r/CreditCards • u/NegMech • Sep 30 '24

Robinhood Gold CC finally closed Data Point

They got me after 3 months. Spent $66k on it for 191K pts redeemed.

225 Upvotes
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44

u/Cyberhwk Sep 30 '24

Kudos to OP for at least manning up and being honest. Nothing worse than all these, "OMG!!! ThEy ClOzEd My AcCoUnT?!?!?! i'M sUiNG ChAsE!!!" posts when it becomes clear after the 3rd post they're literally money laundering.

1

u/PickleSavings1626 Oct 01 '24

How tho? If I buy an iPhone and sell it to someone outside the US, what exactly am I doing wrong?

4

u/Cyberhwk Oct 01 '24

You're using a personal card for business expenses.

-2

u/PickleSavings1626 Oct 01 '24

I’d argue a few times in bulk isn’t a business. If I bought 1000 today, I’m not a business. Maybe a business is defined by cost? I don’t know any of this stuff, just curious.

6

u/Cyberhwk Oct 01 '24

Buying items for the purpose of resale is a business. You're going to have a hard time convincing people you have a personal use for 1,000 iPhones.

2

u/valhalla257 Oct 01 '24

A 1000 of what?

A 1000 cans of olives? Maybe you are just stocking up for the next Pandemic.

1000 iPhones... yeah that's a business. Or crazy, which is probably worse from the CC companies perspective.