Editor’s note: I have a few straggler guest posts ready to go and a few more on the way, so for January and perhaps beyond we’ll be doing guest post Saturdays, making this a six day a week blog, or a 20% increase in content. Hooray for progresssciencemathStanley cups guest authors!.
– 10x points at grocery, gas, and Amazon for up to $1,000 in spend – 5x points at grocery, gas, and Amazon for up to $1,000 in spend – 10,000 bonus points on $110 or more in hotel bookings in 2024 – $35 back on HBO Max after $99 in cumulative spend through September 🤡🤡🤡
It’s best practice with these to use a new incognito tab for each card in your portfolio. (Thanks to TIP)
For those keeping track at home, I repriced six upcoming flights all booked in the last week. Two were significantly cheaper, two were the same price, and two were slightly more expensive.
Yesterday we discussed the Citi Shop Your Way Rewards Mastercard‘s targeted monthly for the entirety of 2024. I wasn’t targeted then, but yesterday I got my own targeted offer via email and so did others. The offers are all good once per month each month of 2024, and are for cumulative spend at restaurants, groceries, and gas. We’ve seen:
– $200 back per month on $2,000+ in spend, up to 12x – $150 back per month on $1,500+ in spend, up to 12x – $100 back per month on $1,000+ in spend, up to 12x – 20,000 ThankYou Points on $2,000+ in spend, up to 12x – 15,000 ThankYou Points on $1,500+ in spend, up to 12x
For those of you who can’t math, the best version of this offer is worth $2,400, and that stacks with other category and spend bonuses throughout the year. There’s a reason that this card is the best Unsung Hero. (Thanks to Doug, FlashStash, Brooke, jeff2486, and Tom)
Unfortunately, like the band Technotronic, there aren’t any US cities on this month’s tour. Montreal, Ottowa, and Toronto are included though, so there are still options for those of you in the Northeast (for flights, not a Technotronic concert. Sorry).
Since we missed major news items over the last two and a half weeks, it’s time to play ketchup catchup:
Do this now: Register for 5x bonus categories for rotating bonus category cards:
– Chase Freedom and Freedom Flex: 5x at groceries, gyms, and spas, $1,500 max per quarter – Discover IT: 5x at restaurants and drug stores, $1,500 max per quarter – Citi Dividend: 5x at Amazon and streaming, $6,000 max per year – US Bank Cash+: I choose utilities and electronics retailers, $1,500 max per quarter
The Cash+ currently has a measly $200 sign-up bonus, the Freedom is only available via product change, the Freedom Flex has a $200 sign-up bonus and 5x at grocery on up to $12,000 in spend, and the Dividend isn’t generally available any more.
Gaming most of these should be easy with gift card purchases at grocery stores, CVS, and Amazon. For the Cash+, look in to how your local utilities deal with card payments, especially when the payment doesn’t match the bill.
The Citi Shop Your Way Rewards card, which incidentally hasn’t been mentioned on this blog in the entirety of 2024, has a few new targeted offers that stack with other spend offers:
– 15,000 ThankYou Points per month on $1,500+ in spend at grocery, gas, or restaurant – $150 statement credit per month on $1,500+ in spend at grocery, gas, or restaurant
The Citi SYWR card isn’t just interesting for spend bonuses, especially in the face unregulated debit cards. (Thanks to Brooke)
Staples has fee-free $200 Mastercard gift cards through Saturday, limit eight per transaction. I’d say Staples is trying to make 2024 look like 2023 with this sale, except technically the promotion started in 2023 so I’m legally prevented from saying so by the Staples and Uber Eats cabal. The cabal also prevents buying these cards via Uber Eats as far as I can tell.
These are Metabank Pathward gift cards, so have a liquidation plan in place.
– $125 back on $600 or more in spend with Delta – 25,000 Membership Rewards after $1,000 or more in spend with ANA – 15% to 20% back on up to $100 in spend at Martin and Giant grocery stores
– Lower W-2 federal tax withholdings and make up for it with quarterly estimated tax payments – Overpay taxes with a credit card and wait for a refund
Don’t attempt either unless you’ve got the discipline to ride it out if you run into any issues, like the IRS delaying refunds for months or years. Remember what the 33rd president of the United States and former head of the IRS, Spiderman, said: with great power comes great responsibility. (Thanks to GodLovesFrags)
When Texas cities play ketchup, Lubbock misses the point.
Welcome back friends, and special thanks to all of the guests that covered the last two week’s worth of content while I took my first annual vacation from blogging. The feedback I got from the guest posts was unanimously positive, and best summed up by community kingpin Garth who said to me “Based on the content over the last few days, please take more vacations”. He’s not wrong.
