You should read your own post before making false accusations. This is NOT a scam. The way to do this was actually explained by the TD people. So if TD wanted your business by explaing to you how to do this, then we are all just following TD's rules and TD's ways of doing things.Sanyo wrote: ↑You do realize TD keeps track of everytime you upgrade and downgrade accounts right? I use to work there and see this scam pulled. Once your flagged it goes onto your comments and your pretty much screwed. You could downgrade, though the banker isnt going to say anything, if they are smart enough (and if your lucky you might find a dumb banker) they'll lodge that you have a Premimum visa and downgrading -- let's see what happens when you try to upgrade and downgrade it the next year . Even though we're only talking about a $120 fee, it is still considered FRAUD!
Sounds likes you didn't understand TD's ways of doing things. But that's ok, you don't work for TD any more.
Yes it sounds like more work, but it takes 2 phone calls. One to set things up the first time. Second to close or downgrade the select account. It gets you the fee waived TD visa.
Low fee vs no fee, I take the no fee.