Go Back  FlyerTalk Forums > Miles&Points > MilesBuzz
Reload this Page >

Squeezing every mile possible... down to cents

Community
Wiki Posts
Search

Squeezing every mile possible... down to cents

Thread Tools
 
Search this Thread
 
Old May 20, 2011 | 7:24 pm
  #16  
10 Years on Site
 
Join Date: Dec 2010
Programs: US CP
Posts: 238
Originally Posted by milesmuncher
Assuming this is indeed true (and I certainly hope it is, as I have the card too!), you could actually do much better... assuming you could find a merchant that would let you ring up a credit card charge for a $0.01 purchase
Much better, nice thinking!
tothetrail is offline  
Old May 20, 2011 | 7:28 pm
  #17  
10 Countries Visited
20 Countries Visited
30 Countries Visited
20 Years on Site
 
Join Date: Sep 2002
Location: LAX
Programs: AA PLT / 2MM
Posts: 2,145
Originally Posted by milesmuncher
Assuming this is indeed true (and I certainly hope it is, as I have the card too!), you could actually do much better... assuming you could find a merchant that would let you ring up a credit card charge for a $0.01 purchase
Go to your local grocery store and buy one slice of a basic sandwich cheese from the deli counter. With the tare, it'll come to 3 or 4 cents.
LAX_Esq is offline  
Old May 20, 2011 | 7:31 pm
  #18  
Original Poster
 
Join Date: Jan 2011
Location: East Coast USA/Asia
Programs: AA Plat /KE mc/OZ Diamond /Marriott gold/ SPG gold
Posts: 221
Originally Posted by $1500forGLD
Go to your local grocery store and buy one slice of a basic sandwich cheese from the deli counter. With the tare, it'll come to 3 or 4 cents.


anyone else wanna post their US airways reward result besides me? just to confirm things, if anyone got say like 2.01 or 2.05 charges
sunrider101 is offline  
Old May 20, 2011 | 7:34 pm
  #19  
 
Join Date: Apr 2011
Location: San Francisco, CA
Programs: UA Plat, Copa Pres. Plat, Hyatt Diamond, Hilton Diamond, SPG LT Gold, Marriott Gold
Posts: 769
Originally Posted by sunrider101
anyone else wanna post their US airways reward result besides me? just to confirm things, if anyone got say like 2.01 or 2.05 charges
Unfortunately, I just have one charge on it so far - and it was for an even dollar mount
milesmuncher is offline  
Old May 20, 2011 | 7:39 pm
  #20  
10 Years on Site
 
Join Date: Dec 2010
Programs: US CP
Posts: 238
Originally Posted by sunrider101
anyone else wanna post their US airways reward result besides me? just to confirm things, if anyone got say like 2.01 or 2.05 charges
Looks like it rounds up, or down, for me. Darn.

04/07/11 04/08/11 MUSASHI SIMI INC 105.14 105.00
04/07/11 04/08/11 TARGET 00015479 13.80 14.00
04/05/11 04/07/11 ULTA 106 25.48 25.00
tothetrail is offline  
Old May 20, 2011 | 7:39 pm
  #21  
 
Join Date: Aug 2010
Posts: 71
The merchant will typically be charged a transaction fee (fifteen or twenty cents per transaction is usual) by his/her credit card processor, in addition to a percentage of the total amount, so good luck in finding one who will permit you to make a long series of tiny transactions!
Legionayr is offline  
Old May 20, 2011 | 7:46 pm
  #22  
Original Poster
 
Join Date: Jan 2011
Location: East Coast USA/Asia
Programs: AA Plat /KE mc/OZ Diamond /Marriott gold/ SPG gold
Posts: 221
Originally Posted by tothetrail
Looks like it rounds up, or down, for me. Darn.

