Chasing A Dream

Ouch!

Fake Dictionary, Dictionary definition of the word hubris.

 

For the first time In My Life, I was denied personal credit.  And it hurt.  Even though it’s partly my own fault; I did not heed the warnings of those who had gone before me. I just went in, balls to the wall, full of arrogance and my 808 credit score and was promptly shot down.

Let back up a bit, for some context.

Back in June, many bloggers (like MMS, and Mommy Points) and Flyer Talk reported that Chase was cracking down on approving applications for people who they felt had opened too many new accounts in the past 24 months.  And this is from ANY bank! Not just Chase.

At that time it seemed to mostly affect Ultimate Rewards earning cards such as Chase Freedom and Chase Sapphire Preferred.  The airline and hotel cards (United, Marriott, Holiday Inn etc) issued by Chase seemed to be ok for a while.

I had a busy summer.  I spent it with my family and we went on a few great trips.  I did not spend as much time as I maybe should have reading blogs and Flyer Talk (or updating my own blog).  So I knew Chase had tightened up, but I really didn’t think about it possibly getting worse.

I booked Australia!

(yay! I’ll tell you about it later!) Yes I did manage to get that done over the summer.  In fact, I booked my flight to Australia using the Delta Mobile app on my phone while we were driving down to Mammoth Cave.  If you know me at all, you know I am not comfortable doing things like that anywhere but my ginormous desktop computer.  Mobile sites just make me uneasy for some reason.  ANYWAY I am going to need some United miles and British Airways Avios for traveling within Australia and to get from Australia to Thailand.  (yes, I’ve added a whole ‘nother trip to Australia)  So I thought this would be a good time to apply for the British Airways card for myself and the United Card for Matthew.  Both had 50,000 mile sign up bonuses which would more than cover what I needed.

I applied online using a friend’s link for the British Airways card and got the dreaded screen telling me to call in to further process my application.  I didn’t think much of it. Most of my applications have been automatically approved, but I have had to call in a couple of times to verify information.

After verifying my address, SSN and phone number, the Chase agent started getting serious.  She asked about the income I stated on the application and where it comes from.  I told her most of it was from my husband, but a small percentage of it was mine from self-employment.  She asked what my “self- employment” was.  I told her I was a part time tour guide.  (this is true)  Then she put me on hold for what felt like forever while she “reviewed my credit history”.  This is when I started to sweat.  She told me I had applied for 9 cards in the past 12 months.  This is not true.  And I am almost positive she said 12 months and not 24 months.  She then asked “Why did you apply for so many cards? Why do you need so much open credit?”  I told her I don’t need that much open credit and I would be happy to shift some around to open this card.  She was having none of it and said I would not be approved.  I asked if I could close the Southwest card to get this one open.  She said “No.  You have more than enough credit for your needs”

Wow.  She was tough.  And she was not backing down.  I asked if being an Authorized User on my husband’s cards was counting in this denial and she said “No.”  Good thing, because that would have probably put me over 20!

I have always said I am a CONSERVATIVE credit card churner and “Manufactured Spender”.  And I still believe that to be true.

In the interest of full disclosure, let’s look at how many cards I have actually applied (and been approved!) for since August 2013.

August 2013 – SPG Amex

Sept 2013 – Citi AA Visa (closed), Barclays Frontier MC (closed)

March 2014 – Citi AA Executive (closed), Chase Sapphire Preferred, US Bank Club Carlson Visa

June 2014 – Wells Fargo Amex (closed)

August 2014 – Skymiles Business Gold Amex (Business card should not be counted), Chase Marriott (closed)

December 2014 – Chase Southwest Personal

January 2015 – Chase Southwest Business (again, Business card)

June 2015 – Citi AA Mastercard, BoA Alaska Airlines Visa, Barclays Frontier MC

Ok.  That’s 14 cards in the past 24 months.  But 2 business cards should not count.  So that’s 12.  She said 9.  I’m thinking maybe she did not count or see the ones from August and Sept 2013.  That would make the count accurate.

What now?

I’m a little torn over what to do now.  Should I just lay low and not apply for any cards until maybe mid-2016?  That way many of my apps will drop off.  Or should I apply for cards from other banks before the whole thing explodes?  I am leaning toward the last option.

 

Bursting-Bubble

 

I don’t want to be an alarmist, but I really think this game is dying.  I know when something dies, something new always comes along.  Every once in a while someone will say, “Do you remember a few years ago when everybody was buying coins from the US Mint?” Well, I think a few years from now people will say, “Do you remember when everybody was getting hundreds of thousands of miles from credit card sign up bonuses? Ah..those were the days”

I mean, look at what has happened recently.  American Express limits sign up bonuses to once per card per lifetime.  Citibank will not give a bonus if you have opened or closed the same card in the past 18 months.  And now Chase is not approving applications if you have opened more than 5 cards in the past 24 months.  What’s next?  Will they all eventually go the same way as American Express? Once per lifetime?

So I think this might be the time to just go for it.  Grab what you can and be happy with what you get before the bottom falls out.  And it will.  If this hobby had remained a secret society, things might still be easy.  But you’ve got too many big name bloggers spewing all the down and dirty details.  Mommy Points was on Nightline for crying out loud!  And even with all the approval crackdowns, they are still pimping their Chase Credit Card affiliate links.  At least the newbies can get some miles.

sunshine

 

Sorry.  I don’t mean to be all doom and gloom.  I think the Chase denial just got to me.  Just last month I went through all the trouble of opening a new checking account with Chase and giving up a 20 year relationship with my credit union!  Chase offered me $300 to do this, but that’s beside the point.  I also haven’t completely cut the cord with my credit union and after this mess, I probably won’t.

