Category: MS Hints

  1. The Citi Shop Your Way Mastercard has new mid-month targeted spending offers for online spend:

    – 200,000 Shop Your Way Rewards after $1,000
    – 250,000 Shop Your Way Rewards after $1,000
    – $30 statement credit after $500
    – $50 statement credit after $750
    – $70 statement credit after $1,000

    These offers stack with other ongoing offers leading to $350+ in statement credits monthly for many. Sure the sign-up bonus sucks, but that’s not what this card is about. If only giftcards.com, this offer, and the next news item could form some kind of holy trifecta. (Thanks to Justin O, Dave 37, and birt)
  2. Two airline portals have back-to-school shopping portal bonuses for cumulative spend through August 12, which is an extremely long time for a shopping portal.

    – Southwest Rapid Rewards : 2,000 miles after $500 spend
    – United MileagePlus Shopping: 2,500 miles after $600 spend

    Likely Alaska and American will have similar bonuses later this week, and Delta won’t because they don’t believe in holy trifectas (according to sources that I just made up).
  3. American Express Offers has several new airline offers:

    – 30,000 Membership Rewards with $2,000+ spend at ITA Airways through September 30
    – $300 statement credit with $2,000+ spend at Virgin Atlantic through September 16

    Normally these are semi-gameable, but ITA is particularly hard to deal with so caveat emptor. (Thanks to Connor and DoC)
  4. The Chase IHG Premier One Business card has a heightened sign-up bonus of 200,000 points after $9,000 spend in six months, and the $99 annual fee is not waived for the first year. The card also gives $50 in United Travel Bank credit annually, so I’d consider that part of the sign-up bonus too.

    We talked about an IHG devaluation last week and now that the dust has settled, the point value should probably be taken as somewhere between 0.45 cpp and 0.85 cpp, or even more if you have the IHG Select card for it’s 10% rebate and you book flexible rates.

Have a nice Tuesday!

The other holy trifecta.

Manufactured spend, churning, and travel hacking are often hidden behind a veil of coded words and language, and whether or not that’s necessary is a subject for another time. Often the coding isn’t direct words, but rather what isn’t being said. That is, sometimes to find the weiner hiding between two sides of a hot-dug bun (you’re welcome Chad), we need to read between the lines.

Yesterday, an almost perfect, chef’s kiss example of reading between the lines graced churners. And, as if that weren’t enough, it came from a prior churning gamer turned gamee. (In case the post is deleted, I’ve archived an image for future generations):

I’ve never seen a more perfect and succinct object lesson. I mean, this is college textbook, honorary PhD, commemorative gold-leaf plaque level, but I digress.

There are at least two sides to explore this post from:

  • If you know exactly what this post is talking about: Try and view it through the lens of someone who doesn’t, and ask questions like, “what sticks out about this post?” and “What might help you recognize posts like this in the future when you might not know it’s talking about?” The better you answer those questions, the more effective you’ll be in the future.
  • If you don’t know what this is about: There are a few weird things about this post. To help with what those might be, some friendly redditors ask questions and make probably incorrect assumptions based on those questions. Do their answers make sense? What happens if you explore a little, do those explorations line up with those answers? Also, what do twitter X users have to say? Finally, who is this guy?

Good luck, and happy Tuesday! Also, sorry not sorry for another “so-cryptic-that-no-one-can-understand” MEAB post.

PS: I like Richard, he’s a decent guy and I don’t think he deserves the bad rap he gets. We need to separate the gaffe from the human on this one.

A churner consults the MEAB decoder book, unsuccessfully.

  1. Do this now: Register for Q3 credit card bonus categories, for spend between July 1 and September 30:

    – Discover IT: 5% back at Walmart and grocery stores, up to $1,500 spend
    – Citi Dividend: 5x on gas, up to $6,000 spend annually
    – US Bank Cash+: Select 5% and 2% categories, up to $2,000 spend on 5%
    – Chase Freedom and Freedom Flex: 5x on gas, EV charging, live entertainment, and movie theaters, up to $1,500

    Q3 is full of soft-balls for hitting spend, both for online floosie spenders and for in-person spenders. Take the Speedway to Walmart Neighborhood Market for the quickest route on the latter.
  2. Chase Ultimate Rewards has a 20% transfer bonus to Air Canada’s Aeroplan program through July 31. This is a good bonus if you’re booking Star Alliance awards, but like a seasoned manufactured spender views deals worth less than $100, it feels a bit 🤏 compared to the recent Bilt 150% transfer bonus.
  3. The Citi Shop Your Way Rewards card, alternatively named the “5% of a lawyer’s annual salary in bonuses” card, sent mid-month spending bonuses on Saturday. We’ve seen:

    – 200,000 points after $750 in online spend
    – $50 statement credit after $750 in online spend
    – $70 statement credit after $1,000 in online spend

