Meeting A Spend Threshold In One Night.
Update #2, 01/17: Reports from commenters today are that the $100 transactions are now ringing up at $99.90 instead of $89.90.
It’s still a great deal though with an Ink card, even if not trying to hit a spend threshold. You get gift cards that can be used anywhere with no fees and you earn 5 points per dollar on all the spending!
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Update, 01/15: Picked up a couple dozen more cards from another Office Max tonight
Earning a whopping 5 points per dollar spent on top of a $10.10 profit per transaction? Priceless!
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Related posts:
-Want To Boost Your Credit Score? Spend On Business Cards Instead Of Consumer Cards.
-A Rundown Of The Chase Ultimate Rewards Program And Ultimate Rewards Cards
-Is Bluebird The Next Dollar Coin Churn?
-Another Flavor Of Vanilla: My Vanilla Debit Card
-My Current Credit Card Lineup
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The goal: Meet a $5,000 spend threshold on a Chase Ink Plus card in 1 night. Because 3 months is for sissies who don’t know how to churn and move onto the next card
Total spend in 25 minutes of “work”: $5,020.50
Total amount that will be liquidated: $5,100
Total points and cash earned: 58,977 points (worth at least $1,120 at my personal “value” of at least 1.9 cents each) and a $79.50 cash profit.
The points are transferable and are roughly enough for:
-A one-way business class ticket to Israel or a round-trip coach ticket to Europe (with up to 12 stopovers and connections if you’re crazy enough) on any Star Alliance carrier via United.
Stop 1: Office Max.
What I bought: 22 prepaid Mastercards of $50 each in 11 transactions.
Why: This week only you can save $10 off each card instantly, up to 2 cards per transaction. Earn miles while turning a profit!
Total cost per transaction: 2 x $50 prepaid Mastercards = $100 – $20 instant rebate + $9.90 in prepaid debit card fees=$89.90
Total cost of all transactions: $988.90
Total points earned from spending: 4,945, due to 5 points per dollar earned on Ink cards at office supply stores.
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