So let’s see what happens next.  I’m still $10 ahead from my last MS adventure with ordering American Express gift cards.  (Oh yeah…you know the portals stopped paying out cash back, right?) So I think I will buy a couple Visa Gift Cards with my Chase Sapphire and load them to RedBird.  That will give me 1,000 Ultimate Rewards points.  I need all I can get to transfer to United!  After that…who knows.  If I decide to apply for some different cards in the next couple weeks, I will let you know.

 

April 2015 (Mini) App-O-Rama

It’s been awhile since I have posted (or done) one of these.  Gone are the days of 6 apps in one day.  With the demise of amazon payments, Vanilla Reloads and Serve CC loads, I’m not sure I could do $20,000 worth of spending in 3 months.  Maybe.  But let’s see if I can get through this $10,000 in 3 months.

Matthew Apr 15 AORThis AOR was all for Matthew.  He only had 5 cards open in his name, which is not good for the credit score.  Before this AOR, his FICO score was 791.  I will be curious to see if it goes up in the next few months with $57,000 of available credit added.

I chose the Citi AA card because the 50,000 mile sign up bonus is pretty good and the 10% back on redeemed miles will be great when we redeem  his miles for Australia next year. Although, there is a 10,000 mile limit on that benefit, so I will probably get this card as well and redeem some of the miles for the trip from my account.

Chase Sapphire Preferred is a great card to have.  Ultimate Rewards points are infinitely valuable as they can be transferred to Hyatt and United.  My goal is to get a few United cards from Chase in the next year, combined with these Ultimate Rewards points and possibly go back to Thailand or maybe Fiji.  In business class this time!

The Capital One Venture card is often overlooked in the Miles and Points community.  I’m not sure why.  I had the card for several years and got in on an awesome sign-up bonus they had.  They were offering to match the miles you currently had in another program, up to 100,000 miles.  I had 100,000 miles in my Delta account so I earned 100,000 Capital One points.  At 2 points per dollar spent, I quickly had 150,000 points in my account which I used to buy United miles for one of our Thailand tickets last year.  My plan with the card this time is to use it for car rentals or other travel expenses that are not covered with airline or hotel miles.  Using their “Purchase Eraser” makes it easy to “erase” all sorts of travel expenses.

Spring Break 2016

Spring Break 2015 is in the books.  Disney was exhausting, but fun.  I am now working on Spring Break 2016.  With the recent devaluation of the Club Carlson program (discontinuing the bonus night) I feel the need to burn the 300,000 points we have.  So I am considering the Radisson Resort in Aruba.  Southwest flies to Aruba, so that is an added bonus with the Companion Pass.  Or the Radisson Blu Resort in Sharm el Sheikh Egypt.  Parker is fascinated with Egypt and my plan would be to spend a day or two in Cairo at Le Meridien Pyramids to see the pyramids and then head down to the Red Sea for some diving and R&R.

I have some planning to do!

Happy Travels!

My Pretty Redbird AND Saving Money at Disney

RIP Serve

serve-1As I’m sure you know by now, Serve will no longer allow credit card loads beginning on April 16.  Boy, that was fun while it lasted.  The limits were low (only $1,000 per month), but I could do it from the comfort of my home.  I didn’t have to put on my PJs and go to Walmart to buy gift cards and hope that Kate was not ill.

I will finish out my $1,000 for March and get $1,000 more loaded before April 16 and then I will bid adieu to Serve.   We had a good run, you and I.

But, wait, what’s this?  A pretty little red bird on the horizon?  Unfortunately, I live in an area that does not sell the Target Prepaid RedCard (aka RedBird) and when I was looking through the list of states that sell them, I could not think of anybody I knew who lived in one.  Apparently, I forgot about my niece in Maryland! Well…my nephew’s wife.  Technically, my husband’s nephew’s wife.  My niece-in-law? In-law?

Anyway! I explained to her what I wanted and she had no problem stopping at Target on her way home from work to pick one up for me.  She even loaded it with $5!  She then sent me a picture of the card showing the number and the 4 digit code on the front of the card.  I used that information to register the card online, in my name.  Within 3 or 4 days I received a personalized, permanent RedCard in the mail.

REDbird_card_image

I was a bit nervous going to Target to load the card.  Since my local Target does not sell them, I wasn’t sure they would know what they are and/or what to do with them.  Visions of WalMart danced in my head.

It was a rather busy Sunday afternoon at Target, but the express line had no wait.  I walked right up to the register and said “I’d like to load my RedCard please”, like I had done it a million times.  She looked at me with a smile and said, “Of course!”

I loaded $325 with my Chase Sapphire Preferred card with absolutely no issues.  It was the easiest thing ever.  I was in and out of the store in about 5 minutes. (Confession…I was having Walmart flashbacks when swiping my credit card, trying to keep it out of her sight so she wouldn’t bark at me “Cash or debit ONLY!”.  When she asked to see the card for the last 4 digits, I had a mild panic attack.  But she entered them, handed it back to me and I was done)  As my son would say “Easy, peasy, lemon squeezey”

So now, where do I go from here? I need to have some sort of strategy for loading the card.  I don’t have any minimum spending requirements to meet, so I need to beef up an account that I plan to use soon.  Ultimate Rewards points are ultimately the most valuable in my opinion, so I think I will focus on them.  But I can’t get too greedy and have Chase wonder why I am suddenly spending so much money at Target.  In even amounts.  I can fix part of that by loading, say, $432.67 to make it look like an actual purchase.  As I have said before, I am not a HUGE manufactured spend(er).  I usually do only a couple thousand a month to pay bills with.  The RedBird limits are $2,500 per day and $5,000 per month, so I can’t go too crazy anyway.  I read blogs of people who do $15,000 or $20,000 a month (and I’m sure you read them too) and honestly, I think those are the people who ruin this for the rest of us who play conservatively.

