Let’s bring this into context with the current unfortunate zig at Plastiq (from now on, let’s agree to call this the zigening). There were definitely multiple games being played, but one obvious variation was combining the Nearside Debit Card 2.2% cash back with Plastiq’s 1.85% discount from its normal 2.85% fee on debit cards for a net profit of 1.2% on payments. On Wednesday though, Plastiq started charging 2.85% which killed any deal potential.
So, let’s take the advice of internet randos and consider this an annoying opportunity to zag. Remember:
Nearside is not the only card out there
Plastiq is not the only way to pay bills
Bill payments aren’t the only way to effectively use a debit card
Note: I’ll be on a mostly disconnected vacation this week, and while I’m still planning on posting M-F, expect slower than normal responses from me. If you do write a note though I will get back to you.
Unlike most credit card issuers that deal checking accounts and mortgages, American Express’s main business is cards and it shows: They consistently have the highest sign-up bonus offers, weird authorized user offers, $19,000+ cash back offers, and of course coupon book offers galore. Let’s focus on the first of those today, sign-up bonuses.
When you visit American Express’s website to look at card options, they offer different sign-up bonuses based on:
Your browser (Chrome, Brave, Safari, Edge)
Your operating system (Windows, macOS, Android, Linux, iOS)
Where you’re coming from (mobile network, residential, business)
Whether you clicked on an ad
When you visit
Maybe a dice roll?
If you systematically vary each of the above, you’ll almost certainly find a different sign-up offer. In my quick tests, I was able to see sign-up bonus offers for the American Express Business Platinum card of between 110,000 and 150,000 Membership Rewards by switching my browser and visiting incognito through a search engine on a particular week. But then the next week, no matter which option I chose, the minimum offer for the same card was 110,000 and the maximum was 120,000 Membership Rewards.
What’s the takeaway? When it’s time for a new American Express card, make sure you try several different methods to get the best sign-up bonus. This is true of both Membership Rewards earning cards and co-branded cards like Delta, Hilton, and Marriot AmEx cards. And a final note: never assume that a link from an article will be the best offer. Experiment!
Breaking: The American Express algorithm for sign-up bonuses.
Note: I’ll be on a mostly disconnected vacation this week, and while I’m still planning on posting M-F, expect slower than normal responses from me. If you do write a note though I will get back to you.
There’s a deal that’s been floating around the travel hacking and churning underground since fall, and while it’s a bit fragile for public consumption, I have no doubt a handful of you are taking advantage of it to generate real cash-back (especially Patreons). One of the problems with the play though is that volume eventually gets you shutdown, and because the deal involves a real bank, it’s natural to assume that a shutdown applies to a person and not just to that account.
You can see where this is going from a mile away, right? Sometimes a shutdown is only tied to a particular account login, and all you need to get going again is another login. There’s rarely harm in trying to open a new account after you’ve been shutdown, so don’t be afraid to probe. You might end up with a new account and new spend limits.
This image should really be the site’s mascot. Anyone wanna print up a few mousepads?
1. In manufactured spend, usually deals don’t outright die. If they do die, they usually come back in a subtlety different way, like Season 6 Buffy. In just the last couple of weeks we’ve seen several examples:
A payment anonymizer product started working just about everywhere after failing in all of the same places for a year
In fact, most of my best plays have been taking advantage of a deal after it died, or at least after everyone said it did (and some time passed). Always be probing.
2.Emirates devalued their business class awards without warning yesterday. Any time your points currencies are parked outside of a flexible bank ecosystem like Ultimate Rewards, ThankYou Points, or Membership Rewards, they’re subject to unannounced devaluations that can make US dollar inflation look extremely tame in comparison.
At this point, the only time I’m directly acquiring airline miles other than by flying on a paid ticket are:
Credit card sign-up bonuses
As a byproduct of spending for status
Shopping portals
The devaluation risk of collecting them through any other method is too high for me. Because banks are subject to banking regulations and enforcement action from the Federal Reserve, FDIC, New York state, and potentially the SEC (to name a few), the likelihood of an overnight devaluation by 35% is small, and if it were to happen we’d likely see changes previewed months in advance.
Happy Wednesday!
Goggles to help you find deals that aren’t really dead. Ok, they’re not strictly necessary but they make you look cool, trust me.
As I’m sure you know, many applications and techniques in our hobby require a mobile phone and maybe a particular application running on that phone. When it’s time to scale a deal that needs a mobile platform, don’t let the hardware you carry around with you be a limiting factor. You probably already know that I’m a big fan of burner cell phones, but that doesn’t mean that I carry six phones everywhere I go (even though I might use six phone numbers to scale a deal).
