Author Topic: Maximize Your Churning (Bank Account & Credit Card)  (Read 2038 times)

Toad

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Maximize Your Churning (Bank Account & Credit Card)
« on: August 22, 2018, 11:56:07 PM »
So I have recently gotten myself into the world of churning and it has been quite the eye opening experience for me.  I have been aware of the travel hacking / credit card churning aspect of it for a few years but mostly just ignored it since I always thought it was essentially just for people who travel (I don't).  I started looking into it earlier this year, and in an effort to maximize the money I am making and minimize expenses, I jumped in.  After immersing myself in the new world I discovered bank account churning and jumped in there as well.  I like free money.

I did a few searches and did not find any global threads dedicated to tracking these activities and so I figured I would start one.  I think it will be interesting to see just how much money we really can generate/save from these activities.  I suspect for people that have been doing these for a long time, the profits/perks taper off as your credit and chex. reports start looking like a war zone.  In an effort to perhaps open others eyes to this world and to start us off, for this year my numbers are as follows (got into CC churning in April and BA churning in June):

Received = reward in hand
Pending = reward criterion met but reward not in hand
In progress = reward criterion not met yet
Denied = :(

Credit Card totals earned & in progress for 2018 through 8/22:
Cash: $1,480 - all received
UR Points: 178k - 53k received, 125k pending
MR Points: 325k - 55k received, 105k pending, 165k in progress
SW Miles: 116k - all received
AA Miles: 127k - 53k received, 74k pending
AA Gift Cards: $400 - $150 received, $50 pending, $200 in progress

Bank Account totals earned & in progress for 2018 through 8/22:
Cash: $1,955 - $505 received, $650 pending, $800 in progress

Fees & associated expenses: $1,570


Assuming 30% tax on the bank account totals, CC & BA cash net after expenses: $1,280

Redemptions: 23,860 SW points redeemed for $366 of travel

I don't like to assign values to points until they have been redeemed, but since UR can be redeemed directly at 1 cpp and MR can be redeemed directly at 1.25 cpp, I feel those are pretty safe valuations:

Minimum cash equivalent value of UR & MR: $5,840



So by my calculations, currently I have/have in progress in my BA/CC stash for the year:

$7,120 cash
92k SW miles
127k AA miles
$400 AA vouchers
and have redeemed to save $366 in travel expenses


Total CCs to date:
12 approved (9 business, 3 personal)
1 denied

Total BAs to date:
9 approved
2 denied (failed ID verification & ran out of time to pursue)

I intend to update my "stats" each month and encourage fellow churners to do the same.  Tax free money is the best kind, and that is what CC churning gets you.  Of course, I don't discriminate as I also accept taxable money which is what BA churning gets you.  So if you are a Mustachian and are not churning, open your eyes to the possibilities and try to top me!
« Last Edit: August 23, 2018, 12:33:36 AM by Toad »

Pizzabrewer

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #1 on: September 20, 2018, 09:25:39 PM »
I got here by following your link on KPD's thread.  I thought I was doing well (we'll net around $4 to 4.5k this year in bonuses) but you guys are killing it.

I feel like I've already picked the low-hanging fruit.  Discover savings and Capital One savings (both hyper-fast bonus payments with no min balance/no fees); TD Bank checking $300, BofA checking, M&T checking $200 (fast posting), Citizens Bank $400 (taking its time to post), Chase Sapphire Preferred ~$600 cash redemption, a couple other Chase cards (I'm now way over 5/24 and will probably never qualify for Chase cc again), etc etc.

But looking at what's left out there it's mostly checking accounts with high deposit requirements for months before bonus posts.  Plus credit cards I'm increasingly unlikely to get approval for, as I've built up a lot of hard inquiries in my credit file.  So I don't know that I can ramp up my game to your level.

Thanks for all the info.  I'm still digesting it.

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #2 on: September 21, 2018, 12:39:00 AM »
I got here by following your link on KPD's thread.  I thought I was doing well (we'll net around $4 to 4.5k this year in bonuses) but you guys are killing it.

Free money is free money.  $4k-$4.5k is certainly no small amount.  There is more risk and work to going at an accelerated pace, and I doubt it will be sustainable long term (for CCs at least) as you have indicated.  Fortunately there are a few good options to MS some CCs when letting your credit cool down.  An option I am open to as long as I can hit ~4% back after fees.  Certainly more work involved for less with that though.  Will see when I get to that point if I feel like messing with it or just taking a complete break from CCs for a while.