Right now I only have 1 RedBird, but when Serve dies I think I will close it and open a RedBird in Matthew’s name.  That will give us $10,000 of MS availability each month.  Not that I would use that much.

I also might buy a few American Express Gift Cards through cash back portals.  I will likely use my SPG Amex card for that.  Right now I can get $30 back for buying a $2,000 Amex gift card.  The gift card will cost $12.90 in shipping and fees, so I will make a $17.10 profit.  Better than nothing.  And then I can load the GC on to my RedBird for no fee.  Less Target purchases appearing on my credit card accounts.

We’ll see how this goes.  I’ll keep you posted.

Saving Money at Disney

We are going to Walt Disney World for Spring Break next week.  Yes, I know we are crazy.

walt-disney-world-news1

 

I have done a pretty good job saving money on the trip.  I booked our rental car way back in October for the great rate of $136 for the week! The same car at the same company booked right now is $299.

We are staying at the Country Inn & Suites by the airport.  It’s not fancy, but it has decent reviews and who spends that much time in the room anyway?  I am using Club Carlson points for half of the stay (with the BOGO deal for having the Club Carlson VISA card) and my friend is paying cash for the 2nd half of the stay and I got a great rate at 30% off for 3 nights.

I used 34,000 reward points from my Wells Fargo Propel American Express card (40,000 point sign up bonus) to get my 5 day adult park ticket and bought my son’s 5 day ticket on Undercover Tourist.   With my leftover Wells Fargo Propel rewards points I got a Best Western hotel gift card that I will use on our trip to Bryce Canyon this fall.

But here is the most recent Disney money saving deal I found.

Do you know about AMEX Offers or AMEX Sync?  For Sync, you connect your Amex card with your Twitter account and follow the American Express Twitter feed to take advantage of money saving offers.    You can also just log in to your Amex account to see “Offers for You” and have them added to your card.

Since the Wells Fargo Propel is actually serviced by Wells Fargo, it does not appear when I log into my American Express account.  My SPG, Delta SkyMiles Platinum and SkyMiles Gold Business card are on my American Express account page online.  You can usually add each offer to only one card.  BUT since the Wells Fargo card is separate, I can get the offer added to that card as well via AMEX Sync on Twitter.

So how does this save money at Disney?  Well, one of the Amex Offers is $10 off a $50 purchase at Lowe’s.  Lowe’s sells gift cards, including Disney Gift Cards.  I bought two $50 Disney gift cards at Lowe’s and got two $10 statement credits from American Express.   I added the offer to my SPG card and my Wells Fargo card and got $100 worth of Disney gift cards for $80.  In my book, this is a 20% discount on food.  That should buy at least one meal, right?  My husband wanted me to use the offers to buy mulch.  Yeah…that sounds like fun.

 

If They Blog About It, It Will Die

How many times has this been true?

I seriously miss the days when travel hacking, credit card churning, manufactured spending was all underground.  There were a few message board sites where people would talk about it using aliases and lots of code words.  Not anymore! Now we scream it from the rooftops in Big Guy Blogs and Frequent Traveler University gatherings.  We tell you how to game the system and rake in millions of miles by doing things the banks probably don’t like.

For years I never talked about it.  I didn’t even tell my family and friends what I was doing.  (mainly because I didn’t want to get lectured about ruining my credit score.  Yeah whatever, Mom) I just always said “I never pay for travel”, with a smile.  I still say that.

Well…I don’t do that.  I won’t.  Which is part of the reason I do not regularly write in this blog.  I will still post about my trips (promise) and give you some tips on travel but I’m not going to be one of those blogs who posts about every Chase sign-up bonus and every airline mileage program devaluation.  (though I reserve the right to complain about such devaluations)

So here is a little known money saving/mileage earning deal going on this month.  Thornton’s gas stations (located only in the midwest with a few scattered in FL)  are offering 20% off third party gift cards to places like amazon.com, iTunes, restaurants, stores etc.  It is not well advertised, but I found out about it through a Big Guy Blog.  I wasn’t even going to blog about it because I wanted to keep it a SECRET! Especially in my area – more for me!

Thornton-20-Gift-CardsIf you have a credit card that earns a category bonus for gas station purchases, you are not only saving money, but earning bonus points.

There are 3 Thornton’s in my general area.  The first one I went to was just about completely wiped out of gift cards and the guy behind the counter told me that he did have amazon gift cards, but someone bought 20 of them the day before and now they are gone.  I bought one $25 Buffalo Wild Wings gift card for $20 and paid with a credit card.

I went to the 2nd Thornton’s and all they had was Bass Pro Shops and iTunes. I’m kicking myself now for not buying the iTunes.

I did not make it to the 3rd Thornton’s until yesterday.  Still no amazon or store cards, but I did select a Darden restaurant card and an iTunes card.  When I got to the register the girl said “I don’t think you can pay for those with a credit card”. I told her I bought some at the Erlanger location with a credit card just a couple days ago.  She tried and the payment was not accepted.  I gave her my bank debit card, but that did not work either.  Another girl came up and said they had “problems” with accepting credit cards for gift card purchases and so it is now their policy not to.

Of course I never have cash, so I had to return the gift cards, put my tail between my legs and leave.  Brought back memories of trying to buy Vanilla Reloads with a credit card at CVS.  Thornton’s did have a big selection of Vanilla Reloads, by the way.  They sat there – taunting me.

