Do banks get itemized information when you buy groceries? I need to spend 4000$ to get a cash reward. I was thinking of buying a couple of visa cards along with groceries. Can any data scienist /Ml engineer working at the bank confirm this?

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4K spend is pretty doable just buying everything on your credit card

likesmart

Not sure but I don't think so. In my experience all that matters is where you made the purchase not what you bought so that should work!

like

There are too many people on FB answering questions to which they don't actually have the answer.

The answer in this case is - it's possible but unlikely. Credit card issuers have three levels of data they can receive when you swipe your card. The third and highest level allows issuers to see the items you purchased, you can read more here: https://www.tidalcommerce.com/learn/what-is-level-3-data

I say it's unlikely because at this time, issuers don't have level 3 data with most merchants. One example of an issuer actually having level 3 data is Amex with some airlines. This is why you can sometimes login to your Amex account to see a transaction for a flight and your destination will be shown. I'm unaware of any issuers that have level 3 at grocery stores.

If you're going to do this, you should toss in some random groceries so your total doesn't come out to an obvious gift card purchase amount like $504.95.

helpfullikesmart

Was going to say you should avoid round numbers. Toss a few red bulls or some gatorade so they don’t see a bunch of $500 flat amounts. Actually, maybe buying some TUMS is a good idea if you’re worried about the credit card company caring…

like

Google gift card churning.

like

A $4000 grocery bill? Yup nothing to see here folks 😅

likefunny

Sounds like a regular Costco trip haha

likefunny

No they won’t know and who cares? They’re still getting you to pay off that 4k that’s all they care about. Spend it however you wanna spend it - not like they limit what you can purchase?

like

Yup but that’s a risk they’re taking. If they fibra like it, they can ban it in their terms and conditions. Until they do that, it’s legal and permitted. They can’t not give you rewards because they “don’t like it”

like

You could always say you needed the gift cards to pay back the IRS or they were going to arrest you, at least that is what the guy with an Indian accent told you 😂😂

funnylike

Pay rent on your card

smartfunny

If the card is a 1-2% card then technically its a 1-2% tax no? On top of the sign up bonus you’re still ahead.

Buy a $500 Amazon gift card. You’ll eventually use that

like

Which company? I've only heard of Amex caring.

It’s the holidays, but some gift cards at a clothing retailer too.

Venmo

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