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #3 on: September 30, 2018, 07:42:28 PM »
Perhaps I set the bar too high since no one is joining in :P

Things seem to be slowing down for me on the CC front - 2 denials with failed recon and 2 approvals for Sept.  Probably will hold off on all CC apps. for Oct. (I say that now...).  Also starting to get denials at Chex sensitive banks, but I don't intend to slow down on that front.  Update through the end of Sept:

Received = reward in hand
Pending = reward criterion met but reward not in hand
In progress = reward criterion not met yet
Denied = :(

Credit Card totals earned & in progress for 2018 through 9/30:
Cash: $2,130 - $1,580 received, $550 pending (may possibly only be $400...unclear right now)
UR Points: 178k - 53k received, 125k pending
MR Points: 325k - 155k received, 170k pending
SW Miles: 116k - all received
AA Miles: 127k - all received
AA Vouchers: $400 - $200 received, $200 in progress
HH Points: 128k - all pending
Saks 5th Ave. Gift Cards: $50 - all in progress

Bank Account totals earned & in progress for 2018 through 9/30:
Cash: $3,680 - $955 received, $800 pending, $1,925 in progress

Fees & associated expenses: $1,963


Assuming 30% tax on the bank account totals, CC & BA cash net after expenses: $2,743

Redemptions: 44,085 SW points redeemed for $682 of travel

Assuming UR cashout of 1 cpp and MR cashout of 1.25 cpp:

Minimum cash equivalent value of UR & MR: $5,840



So by my calculations, currently I have/have in progress in my BA/CC stash for the year:

$8,583 cash
72k SW miles
127k AA miles
$400 AA vouchers
128k HH points
$50 Saks 5th Ave. gift cards
and have redeemed to save $682 in travel expenses


Total CCs to date:
14 approved (11 business, 3 personal)
3 denied

Total BAs to date:
14 approved
7 denied
« Last Edit: October 14, 2018, 02:44:12 PM by Toad »

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #4 on: October 28, 2018, 07:40:21 PM »
Update through the end of Oct.:

Received = reward in hand
Pending = reward criterion met but reward not in hand
In progress = reward criterion not met yet
Denied = :(

Credit Card totals earned & in progress for 2018 through 10/28:
Cash: $1,960 - all received
UR Points: 178k - all received
MR Points: 350k - 340k received, 10k in progress
SW Miles: 116k - all received
AA Miles: 127k - all received
SW Vouchers: $200 - all in progress
AA Vouchers: $200 - all received
HH Points: 128k - all received
Saks 5th Ave. Gift Cards: $50 - all received

Manufactured Spending totals earned & in progress for 2018 through 10/28:
Cash/Cash Equivalents: $100
HH Points: 12k
HH Free Weekend Night Cert.: 1 - in progress

Bank Account totals earned & in progress for 2018 through 10/28:
Cash/Cash Equivalents: $5,790 - $1,415 received, $3,175 pending, $1,200 in progress

Fees & associated expenses: $2,000


Assuming 30% tax on the bank account totals, CC, MS, & BA cash/cash equivalent net after expenses: $4,113

Redemptions:
51,673 SW points redeemed for $948 of travel
137,000 HH points redeemed for $1,008 of travel
25,440 UR points redeemed for $318 of travel

Assuming UR cashout of 1 cpp and MR cashout of 1.25 cpp:

Minimum cash equivalent value of remaining UR & MR: $5,900



So by my calculations, currently I have/have in progress in my CC/MS/BA stash for the year:

$10,013 cash
64k SW miles
127k AA miles
$200 SW vouchers
$200 AA vouchers
3k HH points
$50 Saks 5th Ave. gift cards
1 HH free weekend night certificate
and have redeemed to save $2,274 in travel expenses


Total CCs to date:
15 approved (12 business, 3 personal)
3 denied
1 pending

Total BAs to date:
21 approved
12 denied
1 pending

Onion

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #5 on: November 12, 2018, 10:36:28 AM »
Update through the end of Oct.:

Received = reward in hand
Pending = reward criterion met but reward not in hand
In progress = reward criterion not met yet
Denied = :(

Credit Card totals earned & in progress for 2018 through 10/28:
Cash: $1,960 - all received
UR Points: 178k - all received
MR Points: 350k - 340k received, 10k in progress
SW Miles: 116k - all received
AA Miles: 127k - all received
SW Vouchers: $200 - all in progress
AA Vouchers: $200 - all received
HH Points: 128k - all received
Saks 5th Ave. Gift Cards: $50 - all received

