I posted about my $20k challenge to earn 100k British Avios Points a few weeks ago. I signed up for the Chase British Airways credit card and needed to meet $20k spending requirement within the first year.
The offer was:
- 50,000 bonus Avios after the first $2,000 in purchases within 3 months of approval
- 25,000 bonus Avios after $10,000 in purchases within the first year
- 25,000 bonus Avios after $20,000 in purchases within the first year
Well, I’m happy to report that I met the $20k spending requirement, and it took me only three weeks! Matter of fact, most of the $20k were spent at Safeway! The other $1,000 were spent on miscellaneous bills.
Lots and lots of Gap gift cards
Safeway was running a promotion for 20% discount on Gap gift cards. This offer has been around a few times in the past and it has always been a great way to manufacture lots of miles/points. That’s because I can easily sell these Gap gift cards on Raise.com and other gift card exchange sites at near break-even price.
So I used the Chase British Airways card to purchase $19k worth of Gap gift cards! I also had a bunch of prepaid Visa and AMEX gift cards that I needed to liquidate, so in total I spent over $45k at Safeway this month!
In the beginning, there was a glitch in the system and the 20% discount wasn’t showing up in the total amount. I’d show the cashier the coupon on my Safeway app and they’d have to call a manager to come over. Then, it’d take a while for them to figure out what to do and eventually, they’d figure out how to manually enter a “Just for U” coupon for the 20% off. I even know what the code is and would tell them what to do! Thankfully at 10pm at night, there wasn’t much of a line but I still made a few customers behind me unhappy.
Eventually, Safeway fixed the glitch and the 20% discount showed up automatically. That made things easier and I was able to buy a lot more gift cards. Every night after work, after the kids are in bed, I’d do my Safeway run. It took me multiple trips to multiple Safeways over two weeks to acquire $45k worth of Gap gift cards. It was pretty crazy for a while, but I wanted to acquire as many Gap gift cards as I could get my hands on before the offer expired on 10/24. I practically emptied the shelf at 3 different Safeways!
130k Safeway gas points
An unexpected surprise from all the gift card purchases was the 3x gas reward points that I was accumulating! Normally, it’s 2x for gift card purchases but this month, I had a 3x offer on my Safeway card! In addition, the 3x is actually based on the gift card value, not what I paid!
For example, a $100 gift card earned 300 points while it was $80 to purchase.
So in all, I racked up over 130,000 gas reward points! That’s more than 130 fill-ups at Safeway gas stations at $1/gallon discount or 650 fill-ups at Chevron gas stations at $0.20/gallon discount (up to 25 gallons)!
That’s the equivalent of $3,250 worth of free gas!!!!!!!
I’ve earned lots of gas reward points in the past, but NEVER have I earned THAT MANY points! I think I earned myself a spot in the Guinness Book of World Records for the most number of gas points earned in one week.
That said, I’ve been giving away the gas points to people who drive big cars or willing to “caravan” through the pump (fill two cars back to back). I started a tracking list of people who have used my gas points, how much money they’ve saved, and asked them to pay it forward in some way. I hope that somehow those $3,000 worth of free gas will turn into manifolds of blessings to many more people.
In Part 3, I’ll report back on the numbers from the Gap gift card sales, all the Avios points earned, money saved on gas, gift cards I’ve given away, and my total haul for this $20k spend on the Chase British Avios credit card offer. I’ll also have more than $20k deposited back into my bank account and will have blessed many, many, many people along the ride. Literally generating abundance out of thin air. The only cost? Time.
That’s what “The FPT (5+2) Model” is all about – turning limited resources into abundance and blessings.
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