    For the first time since last June, I didn’t receive a mid-month spend bonus, so I’m officially declaring a nationwide state of June-gloom. (Thanks to MS Ninja, birt, and Adam)
  4. Most American Express Delta cards have increased sign-up bonuses that are at a relatively local maxima, but the bonus is still not amazing compared to historical versions so they haven’t shown up here. However, one card bucks the trend:

    The American Express Delta Gold has a $500 statement credit and 40,000 SkyMiles after $3,000 spend in three months, and the annual fee is waived for the first year offer that shows up during on the checkout page of a (dummy) flight booking. In this case, it’s probably an all-time best bonus, but unfortunately it’s not available via referrals and I doubt it’ll show up there too. (Thanks to AbjectRaise)
  5. The Barclays AAdvantage Aviator card has a 70,000 AA mile bonus after making a single purchase and paying the $99 annual fee payment in the first 90 days.

    There’s also a targeted 60,000 miles + 10,000 miles for the referred and an additional 10,000 miles for the referrer offer floating around for those operating in Mario+Luigi (two player) mode. (Thanks to DDG)

MEAB pouts.

  1. US Bank Double Cash Back days runs Wednesday through Friday on both its cash back portal and card linked offers. You can get to both on most personal cards by:

    – Logging in to US Bank
    – Clicking on your credit card from the dashboard
    – Clicking “Go to rewards & benefits”
    – Clicking “Rewards center”, which may be hidden behind “…”
    – Click “Shop now” for the portal or “See my cash-back deals” for card linked offers

    You can also try this link, but it’s very ymmv. Also because it’s US Bank and the computer is a mainframe operated by a drinking bird, the card linked offers may lead to a blank page especially for Altitude Reserve cards.
  2. American Express Offers has a card linked offer for $100 off of $400 or more in front desk gift card purchases purchases at the Unbound Collection by September 15. Gamers that can’t get to a front desk for a gift card purchase often find ways to make this work anyway.

    There’s also an offer for $75 off of $350 or more at Avis or Budget.
  3. The Albertsons, Safeway, Vons, and other grocery chains’ Just4U rewards program had a great stack this weekend, and most of it is still working for a very good stack for another week and change:

    – $15 off of $75 in select gift cards including PlayStation Store through June 18
    – 10x points on PlayStation Store through June 18
    – 4x points on all gift card purchases Saturday and Sunday

    These deals all conspired to award 12x points plus $15 in groceries with a purchase $75 or more in PlayStation Store gift cards, because the weekend promotion is over the same deal will now will earn 10x points + $15 in groceries. PlayStation cards should fetch at least 81% in resale value for bulk buyers, so if your buyer is paying less, look for another one.

    Why is this on MEAB, a site whose mission silently includes never talking about discount groceries or electronics? Well: (1) manufactured spend, (2) this is a backdoor to buying Alaska miles.

US Bank’s rewards portal technical operator in action.

Very few companies have a monolithic technology stack. That means you’ll often find different behavior with:

  • Mobile apps versus a website
  • Older terminal hardware versus newer hardware
  • Android apps versus iOS apps
  • Version 1.0 versus version 1.1

Ok cool. How about a few specific examples?

  • FlyingBlue will show different pricing and availability on AirFrance’s site than KLM’s
  • Turkish Airlines fails to ticket some itineraries on desktop, but they’re easily bookable in the app
  • Older Walmart terminals behave differently than newer terminals
  • Some Kroger registers auto-drain cards, others won’t
  • Old school bill payment platforms charge different fees based on what you use to start a payment

Ok, cool again. Now why should you care?

  • Different technologies get different results, which leads to conflicting data points. Not all conflicts are easily explained by different technology stacks, but a surprising number are
  • Fees, funding methods, and functionality often differ. Can’t get that payment to go through on the desktop? Maybe hit up the mobile app. Mobile app doesn’t work? How about the prior version?

Good luck, and have a nice weekend!

Even shoes have different technology stacks.

  1. Giftcards.com has 10% off of $100 Visa eGift cards using promo code SUPERDAD or SUPERDAD10, limit three per order. Too bad science hasn’t yet figured out a way to decode what these codes could mean and why they surfaced this week.

    These are Pathward gift cards, and have a limit of $2,000 in purchases in a rolling 24 hour period for both the virtual and physical varieties.
  2. The Alaska Airlines MileagePlan shopping portal has 500 bonus miles on $200 or more in cumulative spend through June 14. Giftcards.com will work as long as it normally tracks for you, but likely won’t work in conjunction with the 10% off Visa offer.
  3. If you’re into fintechs for floosies, the new no-annual fee Wells Fargo Attune World Mastercard’s 4% back in several categories including gyms might be enticing, definitely more so than its $100 sign-up bonus.
  4. A periodic refrain in churning is that grocery stores are bad at coding promos and this week brought another example. Always be probing.