So.  The Big Guys post about Thornton’s gift card discount.  People run out in droves to buy them all up.  There are none left and Thornton’s wised up to the credit card game.  (or somebody was buying massive amounts of them with a stolen CC)

If you are interested in saving money, this could still be a good deal for you using cash.  In fact, it IS a good deal for you.  You are still saving $5. I would not go out of my way to do this, but if you have a Thornton’s in your area and they actually have some gift cards left – go for it!

It is still possible, in a roundabout way to pay for them with a credit card.  You load your Bluebird or Serve with a credit card (or gift cards purchased with credit cards) and you can withdraw $100 cash from a Money Pass ATM with no fee and then buy $100 worth of gift cards for $80.  Is it worth your time to run around all those places doing that? I doubt it, but if it’s convenient for you, it’s a good deal.

Bottom line, it’s still a money saver if you pay cash.  Christmas is coming, ya know.

I have slowed down considerably on my Manufactured Spending.  Right now I am only doing enough loads on Serve to cover my mortgage payment each month.  I can load Serve with my credit card from the comfort and warmth of my office chair (shhhhh! don’t tell anybody!). I don’t mind that at all.  It’s free and I don’t have to run to Walmart all the time.

In 2014 I spent $149.49 on gift card fees.  I got into the cash back on American Express gift cards late, so I only earned back $90.50.  That means I spent $58.99 to Manufacture enough Spend to get 795,000 miles and points in 2014.  Was it worth it?  Was it worth it  to spend $59 to get 795,000 miles and points?? Yeah…I think so.  Well…to be fair I should probably account for annual fees I had to pay that were not waived for the first year.  And it gets a little ugly there.  (damn you 3 Citi Executive cards! ) $975.  But still.  Just over $1,000 for 795,000 miles and points?  Sure.  But I am done for a while. I have decided it is just not worth the hassle.

Likely by the end of the year I will apply for a couple cards if they offer good “end of the year” sign up bonuses.  Chase Southwest is a big contender.  They are currently offering 50,000 points per card and they have 4.  Even though I am a bit gun-shy with Business cards, I might give it a go.  I’m also hoping British Airways offers a 100,000 mile sign up bonus at the end of the year as they have done for the past couple years.  I am keen to use Avios for a trip to Ireland.

So that’s all for now.

 

 

I’m Still Here, Just Quiet

I have taken a short break from Manufactured Spending (and apparently from blogging as well).  I wanted to let my money “shake out” and see if I was still in the black when it landed.

ibank

….this is not my account…..

I have an interesting system for keeping track of my MS in iBank.  If you are familiar with iBank, you know you can keep track of multiple accounts in the register.  In my iBank register I have my “Checking”, 2 “Savings” and then 23 credit card accounts.  Yeah…it’s a lot to keep track of.  But I have a system!  When I make a purchase I enter it into both the “Checking” account and the “Credit Card” account.  For example, if I go to Target and buy $25.68 worth of Halloween candy (just sayin’) using my Citi Executive 2 (I have 3 of them),  I will come home and enter $25.68 as a WITHDRAWAL in my checking account in iBank.  On the “Payee” line I will enter “Exec 2”, which is my code for that particular card.  I have codes for every card that differentiate if they are mine or my husband’s and what version of the card they are.

Then I will go to the “Exec 2” account in iBank and list Target as the payee and list the amount as a WITHDRAWAL.

When my Citi Executive 2 bill comes, I go through my iBank Checking account and confirm the withdrawals with “Exec 2” as the payee and then I DELETE them from the Checking account register.  I then go through the Exec 2 account and “clear” all the charges that appear on the bills.  Once that is done, I deduct the total amount of the bill in my Checking account as a Payment to “Citi Exec 2” and ADD the total amount of the bill as a “Deposit” in the “Exec 2” iBank account.

And now its even.

But can  you see where this is going in regard to what iBank thinks is my total net worth?

At the bottom of the iBank screen is a “Summary” of your net worth.  When I decided to take a break, mine said this:

Money you have:     $2,432.22

Money you owe:      $7,247.33

Total:      ($4,815.11)

Yikes!  Yet when I logged into my Credit Union checking account, it showed I had about $13,000 in there!

I decided it was time to take a break, pay off all the bills and see where I stood financially.  I’m happy to report that all is well.  All the credit card bills are paid off and I am still a few thousand in the black.  Shwew!

Now that the Cashback portals are back to offering payouts on American Express gift cards, I may get back into it.  The payouts aren’t great right now, 1.5%, but it’s better than nothing.  My property tax bill is due at the end of this month.  I hate to pay out a couple thousand dollars and not earn miles for it!  But my Bluebird account is empty so I would have to make several trips to Walmart in the next week or so to get enough in there to pay the bill.  And you know how I hate going to Walmart!

My Blogging Break

I got a bit disillusioned with the whole Miles and Points blogging thing when I noticed a trend among the “Big Boy” blogs.  (TPG, MMS, MP, FTG…you know the ones)  I mean, how many times and in how many different ways can they push Chase cards? I know it’s their bread & butter, but come on!  Is that what it takes to be successful in this world?  I wanted to share my experiences of free travel with a child! Not pound you on the head with a Chase Ink! But yet, that’s what these guys are doing.  And they are wildly successful (in this limited world).

You know the Miles and Points blogs I enjoy the most? And the ones that I think offer the best information?  Travel is Free and Hack My Trip.  I strongly suggest checking them out.  They focus more on how to travel for free, rather than shoving credit card links down your throat.

