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5x reward everywhere...Logix (obviously a catch)

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5x reward everywhere...Logix (obviously a catch)

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Old Jul 28, 2014, 7:06 pm
  #1  
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Join Date: Aug 2012
Posts: 95
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.
rismoney is offline  
Old Jul 28, 2014, 7:14 pm
  #2  
 
Join Date: Jun 2014
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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
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Old Jul 28, 2014, 7:25 pm
  #3  
 
Join Date: Jul 2008
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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.
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Old Jul 28, 2014, 7:37 pm
  #4  
 
Join Date: Feb 2014
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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.
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Old Jul 28, 2014, 7:49 pm
  #5  
 
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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...
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Old Jul 28, 2014, 9:46 pm
  #6  
 
Join Date: Dec 2013
Posts: 546
Originally Posted by hamhead
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.
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Old Jul 28, 2014, 11:11 pm
  #7  
 
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Originally Posted by silver4300
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.
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Old Jul 28, 2014, 11:23 pm
  #8  
 
Join Date: Jul 2014
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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....
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Old Jul 29, 2014, 12:22 am
  #9  
 
Join Date: Oct 2013
Posts: 252
Originally Posted by bribro
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!
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Old Jul 29, 2014, 12:54 am
  #10  
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Originally Posted by andres17
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.
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Old Jul 29, 2014, 6:56 am
  #11  
 
Join Date: May 2013
Posts: 1,153
Originally Posted by bribro
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?

Last edited by vagrants; Jul 29, 2014 at 7:07 am
vagrants is offline  
Old Jul 29, 2014, 11:12 am
  #12  
 
Join Date: Jul 2013
Posts: 16
Originally Posted by hamhead
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
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.

Last edited by tcook052; Jul 29, 2014 at 11:49 am
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Old Jul 29, 2014, 12:54 pm
  #13  
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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.
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Old Jul 29, 2014, 2:05 pm
  #14  
 
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They probably will shut you down before you can scale.
Ayase is offline  


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