Wanted to share some data for the month of September.
Credit Card Applications
There were a number of credit cards (I manage 4 people’s accounts) acquired in August that I needed to meet the minimum spending requirements:
|Credit Card||Spending Requirement||Sign Up Bonus / Credit||Annual Fee|
|American Express Blue Cash Preferred||$1,000||$250||$75|
|American Express Platinum||$3,000||100,000 Membership Rewards points + $200 airline credit||$450|
|American Express Starwood Preferred Guest||$3,000||30,000 SPG points||$0 (waived 1st year)|
|Bank of America Alaska Airlines Business||$1||25,000 Alaska Airlines miles||$75|
|Bank of America Travel Rewards (x 2 cards)||$1000 x 2||2 x $200 travel credit||$0|
|Barclay Wyndham||$2,000||45,000 Wyndham points||$69|
|Citi AA Platinum (x 2 cards)||$3,000 x 2||2 x 50,000 AA miles||$0 (waived 1st year)|
|Chase United Mileage Plus Explorer||$3,000||55,000 United miles||$0 (waived 1st year)|
* Estimated value of points using 1.5 cents/mile, 2 cents/SPG point, 1.5 cents/MR point, and 1 cent/Wyndham
Gift card purchases and sales
Since I buy and sell a lot of gift cards, it was relatively easy to meet the spending requirements for all the cards in a month. All the sign up bonuses and credits have posted, so in total, I’ve accumulated at least $4,750 worth of travel rewards/credit.
I bought and liquidated:
- $25,000 Visa gift cards → unloaded most of them to 5 AMEX RedCards
- $38,000 AMEX gift cards → used to acquire a number of gift cards for resell
I bought and sold:
- $13,350 eBay gift cards
- $7,038 Disneyland tickets and gift cards
- $4,100 Southwest gift cards
- $985 Disney World tickets
- $500 Amazon gift cards
I don’t have much time to divulge the details of my earnings for now (and not sure I will in the future), but let’s just say most of the gift cards were sold at breakeven or slightly above/below the cost of purchase. However, when you tally up all the cashback, rebates, eBay Bucks, miles, points, and other bonuses, I’m averaging about 8-10% ROI. Since the money I used to acquire the gift cards is more or less liquidated and deposited right back in the bank account, the only costs are the annual fees which amount to about $669. It is likely the cashback/rebates I’ll be receiving in the future will offset the fees as well.
My vision in running this website/business is to take the proceeds, the extra gift cards/tickets, and the miles/points to sponsor kids with severe medical condition/disability to a dream trip to Disneyland!
That’s what “The FPT (5+2) Model” is all about – turning limited resources into abundance and blessings!
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