Manufactured Spending totals earned & in progress for 2018 through 10/28:
Cash/Cash Equivalents: $100
HH Points: 12k
HH Free Weekend Night Cert.: 1 - in progress

Bank Account totals earned & in progress for 2018 through 10/28:
Cash/Cash Equivalents: $5,790 - $1,415 received, $3,175 pending, $1,200 in progress

Fees & associated expenses: $2,000


Assuming 30% tax on the bank account totals, CC, MS, & BA cash/cash equivalent net after expenses: $4,113

Redemptions:
51,673 SW points redeemed for $948 of travel
137,000 HH points redeemed for $1,008 of travel
25,440 UR points redeemed for $318 of travel

Assuming UR cashout of 1 cpp and MR cashout of 1.25 cpp:

Minimum cash equivalent value of remaining UR & MR: $5,900



So by my calculations, currently I have/have in progress in my CC/MS/BA stash for the year:

$10,013 cash
64k SW miles
127k AA miles
$200 SW vouchers
$200 AA vouchers
3k HH points
$50 Saks 5th Ave. gift cards
1 HH free weekend night certificate
and have redeemed to save $2,274 in travel expenses


Total CCs to date:
15 approved (12 business, 3 personal)
3 denied
1 pending

Total BAs to date:
21 approved
12 denied
1 pending

Can you list which business credit cards you did and the bonus for each? I just went under 5/24 and got the cip but three weeks later applied for Chase business cash and got denied. I am looking at what other business cards I can apply for without bumping to 5/24 and then go back to Chase in a month or so and hit up other Chase business cards.

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #6 on: November 13, 2018, 12:06:04 AM »
Can you list which business credit cards you did and the bonus for each? I just went under 5/24 and got the cip but three weeks later applied for Chase business cash and got denied. I am looking at what other business cards I can apply for without bumping to 5/24 and then go back to Chase in a month or so and hit up other Chase business cards.

You need to wait 30 days minimum between Chase business apps.  You can only get approved for 1 every 30 days at most.

AMEX Business Platinum - 100k MR
AMEX Business Green - 10k MR + 20k MR (self-referral)
AMEX Business Gold - 50k MR + 20k MR (self-referral)
AMEX HH Business - 125k HH points + $100 statement credit
AMEX Blue Business Plus - 10k MR + 15k MR (self-referral)
Bank of America Business Cash - $350 statement credit
Barclays Aadvantage Aviator Business - 50k AA miles (has been up to 60k AA miles)
Chase Ink Business Preferred - 120k UR points (used mailer - no longer exists)
Chase SW Business - 60k SW miles
Chase Ink Business Cash - 50k UR points
CitiBusiness Aadvantage Platinum - 70k AA miles

Capital One Spark Cash for Business - $1k (this ones DOES report to your personal credit history and so counts against 5/24)

Onion

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #7 on: November 14, 2018, 09:27:30 PM »
Thank you

What has been your best way to meet spend requirements on amex? The rest I have down.

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #8 on: November 15, 2018, 02:47:26 AM »
I keep trying to get started in this but fail too. I have one card now a citi cash back card that pays the 1% when you buy 1% when you pay.

If you were two pick 1 card to start with and 1 bank to start with what would they be. I have put starting this for over a year now. Im always buying airline tickets but just go on Travelocity or SW website and get the best fare and put on my cit card. We also stay in hotels obviously a lot. Most of this is travel for visiting kids in college and or running kids around for soccer. So any yearly saving would be great.

Thanks,

Pizzabrewer

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #9 on: November 15, 2018, 05:49:02 AM »
I keep trying to get started in this but fail too. I have one card now a citi cash back card that pays the 1% when you buy 1% when you pay.

If you were two pick 1 card to start with and 1 bank to start with what would they be. I have put starting this for over a year now. Im always buying airline tickets but just go on Travelocity or SW website and get the best fare and put on my cit card. We also stay in hotels obviously a lot. Most of this is travel for visiting kids in college and or running kids around for soccer. So any yearly saving would be great.

Thanks,

You should strongly consider one of the Chase Sapphire cards if you do a lot of traveling.  The time to get them is now, before you've gotten many other cards as they'll deny you after you're up to 5 cards total.

With the Sapphire Preferred you get 50,000 points after $4000 in spend, worth $500 in cash or more in travel credits.  The $95 annual fee is waived the first year and they offer 12 months of 0% interest.  It's a great starter card.  The Sapphire Reserve has more benefits but a much higher annual fee (not sure, $300 or $400?)