Even if you’re not trying to scale, even a single cell phone is annoying for lots of reasons: copy and paste are hard, you don’t have a full size keyboard, sometimes you get a phone call in the middle of a transaction, or your toddler wants to play a game on your phone.
Scaling and working around mobile phone limitations is easy with three Android emulators that run on Windows, Mac, or Linux:
Set your “GPS location” to hide that you’re on The Skies over Texas for the fourth time
Use your computer’s keyboard, mouse, and monitor
Cut and paste like a human
I’ve heard from a couple of you that a barrier to using emulators is two factor authentication: when you get a text message code as part of logging into a service or for transferring a big dump of cash. Don’t let that stop you from scaling though, there’s no reason you can’t have the physical phone nearby to receive the code and then type that directly into the emulator.
Have a nice weekend friends!
Pictured: An interactive map to set your location in an Android emulator.
Literally no-one: What’s the bane of every manufactured spender’s existence?
MEAB: Great question! It could be: Karen cashiers, broken money order terminals, gift cards that have been tampered with, other customers in line, made up rules, or a dozen other things.
I want talk about a workaround for one of those banes in particular today, credit card fraud alerts.
Going on a Manufactured Spend Trip
The best manufactured spend techniques let you spend large amounts in a single transaction, but these are also the most likely to be flagged as potentially fraudulent by credit card issuers, more so if they are round numbers. In fact, if you have a $2,500 purchase at a grocery store and the bank rhymes with pretty-skank, I’d give you 9 out of 10 odds that you’re going to get a decline on the first swipe and a subsequent fraud alert that takes at least a couple of minutes to sort out.
There’s an easy way around those algorithms though; when banks think you’re on a trip they expect abnormal purchases. So before buying $2,500 worth of “kombucha”, open the bank’s mobile application on your phone and set a travel alert for the state you’re in, even if it’s the same state you’re always in. Afterword, that purchase is likely to sail right through.
Happy weekend friends!
There are at least of four banes of my existence in this image. How many can you spot?
In October I signed an LLC up for Brex using their TravelBank partner landing page (no, I don’t have a TravelBank account). The sign-up bonus through that link is 75,000 points for spending $1,000 in 30 days, which I knocked out within 24 hours of funding. Side note: You can get another 20,000 points easily by linking PayPal to Brex as your “payroll provider”, which I also did.
On Monday of this week I was looking at the “Bank Bonuses” section of my manufactured spend tracking Google Sheet and saw that 60 days had passed since signing up for the account and meeting the terms of the bonus, so I logged on to the account to make sure that the 75,000 points had posted. Spoiler alert: They hadn’t.
I double checked the landing page’s sign-up bonus terms and also that I had spent $1,000 in the first 30 days, then chatted with Brex using their live chat. It took about 10 minutes, but the support representative confirmed that I met the terms of the offer and said the points would post in 24 hours. Several hours later, I got an email notifying me that the points were in my account. There isn’t more to the story: the points were indeed in my account. Brex’s support had the meatball.
Tracking
If I didn’t have at least a tiny sliver of tracking, I probably would have forgotten that the bonus should have posted because between then and now I’ve done a dozen other sign-up or spend bonuses and it’s easy to let one slip through the cracks. It would have cost me 75,000 Brex points, which is worth at least $750 and potentially quite a bit more with mileage transfer partners.
Tracking might sound daunting, but it doesn’t have to be. Here’s what I tracked on my “Bank Bonuses” tab of the spreadsheet:
Account open date (October something, 2021)
Target (Brex)
Sign-up bonus terms (75,000 points after $1,000 spend in 30 days)
Bonus received? (No)
What’s your point, MEAB?
Make sure you’ve got at least basic tracking in some form for sign-up bonuses so you’re not letting money slip through the cracks. It’s surprisingly easy in this game to have a $500 gift card sitting on your desk that you forgot about, a spend bonus that didn’t post, a BestBuy gift card sitting in a stack that was never entered into anything, a gift card email that you marked as read and never saw again, or some other mishap. Please do at least the minimum necessary to make sure that doesn’t happen to you.
If you’re not sure where to start, The Daily Churn Podcast recently posted an episode on credit card tracking along with their Google Sheets template. If you don’t have something like that, perhaps make a copy and start your own? It could mean an extra $750 to spend on your favorite stock, or I guess you could buy 750 Arby’s Roast Beef Sandwiches if they’re running a 5 for $5 special, but that might also be your last weekend on Earth after your massive heart attack, so, ymmv.
Have a great weekend!
You don’t have to track 750 of these “beauties” to know what you’re getting.
