Originally Posted by
pinkie621
Thanks for your response. I do already have all of the credit cards you mentioned, I only signed up for this one for the bonus (which would equal 15% return if I can turn the 31,000_ points into $300). I don't plan to use the card after I reach the $2000 minimum spend.
Back in the 5x TYP promo days 1.5 years ago, I would cash out a few grand worth via WM gc -> Visa GC -> MO. Back then WM allowed Visa GCs to be paid for with WM credit online. This got shut down late Fall of 2013, but another loophole was doing a cash-in-store payment option online for Visa GCs, then showing up at the store and unloading a stack of WM credit instead. That got canned too a year ago. Now it's hit and miss.
If you only have $300, just get credit to WM and spend it on groceries. Their prices are competitive so you don't lose any value.