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Looking for extra income - Manufacture Spend - how much realistically

aaba78 5,121 1,364 December 11, 2015 at 12:41 PM
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Last Edited by aaba78 December 11, 2015 at 12:44 PM
do you think its possible to make an additional $400.00 MSIng cash per month? what can i realistcally make and how to go about it..what card to use..

do not count sign up bonus...strictly MSing..any ideas

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#2
Yes just churn $20k
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#3
Quote from flatlight View Post :
Yes just churn $20k
but how can you give tips? what credit card
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#4
do you think it's possible to to make an additional million dollars per month through churning?

Yes just churn $50 million.
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I'm looking for Discounted DELL PROMOTIONAL GIFT CARDS. Please PM me.
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#5
Quote from aaba78 View Post :
but how can you give tips? what credit card
Buy $20k worth of stuff, resell $20k worth of stuff for $20k+
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#6
Quote from flatlight View Post :
Buy $20k worth of stuff, resell $20k worth of stuff for $20k+
like what stuff? what do you suggest
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#7
try coke on the silk road
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#8
Get CCs that offer extra cash back if you spend X amount per month/quarter/year.
Buy enough gift cards with the CCs to cover the required spend.
Sell the gift cards - eBay, CL, Cardpool, GiftCardRescue, etc. (lot's of them)
Pay off your CCs with proceeds.
Rinse and repeat.

VERY basic explanation - lots of nuances - need to deal in large sums to make it worthwhile.
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#9
using Citi dcb card with 2% CB on everything, it's easy for me to generate at least $800/month. I make it a point to pay all charges on or before statement cut so that I know exactly how much CB I'm going to ACH transfer to my bank account soon as statement posts. This is only one card, I also get average of $400 from amex blue cash card (have 2 cards so another $800). This isn't counting the URs I earn on INK+ and Freedom cards which I save for travel.

I live in MS friendly area where competition is very few, if any and I have the luxury to choose the VGCs with the lowest fees without having to worry if someone will wipe them out at any time.
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Quote from aaba78 View Post :
like what stuff? what do you suggest
Coins from the US Mint Wink
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#11
Quote from mamabear209 View Post :
using Citi dcb card with 2% CB on everything, it's easy for me to generate at least $800/month. I make it a point to pay all charges on or before statement cut so that I know exactly how much CB I'm going to ACH transfer to my bank account soon as statement posts. This is only one card, I also get average of $400 from amex blue cash card (have 2 cards so another $800). This isn't counting the URs I earn on INK+ and Freedom cards which I save for travel.

I live in MS friendly area where competition is very few, if any and I have the luxury to choose the VGCs with the lowest fees without having to worry if someone will wipe them out at any time.

can you provide a step by step of making $400...your post seemed most informative...

new to ms so would like some details
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#12
Quote from aaba78 View Post :
can you provide a step by step of making $400...your post seemed most informative...

new to ms so would like some details
without knowing where/how you spend your money, that is the most I can share. All I can say is that my experience with MS is highly dependent on local opportunities. While there are areas with stores and drugstores that are very MS friendly, there are those so called MS wasteland. The first thing you have to do is explore your area to check stores, drugstores and gas stations that sell giftcards and most important, if they accept CCs for them.
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#13
Quote from mth5221 View Post :
Get CCs that offer extra cash back if you spend X amount per month/quarter/year.
Buy enough gift cards with the CCs to cover the required spend.
Sell the gift cards - eBay, CL, Cardpool, GiftCardRescue, etc. (lot's of them)
Pay off your CCs with proceeds.
Rinse and repeat.

VERY basic explanation - lots of nuances - need to deal in large sums to make it worthwhile.

I don't see how this is productive for long. Lots of GC's have very negative returns.... maybe WM and Amazon with the higher redemption amounts, but just about everything else you are taking at least 10-15% hit on FV just on the resale. That's HORRENDOUS.

Googling the "best" CC bonus offers and picking one that has a relatively easy cash redemption value, you can get the AE Platinum card [americanexpress.com], 40k pts with $3k in purchases (in 3 months). That 40k pts is worth about $500 pure cash out [rewards2cash.com]. If you lose 10% on your GC purchase/resell idea, that's $300 down the tubes, netting you $200, not to mention whatever risk there is in selling GC's (especially on ebay). [@ Cardpool, WM physicals are 93% of FV FWIW]

OK so you have $200 in your pocket, you burned your AE bonus, and you have to cancel the card within a year or get hammered with the $500 AF.

Chase UR Sapphire is 50k pts with $4k spend, which they value @ $625 in travel. Same story except now you're dumping $400 in transaction costs getting you $225 at the end of the day, in "travel" - how that's monetized probably isn't much better than 1:1, if at all.
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#14
Quote from aaba78 View Post :
can you provide a step by step of making $400...your post seemed most informative...

new to ms so would like some details
if I'm not mistaken, I've sent you link to Flyertalk, there's wealth of info over there if you want a step by step process. I had to read for six months to understand what the pros are doing and started experimenting wherever I go before I ramped up to high volumes. Since I don't have a flexible schedule to travel at anytime, I now have more miles/hotel pts to use so I am just focusing on CBs which I cash out monthly.
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#15
Ive gotten all the credit card bonuses..you name the credit card..i have it ..i got like 25 credit cards each spilt between me and my wife, freedom, saphire, all amex, cards, delta, capital one...its now hard to get sign up bonus since we basically have all teh credit cards... ID like to get into MS i just want to do just a little at a time and see where it goes...
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Last edited by aaba78 December 14, 2015 at 10:31 AM
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