Month: July 2024

EDITOR’S NOTE: I’ve been out of the country for a couple of weeks, but I’m now back. I tried to keep up on responding but fell woefully behind. I’ll do my best to catch-up by the end of the week though.

  1. The generic American Express no-lifetime language (NLL) landing pages for the Business Gold and Business Platinum have new offers:

    – Business Gold: 125,000 Membership Rewards after $10,000 spend in three months
    – Business Platinum: 175,000 Membership Rewards after $15,000 spend in three months

    The generic NLL landing pages for the Blue Business Plus and Blue Business Cash cards are currently offline, but I expect they’ll come online with new offers soon. Of course, there are better offers out there with lifetime language, so I’ll share my recent favorite phrase: context matters.
  2. Chase is switching its insurance provider from eClaimsLine to Assurant on October 1, and if you rely on credit card insurance then it’s probably worth skimming the new terms and conditions for upcoming fall and winter travel. Highlights:

    – Some cards have increased rental car coverage to $60,000 to match the Sapphire Reserve
    – Extended warranty benefit limits reset annually

    I’ve had great luck with eClaimsLine (see the $16,000 smashed Audi claim for example), but we can flush the entire internet’s wealth of knowledge on claims down the toilet on October 1. (Thanks to DDG)
  3. Some American Express personal Gold referrals have a heightened bonus of 100,000 Membership Rewards after $6,000 spend in six months and statement credits for 20% back at restaurants up to $500 in spend. Also, some cats are afraid of cucumbers. (*)

    The referrer gets an additional 15,000 – 35,000 Membership Rewards too, but not in the cucumber case.

Happy Wednesday!

Context matters, illustrated.

* Don’t say you never learned anything at MEAB.

EDITOR’S NOTE: I’ve been out of the country for a couple of weeks, but I’m now back. I tried to keep up on responding but fell woefully behind. I’ll do my best to catch-up by the end of the week though.

  1. Do this now: Check for 20,000 bonus Membership Rewards for enrolling your American Express charge cards (Green, Gold, or Platinum) into Pay Over Time. Then, set a reminder to shut off Pay Over time in 121 days.

    If you get the bonus offer on multiple cards, consider activating them in separate tabs as simultaneously as possible because reasons.
  2. Do this now: Add all of your Chase Sapphire and Freedom cards to your Instacart account for free Instacart+ membership, each card adds more time, and you use the same landing page each time too. You won’t be able to do this after tomorrow.
  3. Rakuten In-Store has 1-3x Membership Rewards or 1-3% cash back at Lowe’s with a linked card. Goose the offer with the Citi Shop Your Way Rewards card’s monthly home improvement credit too.

    The terms say this doesn’t work with gift cards, but we all know that’s probably not true because reasons.
  4. OfficeDepot / Office Max stores have $15 off of $300 or more in Mastercard gift cards through Saturday. For best results:

    – Link your cards to Dosh
    – Try for multiple transactions back-to-back
    – Buy even multiples of $300

    These are Pathward gift cards.
  5. Hilton for Business members earn double elite night credits for both business and leisure stays through the end of 2024. You can register for Hilton for Business and link your accounts here if you haven’t already done so. (Thanks to LoyaltyLobby)
  6. The American Express Business Gold card has a 200,000 Membership Rewards sign-up bonus after $15,000 in spend available by referrals only. Different cards from the referrer can have different bonuses, so check them all because reasons.

Commemorative summer coffee mug; presented because reasons.

EDITOR’S NOTE: I’ve been out of the country for a couple of weeks, but I’m now back. I tried to keep up on responding but fell woefully behind. I’ll do my best to catch-up by the end of the week though.

You won’t find many cliches at MEAB, but some days it can’t be helped despite a herculean effort, and today is one of those days. So, let’s shoot our (second) shot after the Zigening:

You miss 100% of the shots you don’t take.

– Wayne Gretzky, a former stick-puck legend

In manufactured spend, travel hacking, reselling, and churning often the most profitable plays come from trying something unique. That uniqueness often manifests with bewilderment if there’s another party:

Churner: Can you help me reconsider my application for a Business Cash Unlimited card today?
CS Rep, bewildered: I see seven applications today, did you really mean to do that?

