Editors note: I know today’s post is obtuse, and one day we’ll be able to talk about it more freely. For now if none of this makes sense to you, you’re probably not caught up in it and you likely have nothing to worry about.

Sometimes when something in the hobby blows up spectacularly there’s both direct and collateral damage. Yesterday afternoon a wave of both types struck members tied either directly or indirectly to a particular fitness group (even those working through a ‘neutral’ a third-party) and the net effect was a flurry of PayPal shutdowns in a scene that was reminiscent of a post-battle shot that you’d see in Band of Brothers.

If you’re caught up in the shutdowns: First, I’m sorry, that sucks. Second, it is possible to get a new PayPal account going using techniques discussed in Dodging the Ban Hammer. So, recover from your bad workout and get back out there just like Matthew McConaughey’s acting career does over, and over, and over again. Like seriously, so many times.

Have a nice weekend!

Look, if Matthew McConaughey recovers from looking like this, you can recover from PayPal.

  1. Kroger is having a weekend 4x fuel points promotion running Friday through Sunday on third party gift cards and fixed value Visa and Mastercard gift cards. Resale markets have nearly recovered to rates found before Kroger started banning accounts because, like the documentary Jurassic Park taught us, life will find a way. (Thanks to GCG)
  2. Plastiq has filed for bankruptcy and already has a vulture company that’s agreed to scoop up its assets, pending court approval. The payment processor was once a great arrow in the manufactured spender’s quiver, but the company’s unstated mission was to perfect the art of a slow death spiral and they succeeded spectacularly. Their bankruptcy shouldn’t be surprising ay after they failed their merger with the Colonnade SPAC which caused the SPAC to die too.

    Plastiq wasn’t without utility even as recently as this week, but maybe that’s changed. Personally I’m not going to send any further payments through the platform, but you’re all adults; do what’s best for you. (Thanks to VFTW)
  3. Chase increased the bonuses on its personal Southwest cards through June 26, and each includes a single use promo code for up to eight passengers for 30% off of a paid or award booking.

    – Rapid Rewards Plus: 60,000 bonus points and 30% off code
    – Rapid Rewards Premier: 60,000 bonus points and a 30% off code
    – Rapid Rewards Priority: 60,000 bonus points and a 30% off code

    These offers are available via referral too, so make sure you use a friend’s referral link and make their day too unless you’re referring from another player.
  4. Do this now: Register for Wyndham’s summer promotion for 5,000 bonus points on two night stays, 10,000 bonus points on three night stays, or 15,000 bonus points on four night or longer stays through September 5. If you’re a Wyndham card holder you’ll get a one-time additional 5,000 bonus points on your first stay too. Complex much?

Plastiq obviously was part of this manufactured spender’s quiver.

What defines a whale in the miles, points, and manufactured spend game? It’s hard to quantify exactly, but it’s easy to use a relative definition so let’s cheat and use one of those. For my purposes and for the purposes of this post, a whale is someone that’s spending 10x what I’m spending or more.

In my career as a manufactured spender, I’ve met dozens of whales, and the deeper I get into the hobby the more frequent my encounters become. I’ve learned something from each of them, and usually that boils down to a single lesson:

The limits aren’t usually what I thought they were.

That’s not to say that limits don’t exist, they most certainly do. Banks will shut you down when you go too hard, credit card companies often don’t tolerate heavy cycling, and too many wires or money orders can lead to the FBI, IRS, or postal inspector showing up at your doorstep (which will probably turn out to be a nothingburger, but not before you have a few sleepless nights stressed out about what might happen.)

If you’re like me though, limits are often quite a bit higher than you think, and whales can be your data-point for how much further you can push things. Whenever possible, seek out these whales and their data-points, learn from them, and step-up your game as appropriate.

I mean, you can’t tell me that this whale teacher looks less weird than your high school english teacher, and you learned something from them too, right?

Today we’re keeping it short and sweet (because you know, usually we’re super long winded around here).

  1. DoC notes that there’s a Citizens bank $300+$100 sign-up bonus, and even though it’s mentioned to only be available in certain states, let’s just say that’s not been my experience. The bonus:

    – $300 for getting $500 or more in direct deposits in the first 60 days
    – $2 back per debit transaction, up to $100 back in the first 60 days

    Obviously you should automate the second part, and possibly even find a way to trigger the first part without bugging your employer.
  2. Simon has 35% off of all fees when ordering Metabank Pathward gift cards using promo code MAY23SAVE35.
  3. Multiple reports suggest that BlueBird has throttled cash withdrawls at an ATM to $80 per transaction. I’ll be honest, I didn’t know people were still using BlueBirds at ATMs but to each their own.

Happy Tuesday!

Today’s post (in red).

  1. Meijer Stores have a promotion for $10 worth of MPerks points with a $75 Happy, Choice, or One4All gift card, limit one per MPerks account.
  2. Rakuten has 3x at Walmart in-store and in theory it’s “unlimited use”, but you do need to re-add the offer to your account an hour after each purchase. Also in theory gift cards are excluded, but, uh, yeah.