I can provide a link to the Sapphire Preferred card if you like...   ;)

Pizzabrewer

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #10 on: November 15, 2018, 05:50:46 AM »
...and as for bank account bonuses, the Discover Savings is a great place to start.  You can get $150 or $200 signup bonus and the account earns 2.0% APY.  One huge advantage is the bonus is paid within a few days.  Many of the other bank accounts take months. 

Onion

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #11 on: November 15, 2018, 02:57:48 PM »
I keep trying to get started in this but fail too. I have one card now a citi cash back card that pays the 1% when you buy 1% when you pay.

If you were two pick 1 card to start with and 1 bank to start with what would they be. I have put starting this for over a year now. Im always buying airline tickets but just go on Travelocity or SW website and get the best fare and put on my cit card. We also stay in hotels obviously a lot. Most of this is travel for visiting kids in college and or running kids around for soccer. So any yearly saving would be great.

Thanks,

You should strongly consider one of the Chase Sapphire cards if you do a lot of traveling.  The time to get them is now, before you've gotten many other cards as they'll deny you after you're up to 5 cards total.

With the Sapphire Preferred you get 50,000 points after $4000 in spend, worth $500 in cash or more in travel credits.  The $95 annual fee is waived the first year and they offer 12 months of 0% interest.  It's a great starter card.  The Sapphire Reserve has more benefits but a much higher annual fee (not sure, $300 or $400?)

I can provide a link to the Sapphire Preferred card if you like...   ;)

Where does csp offer 0 percent 12 months?

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #12 on: November 15, 2018, 09:36:36 PM »
What has been your best way to meet spend requirements on amex? The rest I have down.

Grocery store manufactured spending.  My grocer does not report L3 data to AMEX, so it is fairly safe.

I keep trying to get started in this but fail too. I have one card now a citi cash back card that pays the 1% when you buy 1% when you pay.

The Double Cash is a great card if you are not churning.  One of the best there is for keeping it simple and not churning.


If you were two pick 1 card to start with and 1 bank to start with what would they be.

Although this is not the "simplest" place to start, I would start with the Chase Ink Preferred.  It is best to start with business cards because they do not report to your personal credit report (for the most part).  It is also best to start with Chase since they have some of the strictest limits for getting approved with regards to how many cards you have.  The Chase Ink Preferred has a standard 80k UR bonus for $5k spend which if directly cashed out is $800.  If used for travel is $1,000, or $1,200 (if you have the CSR at the time of redeeming).  It also has a fairly low annual fee of $95, and earns 3x on phone bills while providing insurance on your phones if you pay your phone bill with the card.  Yes I do have a referral for this card, however, it really is the optimal place to start.

There are some other business cards that match the CIP in terms of value, but they have higher spend requirements and/or higher annual fees --> AMEX Business Platinum -- 100k MR / $10k spend in 3 months is an offer that I have a connection who could get it for you.  This card does have a $450 annual fee though but also has some perks like a $200 airline statement credit as well as other perks.  100k MR can be directly cashed out for $1,250 although it is not straightforward to do and involves opening another card to do it.

Another good one that comes up from time to time is the Capital One Spark Cash for Business.  They actually just increased their bonus to $500 + $1,500.  The catch though is the spend requirement is $5k in 3 months for the first part and $50k in 6 months for the second part.  The annual fee is waived for the first year on this card.

My recommendation to you though would be to develop a plan and just go for it.  There are plenty of tricks that can be done to help optimize your card selection and so I would read up for a bit before starting, but the longer you put it off, the harder it gets because the banks keep introducing more rules.  I didn't know what airline or hotel I was targeting when I started out so I went for the cards with the flexible points first (MR, UR mostly).  If you are willing to, stick to business cards and Chase personal cards until you are done with Chase.  Once I figured out how to MS it became fairly clear that the best hotel for me to target was Hilton with Hyatt as backup.  American Airlines is the best airline to target because their miles are the easiest to get.  Southwest is good as well because you can get a companion pass getting the business and personal cards (plus a bit more spend).