Introduction
Now let’s get to the annual MEAB New Year tradition before we slide in to the regular short-form blog posts that litter the rest of the year like a gym floor after a red solo cup convention: A recap of travel hacking and manufactured spend in the last year with the most sophisticated, Shakespearean, high-brow form of story telling known to the modern world: Animated GIFs.
Chase told us in 2022 that pay yourself back with Aeroplan points was coming soon, and we um, patiently react when January 1, 2023 hits and we still haven’t seen it.
While the gamers game, a Chase executive reacts to excessive Pay Yourself Back on Aeroplan miles not earned through the Chase ecosystem.
The heavy hitters who cashed out millions of American Express Membership Rewards via the Chase Aeroplan backdoor don’t finish the way they envisioned.
The Chase Executive Office finally relents after repeated prodding, and heavy hitters shutdown by Chase for Aeroplan Pay Yourself Back rewards abuse come back for another fight.
Bank account bonuses feel lonely after the Fed raised interest rates repeatedly, making them nonsensical.
The feeling when that 11th (or 83rd) AmEx charge card application sails through and is approved.
The community’s reacts to American Express bringing back bonus spend offers for up to 99 employees per business card.
When a news article featuring a FinTech that just raised a $33 Million Series-A drops, we play it cool.
American Express released a +3x referral offer for Q4. We were really excited, but then discovered that gamers didn’t get the promo and were instead slapped in the face by losing the ability to refer on personal cards all together.
AirFrance and KLM’s FlyingBlue program had a day-long mistake award pricing glitch, with long-haul business class flights pricing between 1,500 miles and 13,500 miles. Almost nobody expected them to honor these fares, but they did for FlyingBlue elites that redeemed at the 13,500 mile level.
MEAB gives in after several dozen award searches for first class space on a flight to New Orleans and ends up booking a Southwest ticket when it’s the only direct flight.
A majority of the DoJ’s antitrust case against the JetBlue and Spirit merger relied on the Northeast Alliance, so JetBlue’s executive staff celebrates is the most awkward businessy way possible.
The DoJ decided to continue with its case despite the failed Northeast Alliance, and JetBlue’s attorneys respond.
Every holiday season brings us the AmEx Triple Dip where we practice counting up to three, ideally a bunch of times.
John at the Risk of Ruin podcast masterfully transforms incoherent ramblings about credit card churning and manufactured spend into something coherent and compelling.
EDITOR’S NOTE: I’m on an annual blogging vacation for the last two weeks of the year. To make sure you still have content, some of the smartest members of the community have stepped up with guest posts in my absence. Special thanks to today’s author, the always helpful and funny SideShowBob233, for writing this post while I’m on vacation. I’ll see you on January 1!
It seems like these days everyone hates on Uber, from drivers who Uber screws out of wages, to people who are sexually assaulted by Uber, drivers who failed their background check but are somehow working with Uber anyway, to people like me, who find themselves shadow-banned from Uber for an unknown reason and have their loaded gift card balances locked in Uber-purgatory™ while Uber support tells you there’s nothing wrong with your account and you should continue using it.
Since I’m a selfish type of guy (hands off my rake!) I’m going to focus on the last one of those reasons to hate Uber. Sometime in October I found myself unable to place orders on Uber. Thinking it was a glitch, I reached out to their support. Uber support is very responsive, kind of like a car with an almost dead battery. You turn the key, it makes lots noises, but in the end you’re still screwed.
I went back and forth with Uber support as they “investigated” (if you can call ignoring my support ticket while they approved serial killers as drivers as investigating) and told me it was escalated to a higher team. What I thought (and was proved right) is that the “higher team” is a description of the team. They literally smoke weed all day and do nothing else. So my case is still sitting with that team while they drive around in the Magic Mystery Machine eating Scooby snacks and I am still unable to use my Uber account (likely forever).
I’m still not clear WTF caused my ban, but there are several possibilities. One, I added a bunch of promo codes to Postmates (also owned by Uber) about a week before my ban. However, by itself I don’t think that was the issue – but rather it was coupled with a cancelled order a few weeks earlier. I ordered food on Uber eats, and about 2 minutes before it was due to be delivered, I was notified the order was cancelled by Uber support. I reached out to their support to ask about it, and they told me I cancelled it. I explained I absolutely did not cancel it and they said they’d give me a credit for the order (I actually just wanted the damn food not a credit, but I settled for a credit). I think this put me on a suspected abuser list (when my best guess is their terrible customer service cancelled my order by mistake trying to cancel a different order) and then when I added some promo codes that sealed my fate. But I’m just guessing, because their support is so bad they can’t even tell me if I’m banned. Uber gonna Uber.
