round numbers. In fact, if you have a $2,500 purchase at a grocery store and the bank rhymes with pretty-skank, I’d give you 9 out of 10 odds that you’re going to get a decline on the first swipe and a subsequent fraud alert that takes at least a couple of minutes to sort out.
There’s an easy way around those algorithms though; when banks think you’re on a trip they expect abnormal purchases. So before buying $2,500 worth of “kombucha”, open the bank’s mobile application on your phone and set a travel alert for the state you’re in, even if it’s the same state you’re always in. Afterword, that purchase is likely to sail right through.
Happy weekend friends!