    Also, watch out for what is apparently a new trend at Walmart, because reasons. (Thanks to brykupono)
  3. Check your American Express offers for a couple of Marriott offers that should stack and are gamable:

    – $100 off of $300 at US properties
    – $100 off of $500 at North American properties

    Another option is staying at a Marriott and using these organically, but, uh, yeah again.
  4. In addition to last week’s American Express personal Green heightened offer that included a statement credit, referral links are now seeing similar offers and it seems to be widely targeted:

    – Platinum: 150,000 Membership Rewards and a $200 statement credit
    – Gold: 90,000 Membership Rewards and a $200 statement credit
    – Blue Cash Preferred: $400 cash back and a waived annual fee the first year

    Referrers are currently seeing a low of 10,000 Membership Rewards and a high of 35,000 Membership Rewards for referring.

Happy Monday!

Soon to be unleashed at Walmarts across the country. (Thanks to Country_Points)

  1. Kroger has an in-store 4x fuel points promotion on third party gift cards and fixed value Visa and Mastercard gift cards running today only. There are scalable plays in these sales, and sometimes happy accidents too. Always be probing.

    Kroger used to sell US Bank gift cards, then switched to Pathward, and now seems to be switching back to US Bank, double check what you’re getting when you buy.
  2. Kroger online has 5% off of Visa and Mastercard fixed value gift cards through Tuesday with promo code FIVE2023. The real win here is that these purchases earn fuel points, if you’re not going to use those in some way this isn’t a deal because you’re not getting special coding.

    These are US Bank gift cards.
  3. The American Express personal Green card has a historically high sign-up bonus available directly and through referral link for 60,000 Membership Rewards after $3,000 in spend in six months, but you’ll also get 20% back on travel and transit purchases for the same time period with a maximum statement credit of $200.

    Pre Dodd-Frank this was a great card to sign-up for, get the sign-up bonus, and then upgrade to a Gold or a Platinum immediately thereafter for another bonus. Now though, consumer cards can’t have an increased annual fee in the first year, so no upgrade is available until year two. It remains a way to slowly build a stable of Gold cards though after the first year. (Thanks to DoC)
  4. Staples has fee free $200 Mastercard gift cards starting Sunday and running through the following Saturday, limit eight per transaction. As always, try and run multiple transactions back to back to minimize your time at Staples stores.

    These are Pathward gift cards so have a liquidation plan in place.

A stable of American Express Gold cards located somewhere in a Kroger parking lot.

I’m sure you’ve heard that United “MASSIVELY” devalued its award ticket prices in a “disappointing“, “heartbreaking“, “major” way yesterday. Yes, it sucks, and yes you should be unhappy about the situation. But, events like this are unfortunately the most predictable occurrence in travel hacking, even more so than Frontier having another failed dartboard route or LHR imposing punitive premium cabin surcharges. We know that it’s going to happen.

One of the most interesting pieces of advice I got as an adolescent was from an investment banker with a brand new Jaguar. As 15 year old grocery clerk me loaded groceries into his trunk, he said “If you can’t make a profit when you absolutely know something is going to happen, then I don’t know what to tell you”. He was completely right and the advice is sound (he was talking about death by the way, you know, upbeat and stuff like all investment bankers).

For travel hacking, we might have to stretch the definition of profit a bit when we apply the logic to award bookings, but we can do it. Here’s how we “make a profit” when we know a devaluation is going to happen:

  • Book early, book often – if there’s a devaluation, already issued tickets don’t go up in price and most award tickets are refundable for no-fee or for a very small fee
  • Keep your points in a flexible program like Ultimate Rewards or Membership Rewards until the moment you need to book
  • Book with alliance partner miles when prices are lower
  • Don’t let your points balances grow into seven figures and beyond, and especially don’t let that happen in multiple programs (I failed here, big time)
  • Focus on cash back once you’ve got enough points for the current booking window’s trips (it turns out cash is fungible)

Happy Thursday!

Next up: Determine whether this is a devaluation. Actually never mind, I don’t care.

  1. Do this now: Register for Hyatt’s Journey Across Canada promotion for 2,000 bonus points per stay on up to 10 stays between June 1 and September 6. They really missed the mark on naming this one, I mean, “Maple Milestones”, “Poutine Points”, and “Loonie Lodgings” are all right there for the taking.
  2. Southwest has a 25% discount for paid and award holiday travel from July 3 through July 7, booked by the end of day today. Use promo code J4SAVE.

    The real question we should be asking is whether or not Southwest flys to Canada to combine the above promotion with this one? Alas, I guess we’ll never know because we’re not going to try after Hyatt’s stupid promotion name spoiled the whole thing.
  3. Citi ThankYou Points is running a 25% transfer bonus to AirFrance/KLM FlyingBlue through June 17. Use this program for:

    – Domestic economy on Delta
    – Business class to and from Europe
    – Short haul within Europe

    And, don’t forget about the program’s rotating promo awards.
  4. Check this link for a targeted upgrade to the business American Express Platinum card from the Gold or Green with 140,000 Membership Rewards after $10,000 in spend in three months. (Thanks to FM)

Hyatt’s Maple Milestones challenge coin (which doesn’t exist, but absolutely should).