Science hasn’t figured out why this surfaced this week either.

  1. American Express’s promotion for 10x on dining for up to $25,000 in three months for the referrer after referring someone else to AmEx ends on Wednesday. To make this last a little longer, remember AmEx referral hacks:

    – One 10x bonus per account number
    – Referral links saved before Wednesday will have the 10x bonus attached even if the referred applies for the card after Wednesday This didn’t work
    – If the referred is denied on first application but later approved after reconsideration, the 10x bonus will activate for the referrer, even after the expiration

    Combine several of the above to extend 10x even further, and remember you can always chat with American Express to confirm that a referral bonus is attached after three days.
  2. Giftcards.com has new codes for 10% off of $100 Visa egift cards. Codes to try:

    – VISASUMMER10
    – SUMMERVISA10
    – SUMMER10

    These codes don’t appear on major shopping portals so probably won’t payout, but you miss all the shots you don’t take. If you’re having tracking issues with this site, see this post and also note that all Safari desktop transactions may also currently not track with giftcards.com.

    These are Pathward cards. Several online liquidation channels for these dried up in the last couple of weeks, but there’s always a play and there’s always Kiva as a last resort if you don’t have other options.
  3. The Citi Shop Your Way Rewards Mastercard sent out mid-month offers late last week, we’ve seen:

    – 200,000 Shop Your Way Rewards points for $750+ in online shopping
    – 250,000 Shop Your Way Rewards points for $1,000+ in online shopping
    – $70 statement credit for $1,000+ in online shopping
    – $50 statement credit for $750+ in online shopping
    – 10,000 ThankYou Points with $1,000+ in online shopping

    (Thanks to MVC, Brandon F, irieriley, and Brooke)
  4. Giant, Stop & Shop, and Martins stores have 10x points on Uber and airbnb gift cards through Thursday, limit $2,000 per account. Of course with Pepper Rewards you can get effectively the same deal from home, but probably only for a couple more weeks.
  5. American Express offers has $300 back on $750 or more at Holland America through August 31. (Thanks to FM)
  6. In case you’re wondering how bad the Ultra Low Cost Carrier (ULCC) airlines are doing at meeting the current traveling public’s needs, two pieces of news will tell you: (1) On Friday Frontier eliminated change fees on non-basic economy tickets and added Euro-Business style blocked middle seats on some tickets. Then this weekend, (2) Spirit eliminated both change fees and cancellation fees on all tickets.

    Of course, you could look at Frontier’s earnings or Spirit’s earnings for Q1 2024 earnings and see it in number form. [Spoiler alert] They’re both great at losing money, and they’re both good at using accounting tricks to make the losses look less grave.

ULCC post-COVID economic models in a nutshell.

Introduction

The gift card resale market for most major bulk brands has been turned on its head recently, which has had ripple effects on the fuel points markets:

  • BestBuy, Home Depot, and other bulk rates have fallen to new lows, down 3-6%
  • Kroger fuel point rates have risen to record highs, up nearly 50%

What’s even going on? The answer with all things gift cards in 2024 always comes back to the Big Pepper Trifecta: for example, news at Stephen Pepper at GC Galore, or the Pepper Rewards app.

The Temporary New Kid in Town

What’s Pepper Rewards doing that’s disruptive? It’s right there on their web page front and center as the first text you see:

“New users even get 10% back for their first 15 days of shopping on yes… EVERYTHING!“

Pepper sells BestBuy, Home Depot, airbnb, and other gift cards, and yes with the right credit cards you earn even more rewards for buying through Pepper, so it’s easy to sell a BestBuy gift card to someone for less than normal and still take a big profit, which turned the market toward a local minima for resale rates on those cards. (Side question: What’s a new user anyway?)

Kroger fuel points supplies have fallen off a cliff because they’re normally earned by buying bulk gift cards during a 4x fuel points sale, and regular suppliers aren’t out there doing that because gift card resale rates are low. If we channel Economics 101 for fuel points: falling supply means increased prices due to supply shock.

How to Play It

In the post-modern economy, the role of FinTech companies observationally is to transfer money from venture capitalist (VC) bank accounts to consumers’ wallets, and that’s almost certainly what’s happening with Pepper. The excess supply of the $23 million in VC money invested into Pepper will dry up eventually, which probably means rather soon in practice. In the mean time, gift card resellers that want to weather the storm have a few plays:

  • Hold bulk gift cards for when Pepper inevitably runs out of money and rates rise, but sell fuel points now
  • Buy gift cards for home or business use at Kroger and sell the fuel points now
  • Switch to Pepper and forgo fuel points, and use someone’s referral link to make their day
  • Switch to another manufactured spend technique all together

There’s always a play; Always be probing.

The third pepper in the Pepper Trifecta currently skewing the gift card market.