Manufactured Spender: I want to buy $40,000.00 in Mastercard gift cards today.
CS Rep, bewildered: Will my register even let me enter that many zeros?

Travel Hacker: I want to add a partner intra-Brazil flight to my transatlantic itinerary and reprice.
CS Rep, bewildered: Uh, wait what?

Reseller: How many pallets of those Mr. Beam lights can you deliver to my house?
CS Rep, bewildered: Do you know how big a pallet is? Did you mean a box?

On the face of it, generally people don’t expect that any of those examples would work in the real world. But, they might, and it might be really profitable too.

Good luck, and happy Monday!

MEAB, but as a stick-puck guy.

There’s lots of follow-up news to go over today:

  1. AA’s shopping portal finally has a back-to-school bonus for 2,000 miles after $1,200+ spend through August 8, which was predicted by my made up sources a week ago. That makes those sources right half of the time.

    Giftcards.com remains absent from major airline shopping portals.
  2. As you’ve no doubt heard since just about every news outlet in North America picked up the story, Southwest announced a few things:

    – They’ll soon offer assigned seating
    – They’ll soon offer extra leg room seats
    – Red-eye flights *shudder* start in February 2025

    They still won’t charge for checked bags. Will this make me fly Southwest more? Actually, definitely. (Thanks to Brian M)
  3. The personal American Express Gold revamped. The quick reference card:

    – $325 annual fee (up from $250), existing cardholders pay the new price after 10/1
    – 4x dining is now limited to $50,000 spend per calendar year
    – $50 semi-annual Resy restaurants credit (gaming info here)
    – $10 monthly dining credit shifts to 5 Guys from Shake Shack
    – $7 monthly Dunkin’ Donuts credit (lulz)

    The new card is available via both referrals with a 90,000 Membership Rewards sign-up bonus or through luck and a random number generator you might get 100,000 Membership Rewards by applying directly. Just try different browsers, incognito, a VPN, mobile instead of desktop, or going through different search engines until it shows up.
  4. Do this now: Register for new American Express Gold card credits: $50 semi-annual Resy credit and $7 Dunkin’ Donuts monthly credit (lulz)
  5. Kroger has a 4x fuel points promotion running today only on third party gift cards and fixed value Visa and Mastercards, excluding Amazon cards. GCG notes that there’s also a coupon for $8 off of two $100 Visa gift cards.

    Fuel points and gift card rates remain more or less steady with last week.
  6. Pepper Rewards, which has effectively tanked most bulk gift card resale rates, has finally devalued its program. As of today, most major brands will earn 1% back in points, rather than the 5% or 10% that they’ve been earning since the beginning of the year.

    My made-up sources say bulk gift card rates will recover by the end of August, and we all know how good they are.

Follow-up recipe from “Churning, Travel Hacking, and Selected Croissant Recipes”.

Last week we had a brief interlude about how an unredeemed point is worth nothing. It’s definitely true, but there’s a corollary for travel hackers:

Outsized Value Requires a Baseline Stash of Points

Chapter 6 Title from MEAB’s fictitious book, “Churning, Travel Hacking, and Selected Croissant Recipes”

Most bank points can be converted to cash for around 1 to 1.5 cents each, and most airline points have a baseline value in the same ballpark too. With that metric it’s easy to say that a credit card sign-up bonus of 90,000 points is worth somewhere around $900 to $1,450.

When you get a stash of points, it’s almost never a bad idea to cash out, invest that cash or use it in your velocity roll, and start earning a new stash. Then the value of your cashed out points grows with other investments.

You can take cashing out too far though. What if, for example, you’re in Germany on vacation and looking to fly home in the nose of a 747-800 in Lufthansa First? You could buy a ticket for over $10,000, or if you’re lucky you can grab a First Class award ticket for about 90,000 points with Avianca Lifemiles; but only if you haven’t cashed out all of your points. That redemption is rather outsized at more than 10 cents per point in replacement cost value, obviously more than the 1 to 1.5 cents value on a cashing-out basis.

