Originally Posted by
Happy
Such simple math.
We've made some progress.
Yes, working this angle for cash back works like so:
Buy $500 card at Simon with 2% cash back and earn just over $10 cash.
$500 card at Simon = $3.95 activation fee
$500 card at CVS = $4.95 activation fee
Load to prepaid = $0
Money Order = $0.46
Total costs if money order is involved is $9.36, which correct me if I'm wrong, is less than $10.00.
I happen to believe that I'll make $25 per card on the Cash Back card, but if I don't I didn't lose anything but my time. I've cleared $30k in 5Bs and am working through another $10k as we speak. I've already made quite a bit of money for the time I've put into it.
I don't have an axe to grind, I don't care what you think, I know what I'm doing and I do it with as little stress as possible.
edited: And I see that the 5% hasn't posted on my cards that are 7 days out. I'm debating whether to wait or call considering there was a holiday in middle but I wouldn't think anything about someone calling after a week. It's the 48 hours and 1 second people who call that I think are making a mistake.