While I know people normally want to be like me (as shown here):
In this case you actually don’t want to be like me, here are some tips to avoid my rake fate:
Do not use the same Uber account on multiple devices
Do not add more than one new credit card to your account every 3 days (72 rolling hours)
Do not go nuts adding promo codes (this usually will only lead to a promo code ban)
Do not have your order accidentally cancelled by Uber support (let me know if you figure out how to do this)
Do not complain after Uber cancels your order and leaves you hungry
Do not pass go, do not collect $200 (now I’m just seeing if you’re still here – shouldn’t you be out probing or something?)
I’ll end my rant here, but let me just say I will dance on their grave when Uber goes bankrupt, leaving us with memories of the Amex Uber credits and leaving Amex with a different coupon they will need to come up with.
– SideShowBob233
Pictured: What SideShowBob233 is missing by not having Uber Eats.
EDITOR’S NOTE: I’m on an annual blogging vacation for the last two weeks of the year. To make sure you still have content, some of the smartest members of the community have stepped up with guest posts in my absence. Special thanks to today’s author, my good friend Nathan, for writing this post while I’m on vacation. I’ll see you on January 1!
Spend any decent amount of time purchasing physical VISA/MasterCard prepaid or 3rd party gift cards and you’re bound to come across at least one that has been compromised. Purchasing a tampered gift card (GC) and dealing with the fallout is a seeming right of passage into the physical world of manufactured spend.Â
For the same reason GCs are useful to manufactured spenders in that they are available in high denominations and easy to liquidate, they are particularly attractive to scammers as they provide the added benefit of anonymity because all that is needed for redemption are the card details itself.
The process of compromising a GC will generally involve the scammer obtaining unactivated cards, bringing the cards to a location where they can record and/or remove essential card details, then placing the cards back on the shelves at retailers. A fraudster’s window of opportunity starts the moment after the GCs are loaded but before you or the recipient has the ability to use the funds or report the card as compromised to the card issuer.
Depending on the extent of the tampering, it may physically impossible for you to redeem / use the card since the magnetic stripe itself was tampered or the pertinent information was defaced. Other times, they will record the information and although you still have the ability to access the funds, they are hoping that they can drain the funds before you do.
Retailers and card issuers usually add hurdles to replace compromised cards and recover stolen funds. The best thing you can do is catch anomalies in the pre-activation phase, as sorting it out after can be a huge headache.
Common Card Features / Attack Vectors
Activation Barcode
Card Number / Redemption Code
PIN (for some brands, synonymous with the redemption code)
Pre-Activation Inspection
Familiarize yourself carefully with the GC you are purchasing, it’s packaging, and card features. Try to find a safe source for cards (ie. freshly stocked cards or shrink wrapped bundles behind the gift card case).
If possible, open and inspect the packaging and/or card before activating. In general:
Inspect the area over and surrounding the activation barcode carefully. Make sure the activation barcode is the original, nothing foreign is covering it, and if it was covered with a reveal tab or security sticker, it was not previously uncovered and re-applied.
Check the card number and PIN to make sure they were not tampered with. Tampering includes details being scratched off altogether or security stickers removed and re-applied.Â
Warped packaging could suggest that the package was opened and resealed.
Most manufacturers use a type of one time use glue. Glue that is too sticky or too hard is usually a giveaway that the package has been tampered with.
If the activation barcode is separate from the card number itself (common with popular brands such as Apple and Best Buy), there will often be an identification number on both pieces, make sure these numbers match to indicate the card wasn’t swapped.
If the brand utilizes sequence numbers, a card out of sequence could indicate that cards were planted.
When scaling, examining each card carefully can slow you down. If you determine one card from a batch is fine, the rest of the cards from that batch are more likely to be safe.
Generally the register will show the last 4 of the serial number of the GC that will be activated. Make sure this matches with the serial number printed on the packaging as they are scanned in.
Activation Issues
If you discover you have a compromised GC after purchasing, act immediately. If you have access to the card details and/or the mag stripe hasn’t been tampered with, make it a priority to spend or use the funds as soon as you can. If you don’t have a quick liquidation plan in mind, contact the card issuer or the retailer as soon as possible. Usually the retailer will defer to the card issuer, but depending on the retailer and manager, they may be able to help you replace the card.
