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How to get a 1 year 0% APR loan for your business

A detailed account of a Fastlane process...

Kepler

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Hi everyone,

hope this post helps for anyone looking to expand without the capital up front, and if you are looking to take the risk of borrowing money.

here are the steps to an easy way to finance some business cash at 0% APR.

Step 1: Open up a new credit card with 1 year 0% APR, and a limit within your ability to handle

Step 2: Go to a store with expensive stuff and a good return policy.

Step 3: Purchase as much as your card allows and as much as the capital you need.

Step 4: pay a small portion on your debit card and the rest on your credit card.

Step 5: wait a few days

Step 6: go back to the store and return everything

Step 7: when asked which card the refund is going on give them your debit card

Step 8: Use the money for business

Step 9: make your payments on time

Disclamer: I cannot vouch for the legality of this method, or say I’ve done it on my own. However one of my e-commerce friends did it at the apple store to get his first purchase order to get started.

Hope this helps,

-Kepler
 
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Kepler

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Hi everyone,

hope this post helps for anyone looking to expand without the capital up front, and if you are looking to take the risk of borrowing money.

here are the steps to an easy way to finance some business cash at 0% APR.

Step 1: Open up a new credit card with 1 year 0% APR, and a limit within your ability to handle

Step 2: Go to a store with expensive stuff and a good return policy.

Step 3: Purchase as much as your card allows and as much as the capital you need.

Step 4: pay a small portion on your debit card and the rest on your credit card.

Step 5: wait a few days

Step 6: go back to the store and return everything

Step 7: when asked which card the refund is going on give them your debit card

Step 8: Use the money for business

Step 9: make your payments on time

Disclamer: I cannot vouch for the legality of this method, or say I’ve done it on my own. However one of my e-commerce friends did it at the apple store to get his first purchase order to get started.

Hope this helps,

-Kepler
P.S. I also don’t know if banks have caught on this worked for my friend about a year ago
 

The-J

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Amex has credit cards at 0% APR intro rate for 12 months, and you can usually get a much higher limit on those. I want to say cash advances also apply at that rate too.

Honestly, I wouldn't do this method. I'd rather get one of those Amex cards, hook it up to a Paypal acocunt, and use that to fund purchase orders.
 

BellaPippin

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Amex has credit cards at 0% APR intro rate for 12 months, and you can usually get a much higher limit on those. I want to say cash advances also apply at that rate too.

Honestly, I wouldn't do this method. I'd rather get one of those Amex cards, hook it up to a Paypal acocunt, and use that to fund purchase orders.

Those things NEVER apply to cash advances, the % is like, double the card's APR and IT GETS CHARGED PER TRANSACTION, it's not APR it's a straight up whatever% finance charge added to the balance immediately. Ex-banker here, do NOT take cash advances unless it's life or death matter or make sure you read the terms four times before doing it.

The other transaction I'd say depends on the company's policy return. Some of them ask you where you want the refund, it doesn't matter. Some of them have to do it to the same card.

Honestly if it sounds like a duck and walks like a duck... idk, loopholes make me a bit nervous but then again I'm averse to feeling I'm breaking rules
 
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The-J

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Those things NEVER apply to cash advances, the % is like, double the card's APR and IT GETS CHARGED PER TRANSACTION, it's not APR it's a straight up whatever% finance charge added to the balance immediately. Ex-banker here, do NOT take cash advances unless it's life or death matter or make sure you read the terms four times before doing it.

Good to know.
 

Ernman

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Before you engage in such practice I urge you to ask yourself, "how would I feel if somebody played this game on me?" Would you feel taken advantage of or abused? Would you say to yourself, "this isn't what my return policy is intended for?" Don't these people know it costs me money to process these returns, they can't be resold as new (product dependent) and I'm forced to either eat it or pass costs on to customers? These games ultimately make it harder for all of us and have NO place in legitimate, ethical business practice. JMHO
 
D

Deleted74396

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Before you engage in such practice I urge you to ask yourself, "how would I feel if somebody played this game on me?" Would you feel taken advantage of or abused? Would you say to yourself, "this isn't what my return policy is intended for?" Don't these people know it costs me money to process these returns, they can't be resold as new (product dependent) and I'm forced to either eat it or pass costs on to customers? These games ultimately make it harder for all of us and have NO place in legitimate, ethical business practice. JMHO

Many businesses deal with returns. You never fully know the 'true reason' for them, you just have to deal with them like every other.
 
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Kepler

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Those things NEVER apply to cash advances, the % is like, double the card's APR and IT GETS CHARGED PER TRANSACTION, it's not APR it's a straight up whatever% finance charge added to the balance immediately. Ex-banker here, do NOT take cash advances unless it's life or death matter or make sure you read the terms four times before doing it.

The other transaction I'd say depends on the company's policy return. Some of them ask you where you want the refund, it doesn't matter. Some of them have to do it to the same card.

Honestly if it sounds like a duck and walks like a duck... idk, loopholes make me a bit nervous but then again I'm averse to feeling I'm breaking rules
It isn’t a cash advance though :rofl:

I would never recommend a cash advance.

I don’t see how it breaks any rules either or walks talks or quacks like a duck.

1. The credit balance on the card is still there to be paid off to the bank

2. The store has their products back, and your return fit in the return policy guidelines they operate on.

3. The cash in your checking account from the refund is not free money and still needs to be paid back.
 

Kepler

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Before you engage in such practice I urge you to ask yourself, "how would I feel if somebody played this game on me?" Would you feel taken advantage of or abused? Would you say to yourself, "this isn't what my return policy is intended for?" Don't these people know it costs me money to process these returns, they can't be resold as new (product dependent) and I'm forced to either eat it or pass costs on to customers? These games ultimately make it harder for all of us and have NO place in legitimate, ethical business practice. JMHO
Well do it to a large publicly held company that pushes socialistic views through their policies and political donations, it’s exactly what they represent and should be ok with if they are actively pursuing socialism :rofl::rofl::rofl: (*Cough Cough Apple, Microsoft*)
 

ShamanKing

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So you are basically saying they will give you cash back on the credit card portion?

Unless you are a customer that throws a fit for the manager to override the system for cash back good luck. The systems know to split up how you paid.
 
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G

GuestUser4aMPs1

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What you're describing is a method of Credit Card Kiting.
While technically not illegal, it could be against your card's Terms of Service.

Also honestly...if you wanted an easier way to do the same thing, just open a Stripe account, Charge the Card to the Stripe account, and transfer the money to your bank.

But as people have said. I don't really know why the hell you'd want to do this.
 

BellaPippin

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Well do it to a large publicly held company that pushes socialistic views through their policies and political donations, it’s exactly what they represent and should be ok with if they are actively pursuing socialism :rofl::rofl::rofl: (*Cough Cough Apple, Microsoft*)

spongebob.jpg
 

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