Thursday, December 18, 2014

Chime Prepaid - Free $5 Amazon Gift Card - Targeted?

Disclaimer: I receive a referral commission for the following link(s) and I greatly appreciate supporting the site: Chime

If you signed up for a Chime prepaid card, check your email for an offer for a $5 credit when you spend $5 at Amazon by the end of tomorrow.  This includes Amazon Gift Cards.

Don't have a Chime account?  Sign up with my referral link and we will both get $10 added to our Chime accounts!

Learn more about Chime here.

The offer looks like this:Spend the holidays with Chime and get $5 cash back anywhere when you spend $50 or more this weekend

I got an email for my account and my wife's account:.  5 minutes after I bought a $5 Amazon Gift cards I got an email from Chime confirming that I will be getting $5 back.  $10 of Amazon Gift Cards at no fee?  Not too shabby!

Wednesday, December 17, 2014

Lord of the Rings Free from Google Play

Lord of the Rings

Update: Dead!

Lord of the Rings Free from Google Play today only.  "Buy" it today and you will have it forever.

Monday, December 15, 2014

American Express Membership Rewards 40% Transfer Bonus to British Airways Avios Miles

As has been reported in a few sites, like here, here, here, here, here, here, here, and of course, here,  American Express Membership Rewards points can be transferred into British Airways Avois Miles with a 40% bonus until the end of January.

This means that if you transfer 1,000 points, you will get 1,400 miles.  Not too shabby!

This is pretty awesome timing for me since I just used my last Avios miles on a vacation and I also just signed up for an American Express Business Gold card with an 75,000 sign up bonus that can turn into 119,000 Avios miles.  That's a pretty hefty replenishment.

Keep in mind that the sweet spot for British Airways flights are short distance Domestic flights since their award chart is distance based, but if you use the bonus correctly and you follow this post from Dans Deals you may be able to fly from New York to Tel Aviv roundtrip with slightly less than 43,000 Membership Reward points via Air Berlin.

American Express Personal Gift Cards - Increased Maximum to $10,000

American Express Gift Cards are my favorite way to hit a spending threshold on a new credit card because the time to reward ratio is very high.  Between buying American Express gift cards and cashing them out, it will usually take me about less than half an hour.

This is only true when you can get cashback from a Shopping Portal like Top Cashback.  If you can get at least 1.5% cashback, you will have very little out of pocket expenses in cashing them out.  If the shopping portal is paying 2.25%, like Top Cashback did last week and the week before, you will actually have a slight profit on a 1% card and hit your spending threshold.

It used to be that American Express limited you to $5,000 of personal gift cards per 15 business days.  That limit has now been increased to $10,000!  

For example, I recently signed up for an American Express Business Gold credit card that gave me 75,000 Membership Rewards points for spending $10,000 in three months.  One can then "buy" 85,000 points (75,000 sign up bonus + 10,000 after spending $10,000) for $65 out of pocket expenses when Top Cashback was at 2.25%.  I would buy miles at that rate any time.

These points can now be worth 119,000 British Airways Avios points with the current 40% bonus transfer.

Keep in mind that anything over $5,000 requires a signature at the time of delivery.

Thursday, December 11, 2014

American Express Gift Cards - 2.25% Cashback from Top Cashback - Today Only!

Disclaimer: I receive a referral commission for the following link(s) and I greatly appreciate supporting the site: Top Cashback

This deal happened about a week ago and it is back.  Hopefully it becomes a weekly trend!

Until the rest of 12/11, Top Cashback is offering 2.25% cashback for buying American Express Gift Cards. This is a very good sign considering there was a time when American Express Gift Cards disappeared from all the shopping portals.

American Express Gift Cards have long been one of my best buds in the manufactured spending world. Unfortunately, with the demise of Amazon Payments, they are far less useful, but they still can have their uses.

Why Can I Do With This Deal?

The maximum you can buy per person is $10,000 per 15 business days (this is new). If you purchase more than $5,000, your shipment will require a signature upon arrival.  If you bought $10,000 last week, you are out of luck for this week.  2.25% is $225 cashback from Top Cashback. Purchase fees and shipping fees come out to $24.75.


Before I get into any heavy math, I will give you a preview of what you will get:

  1. 4.2% cashback everywhere or $135.50 with a Fidelity American Express.
  2. Meet a spending threshold and make $35 on a 1% cashback card
  3. "Buy" your favorite miles for under a penny per point.

1) Fidelity American Express

  • 2% cashback everywhere. For a $10,024.75 order, this comes out to $200.50 from Fidelity and $225 from Top Cashback. After fees, this comes out to about $425.50, which is 4.2% cashback to spend anywhere. Not too shabby!

2) Meet a Spending Threshold

  • Recently signed up for a credit card and need to spend money to get the bonus? Me too! You can buy these gift cards to put money on your credit card now and use these gift cards over time.
    • Assuming your credit card gets 1% cashback on every purchase, you will get $100 cashback from your credit card and $225 from Top Cashback for a total of $325 after fees or 3.2% cashback while meeting a spending threshold at the same time.
3) Buy Miles Cheaply
  • You can take this as an opportunity to buy 10,000 miles on your favorite credit card for a very cheap price. You would want to cash out the gift cards to make it worthwhile. That comes next.

Using American Express Gift Cards

What should you do with these gift cards once you buy them?

  1. Spend them like an American Express credit card. You can buy three $3,000 gift cards and one $1,000 card. I recommend not using them on any purchase that you might want to return so that you don't have to keep track of them later.
  2. Cash out. I don't know of any way to do this cheaply. You can use Google Wallet to send money to a friend (read: my wife) who can then withdraw to a bank account. This costs a whopping 2.9% or $290. You will keep about $9,710 of the $10,000.
    • With Fidelity American Express you will end up keeping about $135.50 for about half an hour of work.
    • If you are meeting a spending threshold on a 1% card, you will be $35 ahead and still be $10,000 closer to your target
    • If you are buying miles, you will be getting 10,000 miles at a fee of $0.0065 per mile.
      • You are "buying" 10,000 miles for $65 after fees

No promo codes! Your cashback from Top Cashback will be invalidated.