If a GC was purchased with a swapped barcode, you can use a barcode scanner (in a pinch there’s a free online version at https://online-barcode-reader.inliteresearch.com) to help determine which card the funds were routed to.
If you had activation issues and multiple cards were involved, make sure you leave the store with the correct cards as they can easily be confused.
– Nathan
Not all scam gift cards are easy to spot, watch out for this one before it bites you in the, err, foot.
EDITOR’S NOTE: I’m on an annual blogging vacation for the last two weeks of the year. To make sure you still have content, some of the smartest members of the community have stepped up with guest posts in my absence. Special thanks to today’s author, the consummate churner TeddyH, for writing this post while I’m on vacation. I’ll see you on January 1!
2024 is rapidly approaching, and while that may be disappointing news for some of you who have been getting fat from all the Q4 offers, for many of you it may mean some good news: a new Player may be turning 18.
Of course, it’s not all sunshine and rainbows: churning while new to credit is like trying to take public transit in Lubbock, TX (aptly called the Citibus!)
I moved to the U.S. when I was 12 with no other family members, so when I turned 18, I had to start my credit from scratch. When I first got my SSN, I was declined for even the most basic credit cards. But while I was trying to figure out what cards I could get approved for, I ended up discovering churning. With the right moves, even I was eligible for high sign-up bonus (SUB) offers from elite credit cards after just a couple of months of credit history.
In this post, I will try to break down a guide to churn while new to credit based on my personal datapoints (DPs) as an immigrant as well as my other players.
1. First Day: Preparations
While it is possible to get into this game without a Social Security number, your options will be VERY limited. If you cannot get an SSN, try for an ITIN, which can be obtained by gambling.
2. First Month: Your First Card
While many people believe that the Chase Freedom Rise or the Discover It are great first cards to begin with, I invite you to think bigger: the personal Amex charge cards. Here are some almost concerning DPs:
P1 getting approved for an Amex Personal Gold with 2 months of credit history – no FICO score!
P2 getting approved for an Amex Personal Platinum WITHOUT a Social Security Number – will talk more about this later
P3 getting approved for an Amex Personal Gold on a 3-day-old SSN with nothing but an Amex AU
At this point, I don’t even think Amex bothers checking for a pulse when approving credit lines for their charge card products. Amex will, however, expect to see a valid credit report when they perform a hard pull, so your new player must have something on their credit file. An Authorized User card, especially an Amex AU, is a great solution without sacrificing their 5/24 slot.
If you are first-generation and don’t have someone who can add you as an AU, go for the Discover It rather than the Freedom Rise. My rationale as to why:
10% rotating categories up to $1,500 and a $100 SUB is better than even the most 7-ft-man-with-an-affiliate-link-inflated valuation of Ultimate Reward points
Your oldest account remains safe even in the case of a Chase shutdown as your Discover is likely to have less than $500 in shenanigans per month
You can request a credit line increase every single day, online, with no harm. This will help with later Chase apps as banks like to beat other banks’ credit lines.
If you start with a Discover, wait until your second statement cuts before trying Amex to ensure Discover posts to your credit report. Then move to step 3/4.
3. 3 Months In: Patience is Key
By now you’ve probably finished your Amex Gold SUB and your hands might be itchy for some more apps. But there is a crucial Amex velocity limit you should be aware of when you are new to credit: 1 card before 6 months of credit history.
AmEx will grant you one credit line before you have a FICO score, but won’t approve you for any more without proof of income until you actually receive a FICO score (6 months of history).
This 4506-C form to prove your income through your tax returns is a huge PITA and you probably don’t have good enough income to show them if you are new to credit (as you’ll need a tax return to show for it) so I would wait until you are 7 months in for your second AmEx.
4. 4-6 Months In: Stepping into Chase Territory
Many points-and-miles bloggers point out how conservative Chase is at approving cards to those with a thinner credit file. While this is true, there is one simple trick that the Chinese churning community found that breezes past the Chase applications. Before I tell you though, I need to wait for SideshowBob233 to walk into the rake I placed.
Okay, now that he is unconscious for a bit, let me quickly tell you the simple trick: open a Chase deposit account and deposit $10,000 to $30,000 into it. It only takes 2-3 business days for the credit card side of their systems to catch on to the fact that you have a large deposit account, which in turn allows you to breeze through the application process. DPs are showing that your initial credit line on the Freedom products will usually be under $3k, so I wouldn’t try for a Sapphire here. I personally put $30k in an account and got a $3k line for the Chase Freedom Unlimited with 5 months of credit history (still without FICO!). If I were to do it all over again I would have waited a month and jumped to the Chase Sapphire Preferred, as 6 months of history will give you a FICO score.
