I just remembered, there is a catch. They won't sell you the more expensive servers until they know you're legit. So you couldn't use that $10 on like a 64gb RAM server with 16 cores and burn through it in a day.
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Hmm.. this is different than other cloud providers like Azure.. if you have the credit, you can spend it on whatever you want until you run out, in which you'll have to refill or stop using.