As far as bank account bonuses -- there are so many.  Some banks are inquiry sensitive so it is best to start with those first.  As a result, for anyone that is starting churning credit cards and bank accounts, the first one you should do is Schwab.  The bonus is only $100, and it will be a hard pull to open, but you will want this account later on if you are churning AMEX cards and want to cash out MR points.  They are inquiry sensitive, so you will be shooting yourself in the foot if you start churning bank accounts and don't open them as one of the first ones.

https://www.doctorofcredit.com/charles-schwab-100-checking-account-bonus-no-monthly-fees-no-international-atm-withdrawal-fees-atm-fee-reimbursements/



Where does csp offer 0 percent 12 months?

https://www.doctorofcredit.com/chase-sapphire-preferred-now-offering-12-months-0-introductory-apr-50000-points/


If you are planning on getting the CSP I would advise to try and get both the CSP and CSR.  Chase killed the standard double dip (getting both cards in the same day).  However there is a modified version of this that is currently working (although likely will not be for much longer).  You apply for one card the first day (whichever one you want more), and then less than 24 hours later, but the next day, you apply for the other one.  Do the first in the PM -- hope to get auto-approved, do the second in the AM the following day -- hope to get auto-approved, and hope no one looks at your account.  A lot has to go right for it to work, but if you get it to work, it is the best move.

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #13 on: November 16, 2018, 02:54:12 AM »
to get the business card though don't you have to prove you own a business?

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #14 on: November 16, 2018, 02:13:51 PM »
"Maximize" is probably setting to high a bar for me, but I would at least like to get slightly more involved. I have a relatively low income, don't spend much, and I'm reluctant to do a lot of manufactured spending, so I've been scoping out cards with lower spend requirements. $1k in 3 months is easy; $3k is a stretch.

I have a 2% back Fidelity card and I've gotten the Chase Freedom and Chase Sapphire Preferred bonuses already. (Met the CSP spend with one-time travel expenses for myself and my partner, so we split the bonus too.) I've made $625 since May. Small change compared to some here, but that's why I'm here to learn where to go next.

I applied for the Bank of America card but was rejected for having too many cards open recently + not having a bank account with them, so I'm keeping an eye out for a checking offer. Since the current 5% back category on the Chase Freedom is ChasePay (which I can connect to SamsungPay, which I can use for the majority of my in-person transactions), I thought I might wait until January before directing my spending to a different card.

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #15 on: November 20, 2018, 08:58:24 PM »
I have a relatively low income, don't spend much, and I'm reluctant to do a lot of manufactured spending, so I've been scoping out cards with lower spend requirements. $1k in 3 months is easy; $3k is a stretch.

Yeah, most mustachians I figure will have a difficult time meeting the higher spend requirements organically.  Also, CA is one of the toughest states to MS in, but some areas are ok.  It would be impossible for me to go at it this hard/meet some of the spend requirements without MS so I can understand where you are coming from.

I applied for the Bank of America card but was rejected for having too many cards open recently + not having a bank account with them.

BoA is all about the relationship.  If you have an established account with them, you likely won't have as difficult of time getting approved.  I always read about BoA being inquiry sensitive and giving very low credit limits.  This was not the case with me, however I have a very well established banking relationship with them.

to get the business card though don't you have to prove you own a business?

Answering for the benefit of others.  Not exactly.  If you apply as a Sole Proprietor you do not need proof of business/a DBA or anything of the sort.  You can get an EIN to make it more legitimate, but don't need to.  You can simply apply for business cards as a sole proprietor with your SSN.

happymuzh

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #16 on: November 30, 2018, 04:03:56 PM »
Thanks for the useful thread, Toad.  As a newbie, it would be helpful if you could decipher some of the code you're using.  In particular, what is meant by:

  • UR
  • MR
  • HH
  • CIP
  • cpp

There are others that are unknown to me, but this would be a good start, to help me follow along.

Thks!

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #17 on: December 02, 2018, 01:57:11 AM »
Thanks for the useful thread, Toad.  As a newbie, it would be helpful if you could decipher some of the code you're using.  In particular, what is meant by:

  • UR - Ultimate Reward points -- this is Chase's flexible point system.
  • MR - Membership Reward points -- this is AMEX's flexible point system.
  • HH - Hilton Honors points -- this is Hilton's point system.
  • CIP - Chase Ink Preferred -- this is a business credit card with a high sign up bonus.
  • cpp - cent per point -- this is a metric used to normalize and put a value to various point systems since they are not all equal.

There are others that are unknown to me, but this would be a good start, to help me follow along.

Thks!