You can withdraw the funds immediately after card approval, and close the account shortly after, or within 12 months if you also hit the bank bonus with it. Whatever you do, listen to Sideshow and don’t pull shenanigans while you have a deposit account with them. I have just been maxing out my credit line at CVS without cycling, and then paying it down quickly.
5. 8-9 Months: “I’m not a businessman, I’m a business, man”
By now you should have a FICO score and be past the Amex pre-FICO velocity limit. From here you can start applying for AmEx business cards. If they ask for income verification or deny you, don’t worry, just apply again next week. While you may think that this non-stop application and denial may seem concerning to AmEx, people who cancel applications because of Pop Up Jail do the same thing so they are used to this. Eventually, you will see an approval, either instant or through a simple identity verification. In my case, they wanted my social security card and they approved me even though my card said “valid with work authorization only,” in typical Amex fashion.
Tip: If you are having trouble getting approved for the business cards, try applying for the Biz Checking (and get the SUB!). That helps the Amex Biz applications sail through as well.
After approval, you can immediately get started on the employee offers. You’ll need those to keep you occupied since you’ll still be quite limited on card approvals until you are 12+ months in.
12 Months+: Fourteen Million, Six Hundred and Five Possibilities
Okay, maybe Dr. Strange was exaggerating when he said that, especially if you’re planning to stay under 5/24. If you still kept your Chase account, there are DPs of Chase Sapphire Reserve approvals with a 12-month history, as well as various data points for INKs and cards from other issuers as well. If you are curious about your chances, check out the myFICO forums for various approval DPs and even better, the US Credit Card Forum in Chinese, as many there start with a fresh credit file. I like to Google Search the card name along with “uscardforum” and translate the results. Know that at the end of the day, you can just eat the hard pull and your confidence will pay off with a thick and stable credit file in years to come.
So there you have it. A one-year, five-step guide for a new player to the game. Good luck!
EDITOR’S NOTE: I’m on an annual blogging vacation for the last two weeks of the year. To make sure you still have content, some of the smartest members of the community have stepped up with guest posts in my absence. Special thanks to today’s author, the always helpful and funny SideShowBob233, for writing this post while I’m on vacation. I’ll see you on January 1!
Check kiting is an old fraud practice that is no longer as useful as it once was because balances can be verified in real time by some services. So, yours truly was sure surprised a couple of years ago when I called my hub bank to find out why my bank account was locked, and they told me it was closed because of “ACH kiting”. I asked what that was and the nice, friendly lady who was shutting down my account explained that it was the practice (similar to check kiting) of moving money out before it has cleared for the purposes of fraud. As I had not done this, and none of my ACH transfers had actually failed or been recalled, I asked why they were accusing me of this. She gave me a non-answer along the lines of “we heard this from a different bank but will not disclose who” and it suddenly made sense (can you picture the light bulb going off above my head, causing my flaming red hair to catch fire, set off the sprinklers, and pissing off my whole family?)
I had been using my hub bank as – surprise! – a hub, meaning I was transferring funds from a target account (back in the days when Walmart had bill payment in their app) to my hub bank and then sending them on their merry way back to wherever they were needed. While this was a terrible idea (see my EWS commentary on why using personal accounts for ACH is terrible) when one of my banks was shut down, they apparently called my hub and told them I was ACH kiting. Strange considering none of my ACH transfers ever failed, but they clearly didn’t understand why I was doing it and decided it was fraudulent. I can see why they might have felt this way given my practice of pulling funds a day or two after they arrived. At the same time I’d run probably $2M through their account by that point, so you’d think if I was going to pull my scam I’d likely have done it already, but compliance folks have to make themselves look useful somehow I guess.
In the good old US of A, ACH is handled over network connections with cups and string (see below), and those strings sometimes break (ask PaymentUS about this). Now most countries that also provide free healthcare (some with death panels – looking at you Afghanistan – some without) have instant ACH, but you wouldn’t want your money right away when you can get it in three business days would you? So we will love our cups and strings and enjoy our 3 day fund clearing, but know that our bank infrastructure is the best in the world, if by best you mean worst.
Since those fateful and fun days of yore I’ve learned a lot and I let funds sit for 3 full business days before moving them on their journey, unless I’m using a bank account where they understand money won’t sit in their account forever and they tolerate this (you can rake taek this however you want). That and moving all your funds only between business accounts except when absolutely necessary are keys to avoiding my fate.
Not this fate (who’d want to avoid this anyway!):