I still want you to read my blog, of course.  And I am going to work harder at writing and sharing my experiences with you.  I still love to travel and I still love to travel for free! We just got back from a fabulous week at Beaches Turks and Caicos!  There is nothing free (or even cheap) about Beaches!  It’s a splurge that I feel is worth every penny!

Trip report coming soon! Promise!

So…thanks for coming back and checking out my post.  Tell me…how do you keep track of your manufactured spending?  Do you have an easier, less complicated method than I do?  I’d love to hear about it!

Happy Travels!

Black Tuesday and other thoughts

So about 2 weeks ago I wrote a post about my “new” discovery of buying American Express Gift Cards through shopping portals and earning cash back.  Earning cash back on these cards really helps defray the cost of buying VISA gift cards to load on to Bluebird.

Since I started churning credit cards and playing the miles and points game I am ALWAYS waiting for the other shoe to drop.  And this past Tuesday, it did.  At least as far as cash back on American Express Gift Cards is concerned.

American-Express-Gift-Card

As of Tuesday afternoon, all shopping portals (for cash back or miles/points) pulled American Express Gift Cards.  If you read Flyertalk, there is all sorts of speculation as to why this has happened.  Everything from a re-negotiating of contracts between AMEX and merchants to too much Manufactured Spending has been speculated.  Some suggest the cash back offers may come back in the next month or two, as a similar blackout happened last fall.  Only time will tell.

I got one last $2,000 American Express Gift Card purchase in under the wire on Monday morning.  I hate that I can’t earn cash back anymore, but I’m happy with what I earned this month and that I came out ahead!  Since early August I have spent $46.43 on fees to buy VISA gift cards BUT I have earned $100.50 for purchasing American Express Gift Cards via BeFrugal (<– my link) so I am actually $54.07 ahead of the game.  We won’t talk about what I have spent on fees for the past couple years.  But I worked those into my yearly travel budget so they didn’t hurt my daily budget at all.

App-O-Rama 2014

I haven’t really done any big App-O-Ramas this year.  I did a couple small ones for myself, but all Matthew has done this year is get two Citi AA Executive cards.  (but those are very substantial)

Here’s a breakdown of what we have earned and spent for the first 9 months of 2014

Matthew

  • Citi AA Executive Mastercard Feb 2014 – 110,000 miles – $250
  • Citi AA Executive Mastercard Jun 2014 – 110,000 miles – $250
  • Chase Marriott Premier Rewards  Sep 2014 – 72,000 points  – $0

Laura

  • Citi AA Executive Mastercard Mar 2014 – 110,000 miles – $250
  • Chase Sapphire Preferred Visa  May 2014 – 48,000 points – $0
  • Club Carlson Premier Visa  May 2014 – 87,500 points – $75
  • Wells Fargo Propel Amex May 2014 – 43,000 points – $0
  • Delta Skymiles Amex Gold Business  Aug 2014 – 52,000 miles – $0
  • Chase Marriott Premier Rewards  Aug 2014 – 72,000 points – $0

So all together we earned 330,000 airline miles, 231,500 hotel points, 48,000 Ultimate Rewards points (that I will probably transfer to United next year) and 43,000 points that I am going to use for Disney World park hopper tickets in March 2015.

To get all those points and miles, we spent $825.  I know…that’s a lot.  But, like I said, I work that into my yearly travel budget, so it doesn’t really hurt.

I am going to take a break from applying for cards for a few months.  Unless something comes along that is too good to pass up!  No reason for this really, other than giving my credit score a rest.  Both of our scores are still above 800, so all this credit card churning has not hurt us in the least and probably has even helped our scores to go up.

My plan is to apply for the Southwest personal and business card in early 2015 to earn the companion pass.  Unfortunately we don’t live in an area that Southwest serves, but it would be worth driving to Louisville for all those free flights.  Heck, people from here drive to Louisville when they are PAYING for flights!

Summer 2015

I’m ashamed to say that I still do not have anything booked for our summer vacation in 2015.  I don’t have enough Delta miles yet! I am still about 8,000 miles short.  I may end up buying the remaining miles I need since the plug has been pulled on the American Express gift cards.  I will still try to push out some MS in the next month so I can have close to enough by October and book then.  If anything is left.

We have no idea where we want to go really and at this point, we will probably just spin the Delta wheel and see where it lands.  Where ever I can get 3 business class tickets to, is where we will go.  I am going to try for Greece, Italy or France.  But who knows where we will end up!  And actually we may stay in the US next year! Imagine that! But I have always wanted to explore the west – Arizona, Wyoming, Montana, Utah.  2015 may be the year to do that!

Happy Travels!

 

I did it! My first Business card!

Finally!

I have long been jealous of the bloggers and travel hackers who get so many extra miles and points by getting business cards.  Unfortunately, stay at home moms do not qualify as “business owners” because nobody actually pays us for our services.  (hmmmpf)

Several years ago, I was a Realtor and could have easily gotten multiple business cards for my real estate business.  But I was not into this game then and let my license expire back in 2007.

So, here I sit, letting millions of miles pass me by because I do not have a business.  But do I?

I live in a subdivision that has a community clubhouse that residents can rent out for parties and meetings.  I am in charge of renting the clubhouse and BUYING SUPPLIES for it.  I am paid a modest fee for every party that I book.  A modest fee, yet still a fee.  I am sent a 1099 tax form every year by the HOA and I have to pay taxes on that modest money that I earn.  Do I have a business?  I thought I might.  So a couple years ago, I applied for a Chase Ink card using that business description.  I was denied.  That broke me.  I was scared of Chase then and stayed away from them until my recent Chase Sapphire Preferred card.  Not sure what went wrong with the Ink card.  Maybe they didn’t like the fact that I only made about $2,500 a year and spent less than $100 a month on supplies.