04/07/11 04/08/11 MUSASHI SIMI INC 105.14 105.00
04/07/11 04/08/11 TARGET 00015479 13.80 14.00
04/05/11 04/07/11 ULTA 106 25.48 25.00

so 32 is rounded up while 15 is rounded down. i guess the question is what about number in between
sunrider101 is offline  
Old May 20, 2011 | 7:52 pm
  #23  
10 Countries Visited
20 Countries Visited
30 Countries Visited
20 Years on Site
 
Join Date: Sep 2002
Location: LAX
Programs: AA PLT / 2MM
Posts: 2,145
OP's rounding suggestion doesn't seem to work with my Citi AA or Amex SPG cards.

Originally Posted by Legionayr
The merchant will typically be charged a transaction fee (fifteen or twenty cents per transaction is usual) by his/her credit card processor, in addition to a percentage of the total amount, so good luck in finding one who will permit you to make a long series of tiny transactions!
Obviously, people push the boundaries at big stores where the employees don't give a rat's arse, not small mom-and-pop shops.
LAX_Esq is offline  
Old May 21, 2011 | 7:46 am
  #24  
Original Poster
 
Join Date: Jan 2011
Location: East Coast USA/Asia
Programs: AA Plat /KE mc/OZ Diamond /Marriott gold/ SPG gold
Posts: 221
Originally Posted by $1500forGLD
OP's rounding suggestion doesn't seem to work with my Citi AA or Amex SPG cards.



Obviously, people push the boundaries at big stores where the employees don't give a rat's arse, not small mom-and-pop shops.

my amex plat, chase PC, marriott, US bank korean air doesn't work also. only the barclay US airways mastercard does.

is this barclay thing? or us airways master card thing?
sunrider101 is offline  
Old May 21, 2011 | 11:16 am
  #25  
 
Join Date: Jan 2010
Location: SEA
Posts: 179
Rounded down for me:

04/04/11 04/04/11 REDBOX *DVD RENTAL QPS 1.10 1.00
BlueDog is offline  
Old May 21, 2011 | 2:16 pm
  #26  
10 Countries Visited
20 Countries Visited
30 Countries Visited
20 Years on Site
 
Join Date: Oct 2004
Location: BZN
Programs: AA:LT Platinum DL:LT Gold UA:1P MAR:LT Titanium
Posts: 8,292
This discussion, and similar ones that have come before it, are moot unless you both have access to a card(s) that will accept dozens of charges per day, and are willing to work for miles accumulating at a rate that equates to a salary less than the minimum wage.

Let's assume that you don't even need to charge a dollar... you find a merchant willing to accept 1 cent charges. Not only this, but you either have a card that is flexible enough to allow, say 50 charges in a day, and/or you have enough cards that you can make this many charges. Let's also assume that you are efficient enough to process each transaction in 30 seconds (swipe your card, authorize, repeat). I'll also assume that you value miles at 2 cents each. With this perfect storm, you could spend 25 minutes per day earning 50 miles worth $1. That's the equivalent of making just over $2 per hour. What's that, you say? You've come up with a way to process 100 charges per day in 20 seconds each, and you value your miles at 3 cents each? That insanely rosy scenario still leaves you with 100 miles worth $3 earned in roughly half an hour, or the equivalent of $6/hour.

The bottom line: I can't see how it's worth considering this, given that 1 mile (a couple of cents to most people) is at stake each transaction, unless you can find a way to get the time required to make each one happen down to a second of extra effort and then you are able to multiply this effort by thousands of transactions over time.
mooper is offline  
Old May 21, 2011 | 2:20 pm
  #27  
 
Join Date: Apr 2011
Location: San Francisco, CA
Programs: UA Plat, Copa Pres. Plat, Hyatt Diamond, Hilton Diamond, SPG LT Gold, Marriott Gold
Posts: 769
Originally Posted by mooper
This discussion, and similar ones that have come before it, are moot unless you both have access to a card(s) that will accept dozens of charges per day, and are willing to work for miles accumulating at a rate that equates to a salary less than the minimum wage.