It’s easy to see a strategy emerge: Keep a baseline of points big enough to meet your short term travel needs, and cash out the rest. What does short term mean? That depends on how quickly you earn points I suppose.

Happy Thursday!

A sample recipe from “Churning, Travel Hacking, and Selected Croissant Recipes”.

  1. Wells Fargo quietly launched two new Mastercards that pay Expedia One Key rewards:

    – One Key+: $600 One Key rewards after $3,000 spend in three months, $99 annual fee
    – One Key: $400 OneKey rewards after $1,000 spend in three months, $0 annual fee

    I think these aren’t paying commissions to credit card bloggers so you won’t hear much about them, but both cards earn 3% at gas, grocery, and dining which can easily be parlayed into airline airfare credit at most airlines.
  2. Chase Offers has 5-10% back at several IHG properties on up to $570 in spend each through August 14:

    – 5% or 10% back at Holiday Inn
    – 5% or 10% back at Holiday Inn Express
    – 5% or 10% back at Candlewood Suites
    – 5% or 10% back at Staybridge Suites
    – 5% or 10% back at Indigo

    They’re all gameable too. (Thanks to FM)
  3. Hy-Vee stores have $10 off of $150 or more in Visa or Mastercards through Saturday, limit one per transaction.

    These are Pathward gift cards.
  4. Giftcards.com has vanished from most airline shopping portals, though it’s still available on Virgin, JetBlue, and Emirates portals, all of which aren’t run by the same conglomerate as the other guys as far as I know (Cartera). It’s also available on Capital One shopping and Rakuten so we haven’t reached the heat death of the universe (yet).

A churner takes a road-trip to Hy-Vee land in a specially designated manufactured spend vehicle.

  1. The last horse may have crossed the finish line on back-to-school airline portal bonuses for spend through August 12:

    – Delta SkyMiles Shopping: 2,000 miles with $800+ in spend

    My made up sources last week said that Delta wasn’t going to have a bonus, so clearly I shouldn’t trust those sources ever again. In other news, AA hasn’t released a bonus, and my sources are silent on whether they will.
  2. Staples has fee-free $200 Visa gift cards through Saturday, limit eight per transaction. These are Pathward gift cards.
  3. Citi ThankYou Points has two transfer bonuses through August 17:

    – 25% bonus to AirFrance/KLM FlyingBlue
    – 20% bonus to Wyndham Hotels

    The Wyndham one is slightly more special given its rare appearance and the programs (decreasing) gameability, especially if you’re Barclays banned and can’t get the Wyndham Business Earner as a result.

The Delta horse finally crosses the finish line.

Introduction

After Delta was Crowdstruck, which caused massive delays and cancelations that continued for days, an AA flyer was overheard saying “at least I’m flying American and not Delta”. In case it’s not immediately evident, this phrase is more rare than finding Earth rocks on the moon’s surface or than John Hodgeman throwing socks at an audience.

Self-Insurance

Could you have predicted this outage and pivoted away from Delta early? Probably not this one in particular, but in general it’s safe to assume that a US airline will meltdown at least a couple of times a year and if you fly a lot, you’ve got a reasonable chance of getting caught up in a meltdown.

We’re lucky though, because travel hackers are uniquely positioned to insure themselves against events by realizing:

  • Most non-basic economy award bookings are easily refundable

To insure yourself against meltdowns, book a backup flight on another airline at least a few hours after the flight you really want to take, then refund it when your original flight looks like it’s going to work out. If there’s a meltdown, refund your original flight and take the backup.

It’s really that easy, but of course there are a few failure modes, specifically:

  • Sometimes points bookings have a cancelation fee
  • Sometimes you have to pay a few extra points for your backup to be cancelable for free
  • You might forget to cancel your backup or original flight

If you’ve got a lot of points though and can set a reminder in your phone, none of those probably matter that much.

Conclusion

Booking a backup award ticket on another carrier before a meltdown saves you after the meltdown.

Happy Monday!

What’s the backup plan when your pizza joint has a “vendor technology issue” and your pizza shows up with Kiwi though?