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-   -   5x reward everywhere...Logix (obviously a catch) (https://www.flyertalk.com/forum/manufactured-spending/1598330-5x-reward-everywhere-logix-obviously-catch.html)

rismoney Jul 28, 2014 7:06 pm

5x reward everywhere...Logix (obviously a catch)
 
https://www.logixbanking.com/banking...t-card-rewards

With $2.00 minimum and max to get 5x, can this be pumped through the roof? unlimited.
Trying to come up with easiest way to get a few hundred to thousand transactions a day with minimal effort... It's a lot easier to just buy a OV and be done...

Figured I would put this out there for fun and profit at the micro level. I usually don't bother at this level but maybe there are some good use cases.

Pecan Pie Jul 28, 2014 7:14 pm

my understanding is whether you spend $2 or 20k in one transaction, you get 10 cents....unless you want to spend all day placing $2 orders or send $2 to someone, I don't think this useful

nmp0 Jul 28, 2014 7:25 pm

5x reward everywhere...Logix (obviously a catch)
 
this is why evolve limits us to 4 debit payments per account per month. otherwise we would all be paying our mortgages $2.00 at a time.

hamhead Jul 28, 2014 7:37 pm

Someone with some computer experience could create a macro to make purchases on Loyal3 is the best idea I can come up with. At some point I imagine Logix or Loyal3 would throw a fit however.

dfwgolfer1 Jul 28, 2014 7:49 pm

Reminds me of a debit card that I used to have where I earned 20 miles per debit transaction. Bought a lot of vending machine sodas...

silver4300 Jul 28, 2014 9:46 pm


Originally Posted by hamhead (Post 23273024)
Someone with some computer experience could create a macro to make purchases on Loyal3 is the best idea I can come up with. At some point I imagine Logix or Loyal3 would throw a fit however.

There was a CC with an offer of 10 cents cb per purchase. Some guy wrote a program to make lots of penny purchases on ebay. He couldn't walk away with his profits and eventually got busted.

bribro Jul 28, 2014 11:11 pm


Originally Posted by silver4300 (Post 23273551)
There was a CC with an offer of 10 cents cb per purchase. Some guy wrote a program to make lots of penny purchases on ebay. He couldn't walk away with his profits and eventually got busted.

Ahhh, the old Freedom 10&10. Good times.

Mamibear Jul 28, 2014 11:23 pm

since ebay was mentioned, maybe there's some here who availed of the Microsoft Live 30% CB up to $200 on certain items on ebay? DH and I bought coins that advertised the banner and got the maximum CB on each one. If only those type of deals would return....

andres17 Jul 29, 2014 12:22 am


Originally Posted by bribro (Post 23273789)
Ahhh, the old Freedom 10&10. Good times.

The old Freedom was better since there was no minimum at all. You could spend $0.01, and get 10 UR points worth $0.10!

payeco Jul 29, 2014 12:54 am


Originally Posted by andres17 (Post 23273986)
The old Freedom was better since there was no minimum at all. You could spend $0.01, and get 10 UR points worth $0.10!

Sad I missed this. I would have created an Automator script to buy a ton of $0.15 Amazon eGift cards for myself essentially giving me 50% CB on Amazon.

vagrants Jul 29, 2014 6:56 am


Originally Posted by bribro (Post 23273789)
Ahhh, the old Freedom 10&10. Good times.

I'm still on the 10/10 program.

What's the difference with this & Discover Cashback Checking?

pjn54 Jul 29, 2014 11:12 am


Originally Posted by hamhead (Post 23273024)
Someone with some computer experience could create a macro to make purchases on Loyal3 is the best idea I can come up with. At some point I imagine Logix or Loyal3 would throw a fit however.

Since this is a debit card as opposed to a credit card, you have several options here. One idea I have about it is to do repeated $2 transactions of the following actions: load Bluebird or Serve online, AP, Square Cash, and Venmo. This alone would allow you to do $24K or $25K per month. Obviously, if you could have a computer automate the process, then this would be a lot easier than doing each transaction manually.

My idea isn't as scalable as the OP might have wanted it to be. But, this could be a good start.


Originally Posted by dfwgolfer1 (Post 23273086)
Reminds me of a debit card that I used to have where I earned 20 miles per debit transaction. Bought a lot of vending machine sodas...

Buying a ton of vending machine sodas seems like too much work. I wonder if it's possible to send money to people in $2 increments on Google Wallet, Paypal, or with a similar service (and automate these transactions of course). Yes, there is about a 3% fee. However, you still would profit from it significantly, again, assuming there is no minimum per-transaction fee that I'm missing. If you scale it up, then only earning about a 2% profit per transaction wouldn't matter.

rismoney Jul 29, 2014 12:54 pm

Not bad...
Perhaps something like http://wiki.imacros.net/iMacros_for_Chrome can assist.
Since BB more of a pain for me now, thinking it might be a good test bed for me to use.
I might choose to randomize payments between $2 and $2.50 or something to look "unique" and as you mention, if it can scale it's all gravy.

Ayase Jul 29, 2014 2:05 pm

They probably will shut you down before you can scale.


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