Let's assume that you don't even need to charge a dollar... you find a merchant willing to accept 1 cent charges. Not only this, but you either have a card that is flexible enough to allow, say 50 charges in a day, and/or you have enough cards that you can make this many charges. Let's also assume that you are efficient enough to process each transaction in 30 seconds (swipe your card, authorize, repeat). I'll also assume that you value miles at 2 cents each. With this perfect storm, you could spend 25 minutes per day earning 50 miles worth $1. That's the equivalent of making just over $2 per hour. What's that, you say? You've come up with a way to process 100 charges per day in 20 seconds each, and you value your miles at 3 cents each? That insanely rosy scenario still leaves you with 100 miles worth $3 earned in roughly half an hour, or the equivalent of $6/hour.

The bottom line: I can't see how it's worth considering this, given that 1 mile (a couple of cents to most people) is at stake each transaction, unless you can find a way to get the time required to make each one happen down to a second of extra effort and then you are able to multiply this effort by thousands of transactions over time.
Sounds like a nice little Saturday afternoon to me
milesmuncher is offline  
Old May 22, 2011 | 8:52 pm
  #28  
 
Join Date: Nov 2007
Posts: 27
I have the card, and they neither round up, nor round down... they round nearest, to the nearest whole dollar/point.

So my 69.99 becomes 70, but my 19.34 becomes 19.

From my account on the cc website... (try as I might, I can't make this table look readable).

Purchases Points Earned
739.06 739.00
69.99 70.00
53.54 54.00
8.91 9.00
23.80 24.00
19.34 19.00

Last edited by traderjo; May 22, 2011 at 8:57 pm
traderjo is offline  
Old May 22, 2011 | 9:10 pm
  #29  
20 Nights
50 Countries Visited
All eyes on you!
15 Years on Site
 
Join Date: Feb 2008
Location: Kobe, Japan
Programs: Bonvoy Titanium, IHG Diamond., Hyatt Disc., Choice Plat., UA Silver/KE/AK/DL
Posts: 1,974
Originally Posted by mooper
This discussion, and similar ones that have come before it, are moot...

That insanely rosy scenario still leaves you with 100 miles worth $3 earned in roughly half an hour, or the equivalent of $6/hour.
I was thinking the same thing. Thanks for doing the math for me!

As my UA/MP card awards 15 miles for each 1,000yen ($12) spent, I will add a pack of gum or whatever to make sure I hit my minimum if I am within 100-200.
JapanFlyerT is offline  
Old May 23, 2011 | 1:04 am
  #30  
FlyerTalk Evangelist
20 Years on Site
 
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,062
I have been approved for the US Air card and will try it when it arrives. But I have seen things like this before... the AAdvantage mall has rounded up for me many times... usually when it's over the 50 cent mark though.

But one place people could try it is this:

When I need to do my 5 monthly transactions to avoid a checking acct fee at two banks I use, I simply call my cable company (Comcast) and I stay in the automated billing section on my phone. With an ability to enter some things on the phone and press 1 or 2 and the 16 digit card number time and again in the course of a couple of minutes, I can do the five transactions for...

$1.01
$1.02
$1.03
$1.04
$1.05


I am not certain how many times my card might allow before crapping out, but this has been successful month after month for me. I've also used it to generate the 3 transactions needed to get that $50 bonus needed at ING for their online Electric Orange checking accounts. I'm not sure, but one COULD count THAT toward the 'hourly rate' of doing this. AND if one were, say, the stay at home parent or temporarily out of work, etc, then this is bonus income for unpaid time you had anyway. (that is, unless one's action of sitting there doing miles all day was preventing you from changing that diaper or filling out job apps lol)

Now, if some smart cookie were to develop some sort of techy gadget that could generate say a few hundred of these little transactions a day in some automated form, then THAT is something I might even buy AT the likes of the AAdvantage mall! (or at http://www.secretflyertalkmileagetec...thatwillruinit)

MM
Marathon Man is offline  


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.