Toad

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #18 on: December 02, 2018, 10:02:41 AM »
Update through the end of Nov.:

Received = reward in hand
Pending = reward criterion met but reward not in hand
In progress = reward criterion not met yet
Denied = :(

Credit Card totals earned & in progress for 2018 through 12/2:
Cash: $1,960 - all received
UR Points: 232k - 178k received, 54k pending
MR Points: 493k - 370k received, 58k pending, 65k in progress
AR Points (US Bank Altitude Reserve): 55k - all in progress
PR Points (Pathfinder Rewards): 25k - all in progress
SW Miles: 116k - all received
AA Miles: 169k - 127k received, 42k in progress
SW Vouchers: $200 - all received
AA Vouchers: $500 - $200 received, $300 in progress
HH Points: 128k - all received
WoH (World of Hyatt) Points: 60k - all in progress
Saks 5th Ave. Gift Cards: $100 - $50 received, $50 in progress

Manufactured Spending totals earned & in progress for 2018 through 12/2:
Cash/Cash Equivalents: $100
HH Points: 25k
HH Free Weekend Night Cert.: 1 - pending

Bank Account totals earned & in progress for 2018 through 12/2:
Cash/Cash Equivalents: $7,140 - $2,115 received, $3,025 pending, $2,000 in progress

Fees & associated expenses: $3,400


Assuming 30% tax on the bank account totals, CC, MS, & BA cash/cash equivalent net after expenses: $3,658

Redemptions:
51,673 SW points redeemed for $948 of travel
137,000 HH points redeemed for $1,008 of travel
25,440 UR points redeemed for $318 of travel

Assuming UR cashout of 1 cpp and MR cashout of 1.25 cpp:

Minimum cash equivalent value of remaining UR & MR: $8,230



So by my calculations, currently I have/have in progress in my CC/MS/BA stash for the year:

$11,888 cash
55k AR points
25k PR points
64k SW miles
169k AA miles
$200 SW vouchers
$500 AA vouchers
27k HH points
60k WoH points
$100 Saks 5th Ave. gift cards
1 HH free weekend night certificate
and have redeemed to save $2,274 in travel expenses


Total CCs to date:
22 approved (12 business, 10 personal)
7 denied
3 pending

Total BAs to date:
24 approved
13 denied

soccerluvof4

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Re: Maximize Your Churning (Bank Account & Credit Card)
« Reply #19 on: December 03, 2018, 06:32:38 AM »
Update through the end of Nov.:

Received = reward in hand
Pending = reward criterion met but reward not in hand
In progress = reward criterion not met yet
Denied = :(

Credit Card totals earned & in progress for 2018 through 12/2:
Cash: $1,960 - all received
UR Points: 232k - 178k received, 54k pending
MR Points: 493k - 370k received, 58k pending, 65k in progress
AR Points (US Bank Altitude Reserve): 55k - all in progress
PR Points (Pathfinder Rewards): 25k - all in progress
SW Miles: 116k - all received
AA Miles: 169k - 127k received, 42k in progress
SW Vouchers: $200 - all received
AA Vouchers: $500 - $200 received, $300 in progress
HH Points: 128k - all received
WoH (World of Hyatt) Points: 60k - all in progress
Saks 5th Ave. Gift Cards: $100 - $50 received, $50 in progress

Manufactured Spending totals earned & in progress for 2018 through 12/2:
Cash/Cash Equivalents: $100
HH Points: 25k
HH Free Weekend Night Cert.: 1 - pending

Bank Account totals earned & in progress for 2018 through 12/2:
Cash/Cash Equivalents: $7,140 - $2,115 received, $3,025 pending, $2,000 in progress

Fees & associated expenses: $3,400


Assuming 30% tax on the bank account totals, CC, MS, & BA cash/cash equivalent net after expenses: $3,658

Redemptions:
51,673 SW points redeemed for $948 of travel
137,000 HH points redeemed for $1,008 of travel
25,440 UR points redeemed for $318 of travel

Assuming UR cashout of 1 cpp and MR cashout of 1.25 cpp:

Minimum cash equivalent value of remaining UR & MR: $8,230



So by my calculations, currently I have/have in progress in my CC/MS/BA stash for the year:

$11,888 cash
55k AR points
25k PR points
64k SW miles
169k AA miles
$200 SW vouchers
$500 AA vouchers
27k HH points
60k WoH points
$100 Saks 5th Ave. gift cards
1 HH free weekend night certificate
and have redeemed to save $2,274 in travel expenses


Total CCs to date:
22 approved (12 business, 10 personal)
7 denied
3 pending

Total BAs to date:
24 approved
13 denied




This is just awesome!