Gatekeeper Paranormal

 

For several months now, I have been getting letters from American Express OPEN Business credit card, addressed to Gatekeeper Paranormal.  I have no idea how they got our name and my address linked to it.  But they did.  We do not charge a fee for our services so we are a “non-profit”,  but have not registered as such because that costs money and if we don’t make money, we don’t have money.

Recently we started working with Bobby Mackey’s Music World.  This has given us a good deal of exposure and as such we have started investing more in our “business”.  Ordering t-shirts and banners, buying new equipment and vendor tables at conventions.  Unless we get our own “Ghost Hunters” type TV show, we are not going to make much money doing this BUT we are making a small amount and still putting out money and providing a service.

The American Express OPEN card was offering me 50,000 Membership Rewards points for spending $5,000 in 3 months AND an additional 25,000 points for spending another $5,000 in the same 3 months.  That’s A LOT of spend.  Especially considering I want to apply for new Marriott Premier VISA cards this month.

I really need some Delta miles though! I want to go to Europe next summer (!) in business class and I only have 310,000 SkyMiles.  (I need 375,000.  which is ridiculous. but it is what it is)  So I started looking at some other business card offers this morning and saw that the Delta SkyMiles Gold Business card was offering 50,000 miles for spending only $1,000 in the first 3 months!  Wow.  If I had to, I could BUY the remaining 15,000 SkyMiles for about $500.  But hopefully I can manufacture some spending in the next month to lower that significantly.

I was nervous, but I applied for the card using Gatekeeper Paranormal information.  It was quite painless actually.  They asked what kind of business and I marked “other”.  They asked my annual income and provided a drop down box where the first option was “$0-$49,999”.  OK.  That’s honest.

60 seconds later:

first biz card

 

Wow.  I was over the moon.  This opens up a whole new world for me!

And that brings me to this blog.  Most of the BIG guy bloggers have affiliate links for credit cards and make a nice little commission every time somebody clicks on one and is approved.  (I just gave Million Mile Secrets some money this morning.  You’re welcome.)

I do not have any such links and I honestly have no idea how to go about getting them.  Part of me doesn’t want to pimp credit cards all the time and another part of me doesn’t want the banks controlling (or trying to control) my content.   But the opportunity exists that I could get affiliate links.  And of course I want to make money.  So even if I don’t have any now, I could apply for a business card for this blog with the intention of getting paid for advertising credit cards.  I could.  But should I?

So apparently I have 3 businesses that technically should each be eligible for their own business credit card.  Will I do that? I doubt it.  But I will be exploring the business side of this game a bit more now.  I’m still very conservative, both in manufactured spend and credit card churning in general.

Do you have any business credit cards?  Have you tapped that well yet?

I heart you American Express.  Thank you.

American Express Gift Cards

Just a quick post so you know I’m still alive and to share my recent experiment.

American-Express-Gift-Card

I have heard of people buying American Express gift cards online through cash back portals, but I had never done it myself until last month.  I tested the waters by buying a $200 gift card using the AMEX Sync offer of $10 back on the purchase of AMEX gift cards.  I went through BeFrugal (<that is my link)  and also earned $5 cash back.

I signed up for a 3 month trial of free shipping from American Express, but I still had to pay the $3.95 purchase fee. I paid $203.95 for the gift card.  I was almost immediately issued a $10 credit on my American Express statement and I have $5 pending at BeFrugal.  I liquidated the card via Amazon Payments because I didn’t want to go through the hassle of trying to buy gift cards with it.  (and spending more money to do so) So…after my credits, I paid $188.95 for a $200 gift card.  Not bad.

A couple days ago, I got a bit braver and went for a $1,000 AMEX gift card.  I used my Chase Sapphire Preferred card, which wasn’t the best decision.  I’m trying to build Delta points to burn on a trip to Europe next year and those Ultimate Rewards points won’t help me do that.  But, nevertheless, I did it.  I paid $1003.95 for the card and used my free shipping.

For the $1,000 gift card, I earned $27.50 cash back via BeFrugal. I will use this AMEX gift card to purchase 2 $500 VISA gift cards at Walmart and load them to Bluebird.  Stay tuned for an update or a new post to see how that goes.  I hope to do that today or tomorrow.

I will pay $4.94 for each VISA gift card.  Plus the $3.95 purchase fee on the AMEX card.  I have spent $13.83 in fees BUT I am getting $27.50 cash back.  I am $13.67 ahead of the game.

I just made $27.34. Why didn’t I start doing this years ago?

As long as I do not have any hassles buying VISA gift cards with the AMEX gift cards, this is going to be my “new thing”.

Do you buy American Express gift cards online through shopping portals?  Let me know in the comments!  I would love to hear your experience.

Of course none of this is helping me meet my minimum spend on the last Citi Executive card.  (DO NOT use Citi cards to buy American Express gift cards or you will be charged a cash advance fee!) I’m still a couple thousand short on that minimum spend, but I have until Sept 26, so it shouldn’t be a problem.

I am going to write more.  I am going to write more.

I keep telling myself that.  And I will.  Now that Parker has started 1st grade, I have about 8 hours of “free” time every day.  I have a lot going on.  My paranormal group Gatekeeper Paranormal just started doing tours of Bobby Mackey’s Music World, so I am busy scheduling and conducting those.  I am also trying to plan our spring break 2015 trip to Disney World.  And a trip to Europe next summer.

