Including a signup bonus is kind of dubious, unless you are a serious churner.

In what sense is it dubious? There is nothing about CardIt's program that says the customer must setup a recurring transaction. Make four $2500 payments, spend $329, collect 40,329 miles. Game over.

Want to play again? Use this one...

With the Citi CashReturnsSM MasterCard®, you’ll earn 5% cash back on all purchases for 3 months

I consider it dubious because 99.9% of consumers don't get a new credit card every 3-6 months as required by your schemes.

Also, the 20,000 for $750 seems ridiculous to count toward CardIt because there are a lot easier ways to rack up to those $750 minimums, such as everyday spending. Personally, I would only count miles I would not have earned otherwise, and a signup bonus does not fall into that category.

We are in complete agreement. My idea is to apply for one, and only one, card. Use it for four transactions. Done. These are miles I would not have earned otherwise because it uses dollars that are currently disbursed by check, rather than dollars that are already run through another card.

It makes no difference to me whether you like the idea, but please explain if you think my arithmetic is incorrect: 40,329 miles for $329 extra dollars.

Your arithmetic is fine if you wouldn't have gotten that card without CardIt, but I personally wouldn't apply for a card just to use for a few mortgage payments when I already have enough trouble keeping my total Citi cards below their allowable limits (in terms of # and frequency of applications). There's an opportunity cost to signing up for an AA card.

Thank you for the clarification. There certainly is a case for spending $750 to collect 20,750 miles and ignoring the rest, but this is a quirk of the ineptly designed offer. In any event my purpose was primarily to illustrate a different way of thinking about CardIt as a tool for extracting value from bonus offers, without disrupting one's normal pattern of accumulation.

I play the arbitrage game of taking funds from 0% or low percentage introductory credit card offers and putting them into high-yield savings or other investment accounts. CardIt and other similar services would assist in this arbitrage game only for the C/C's that offer 0% on new purchases but not on balance transfers, and my experience has been that most cards offering 0% offer it on balance transfers, not purchases, though some offer 0% on both balance transfers & purchases. So CardIt seems to be of limited utility for this purpose.

The cardit site seems to be down now in terms of payment steps, at least for Wells Fargo. I just get a system validation error message. Jake, any problems?

So if you had a $1,000 mortgage, you could use this service and get, say, 1,000 miles, for the cost of $44.89.

Or, you could send flowers from USAir->FTD, for $45 and earn 945 miles (900+45 for card spend). - free flowers, and no worries about a new company having a mix up that ends up with a late payment and mark on your credit report.

Maybe this makes more sense for someone with a million-dollar mortgage, but not me.

We are up and running. There may have been some routine maintenance going on.

Thank you for checking with us - safe and comfortable flying everyone!

- Jake

Or, you could just BUY the miles directly from Delta for $30... :eek:

Is this service dead?
 

When I typed CardIt.com into google, the site did not appear on the first page of results. What became of it and are there other alternatives? I'm needing to meet spend on my wife's BA 100K CC. Doesn't seem like it would be good value to me for any other purpose than quickly meeting spend.

I haven't used it, but there is some talk about chargesmart.com over in MilesBuzz.
http://www.flyertalk.com/forum/miles...e-tuition.html

Wow, good question. What did happen to CardIt?

Thanks SA. I will subscribe to that thread.