I also plan to apply for a few cards at the end of this month so I need to sort out which ones are the best.  I know for sure we will each be getting a Marriott Premier Rewards card (not my link) offering 70,000 points after spending  $2,000 in 3 months.

I’m also working on the rest of my trip reports from Thailand! It really was an incredible trip and I want to share all the details!

**UPDATE** I just returned home from Walmart where I purchased two “Birthday Candle” VISA gift cards for $495 each – using the $1000 Amex Gift Card.  I then loaded the VISA gift cards to Bluebird with no problems!

Possible Regret and A Couple Good Bonuses

I hope I don’t regret this

Until midnight last night, you could transfer SPG points to American Airlines or US Airways and receive a 20% bonus.  This was on top of the 25% bonus you already get for transferring SPG points to airlines.  I have just over 40,000 points, so I could have turned those into 58,000 AAdvantage miles.  (or Dividend Miles)

Conventional Wisdom in this game tells you not to transfer miles unless you have immediate plans to use them.  I don’t.  Plus I am pretty flush with AAdvantage Miles and Dividend Miles right now thanks to 3 Citi Executive cards and Matthew’s recent bump in business travel.  I have more than enough for my planned trip to Australia (in BUSINESS class) in 2016.  But this was a heck of an offer to pass up and one that may not return for some time.

I have lots of hotel points in other programs, so I don’t necessarily NEED SPG points for hotels; although you can sometimes find some Great Redemptions.

I would also probably not transfer the points to any other airline.  Except maybe Delta if I needed some points to redeem some of their ridiculously over-priced awards.

Too late now to do anything about it.  It’s just something I decided to think about this morning.  I will probably end up using my SPG points to stay at the Westin in Whistler, which is why I got the card in the first place.

westinwhistler

The Westin Resort & Spa, Whistler

Rooms at the Westin Whistler are 16,000 SPG points per night during Christmas break and most of ski season, but you can find rooms for 9,000 points per night in late ski season.  As long as I have my SPG American Express card open, I will get the 5th night free when I book 4 on points.  So, I still need to earn 24,000 points to get enough points.  SPG points aren’t easy to earn, but if I concentrate some MS on the card over the next year, I should be able to do it.  (then I will watch for the inevitable devaluation)

A Couple Good Credit Card Sign Up Bonuses

Right now, Chase is offering the United Explorer card with an increased sign-up bonus of 50,000 miles after spending $2,000 in 3 months.  I would love to get this one, but Matthew and I just canceled our previous United Explorer cards in July of 2013.  The wait time for churning Chase cards is generally 24 months.  So hopefully next summer they will offer a similar bonus.  But if you have not had a Chase United Explorer card in the past 2 years-go for it!

Chase is also offering the Marriott Rewards Premier VISA card with an increased sign up bonus of 70,000 points PLUS 1 Free night at a category 1-4 hotel after spending $2,000 in the first 3 months.

Matthew and I will definitely be signing up for the Marriott card.  We both just canceled the basic Chase Marriott Rewards card, but this Premier card is a different product so we are eligible for the sign-up bonus even though it has not been 24 months.

Incidentally, I do not earn any commissions if you use the links above.  Those are just public links that I copied and pasted.

Happy Travels!

Making and Meeting Spending Goals

Time to make a plan

I will be the first to admit that my spending, both regular and manufactured, has always been rather erratic.  I have written a lot about my “mad organizational skillz” and ability to keep track of multiple accounts, but when it came to setting a goal and then spending to meet that goal, I wasn’t doing it.  So I decided to write this post, not only to help my readers better understand the POINT of doing all this, but also to help myself to better organize my spending.

First I want to list the active, open credit cards in my binder for both myself and my hubby.

  • American Express Delta SkyMiles Platinum (me)
  • Chase Marriott VISA (me and hubby)
  • American Express Starwood Preferred (me and hubby)
  • Barclay’s US Airways Premier World Mastercard (me and hubby)
  • Chase IHG Holiday Inn (me and hubby)
  • Citibank American Airlines Visa (me)
  • Barclay’s Frontier Mastercard (me)
  • Bank of American Alaska Airlines Visa (hubby)
  • US Bank Club Carlson Visa (me and hubby)
  • Citibank American Airlines Executive Mastercard (me and hubby)
  • Chase Sapphire Preferred (me)

That’s 17 active credit cards.  See why organization is so important?

I am about to cancel three cards:

  1. My Barclay’s Frontier card.  Frontier awards proved very hard to redeem.
  2. Hubby’s American Express Starwood Preferred.  He has used all the points in the account and there is no benefit to renewing this card.
  3. Hubby’s Chase Marriott Card. He has earned Gold status on his own this year and next year he will apply for the Marriott Premier Rewards card which offers better benefits than the basic card he has now.

That will leave me with 14 cards to spread out my spending.

Credit-Cards

 

My (Immediate) Plans

And by “immediate” I mean within the next 2 years.

Summer of 2015 I want to take a trip to Europe.  I’m thinking most likely Croatia and either Italy or Greece.  I want to fly (business class) to Australia in 2016.  Those are my 2 big ones.  There will be some domestic trips thrown in that I will most likely just pay the airfare for (I save my miles for expensive international travel), and possibly a Caribbean or Hawaii trip on miles.  It is going to be harder to travel now with my son entering 1st grade later this year.  We will be relegated to summer travel with the masses and maybe a Christmas ski trip.  I am not opposed to pulling him out of school to travel, but I will try to keep that to a minimum.  However I do plan on taking a January or February ski trip to Whistler in the next couple of years and I will pull him out for that.

So, having said that, I need to take a look at my inventory of miles.  Between the two of us we have:

  • 384,000 American and US Air miles (that will become “one” with in the next year)
  • 51,000 Alaska Airlines Miles (these can be used on American Airlines and Delta)
  • 308,000 Delta SkyMiles

To fly Business class to Australia using American Airlines Miles, we will need 375,000 miles.  As you can see, we have more than enough to do that after the merge.  But AA miles are probably the most valuable miles out there right now, so I want to concentrate on building as many of them as I can. Especially since we have so many American Airlines and US Airways cards.

information_australia

I will use my American Airlines miles to fly my family to Australia in business class!

My trip to Europe next year will be on Delta and most likely in coach (ugh, I know), which will require 180,000 miles for 3 tickets.  Again, I have more than enough.

I want to build more Alaska miles to supplement my American and Delta totals.  I can’t combine them, but I can get one ticket from the Alaska account and the other two from the American or Delta account.  To that end, I will probably apply for an Alaska card for myself during my next round of apps this fall.

Organized Manufactured Spending

The real goldmine in Manufactured Spending (MS) is using a Chase Ink or Bold card at office supply stores and earning a 5x point bonus.  If you bought $2,000 worth of Visa gift cards per month, you would be earning 10,000 Ultimate Rewards points.  Do that for a year and you have 120,000 points.  That right there is the bread and butter of most miles and points junkies.  And some (most) do way more than $2,000 a month.

Those 120,000 (or more) Ultimate Rewards points can be transferred to United, Southwest, British Airways, Korean Air, Virgin Atlantic, Hyatt, Marriott, IHG, Ritz-Carlton and even Amtrak.

There are some of us, however, who cannot get the Chase Ink or Bold or other business cards because we do not own our own business and do not feel comfortable lying to get one.  I have a part-time job that would probably qualify me for a Business card, but I applied for a Chase Ink last summer and was denied.  That really spooked me, especially with Chase.  So I am going to lay low with Chase for awhile – at least until next year, and then I might try again.

So where does that leave me and others like me without business cards? It leaves us to only earn 1 mile/point per dollar on most cards.  That can still be worthwhile though, and is better than earning Nothing.  So basically $2,000 a month in gift cards for one year will earn you 24,000 miles/points.  That’s a lot less than 120,000! But again, still better than Nothing.  You also have to factor in the cost of doing this, which is approximately $240 on $2,000 worth of gift cards.

By the way, I am using $2,000 because that’s what *I* do, on average.  That is just enough to pay my mortgage and utility bills.  Every once in a while I will do amazon payments or money orders with gift cards, but I try not to game the system too much and risk getting myself shut down or contributing to shutting down the entire system.

So here is my plan

For the months of June through December 2014, I have made a rotation of 4 cards per month, buying one $500 gift card on each card.  The cards I will rotate are both Citibank American Airlines Executive Cards, my Citibank American Visa, Hubby’s Alaska Airlines card, my Delta SkyMiles American Express and both of our Barclay’s US Bank Mastercards.  By doing 4 different cards per month, I can spread out the spend between 4 different banks.  And notice I am avoiding Chase on all MS activities.  Flyertalk threads like this one and this one really make me stop and think.  And if I want to eventually get that Chase Ink or Bold card, I think it is in my best interest to avoid them for now.

So by the end of the year I will earn just under 10,000 American/US Air miles, 2,000 Alaska miles and 2,000 SkyMiles.  Many people will say that is not worth it.  It’s not worth the $140 I will spend on fees or the trips to Walmart.  You would have to make your own decisions on whether or not it’s worth it to you.  I do not go out of my way to go to Walmart to do this.  But chances are that at least 4-5 times a month I am going to be near a Walmart and it takes me about 10 minutes to run inside and do the deed.  I don’t see that as a big inconvenience.  When you could still buy Vanilla Reloads at CVS, the Miles and Points junkies were running around to every CVS within a 50 mile radius of their home, only earning 1 mile/point per dollar spent on them.  The difference was that they didn’t have to go to Walmart to load them.  So really, that is the only thing that has changed.

The bulk of my “everyday” spending will probably go on my Chase Sapphire Rewards card.  Except for gas and groceries which will go on the Chase IHG cards (2x points in those categories) But of course I will throw a few charges here and there on the cards I am using for MS, just for good measure.

Recurring Charges

Before I go, I want to point out that I have several recurring charges each month that are automatically billed to different credit cards.  Our Chase IHG cards are charged for our Netflix account and our cat’s Wellness Plan at the vet.  The Chase Sapphire Preferred gets Direct TV and our cell phones (for now).  And the US Bank Club Carlson card gets my son’s karate class.

I also have certain credit cards assigned to different accounts such as Groupon, iTunes, and Paypal.

The good thing about setting up these recurring payments is that I can change it any time I want to.  Usually when I get a new card and have to meet minimum spending, I will change the Direct TV and cell phone payments (since those are the highest) to go to the new card until I meet the spending requirement.

So that’s it.  That’s my Master Plan.  Do you have a Manufactured Spending or Travel Planning strategy?  If so, please share it in the comments.  I, for one, am very interested in learning more about how other people reach their goals!  I know many people are loath to talk too much about MS in public forums.  But I think the cat is long out of the bag by now and there is not much classified information left.

Happy Travels!

One last personal note…because he’s just too darn cute not to share.  We got a new dog last week! He is a 2 year old Goldendoodle that we named Bodhi.  I occasionally foster dogs through the Stray Animal Adoption Program and this boy came up needing a foster home. We love Doodles so I grabbed him up and we decided within about an hour that we wanted to keep him forever!   Welcome to the family Bodhi!

bodhi1

Bodhi