Author Topic: Easy Way to Manufacture Spend - Minimum 3k free per couple  (Read 8954 times)

boarder42

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Easy Way to Manufacture Spend - Minimum 3k free per couple
« on: August 11, 2016, 12:29:49 PM »
Square just launched a new promo where in you can sign up for their processing services thru a referal link and you get 1k in free processing.  Easy way to get 1k in spend on a card for free.  Drops directly in your bank account.

Secondly for each person you refer during the promo you get an additional 1k in processing for free. So refer your wife/husband once you sign up and get 3k in spending for free!!

I have a referral link if anyone wants to PM me for it dont want to blast it on here.

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #1 on: August 12, 2016, 09:52:33 AM »
Through the end of the year, RadPad will allow you to pay rent via the Android App with no credit card fees:

https://blog.onradpad.com/androidpayradpad/

boarder42

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #2 on: August 12, 2016, 10:45:30 AM »
hopefullly they come out with that for mortgage soon too!

turketron

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #3 on: August 12, 2016, 11:01:29 AM »
For the Square promo-so you're essentially just charging yourself $1000 using a credit card and the "payment" goes right to the bank account you hook up to the Square vendor account? I'd love a referral link if you've got one. Is there anything in Square's TOS about not paying yourself like this?

a plan comes together

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #4 on: August 13, 2016, 02:03:27 PM »
following.

turketron

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #5 on: August 13, 2016, 09:32:17 PM »
Thanks for the referral link Boarder! Waiting for my card reader to come in the mail and I'll post back here to let everyone know how it turns out.

themagicman

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #6 on: August 14, 2016, 07:18:37 AM »
Sounds easy enough! Can someone send me a referral link as well?

Paul der Krake

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #7 on: August 14, 2016, 07:28:35 AM »
Through the end of the year, RadPad will allow you to pay rent via the Android App with no credit card fees:

https://blog.onradpad.com/androidpayradpad/
Mustachian problem: my Android phone isn't recent enough to support Android Pay. I'm missing out on an easy $5k of MS :/

Clean Shaven

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #8 on: August 14, 2016, 08:52:26 AM »
Sounds easy enough! Can someone send me a referral link as well?
Sent. Thanks!

MrFrugalChicago

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #9 on: August 14, 2016, 01:02:58 PM »
Braintree gives first 50k processing free.

I suspect if you just spend it on yourself they will hold your money for fraud reasons and bad times though.

I don't think abusing payment processors is frugal. It's shady and unethical. Could just take money out of free penny cups while you are at it.

themagicman

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #10 on: August 14, 2016, 07:07:36 PM »
Braintree gives first 50k processing free.

I suspect if you just spend it on yourself they will hold your money for fraud reasons and bad times though.

I don't think abusing payment processors is frugal. It's shady and unethical. Could just take money out of free penny cups while you are at it.

I would not call that abusing payment processors. They are giving away a portion of their service to get you to use it going forward. They make the same money if the payments are made by you or a legitimate transaction. If anything you are abusing the credit card company but I do not think you are doing that either

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #11 on: August 15, 2016, 06:47:44 AM »
Through the end of the year, RadPad will allow you to pay rent via the Android App with no credit card fees:

https://blog.onradpad.com/androidpayradpad/
Mustachian problem: my Android phone isn't recent enough to support Android Pay. I'm missing out on an easy $5k of MS :/

You could possibly score a cheap $50 Android tablet from ebay, use it to pay rent through the end of the year, then sell it back on ebay.

Derrian

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #12 on: August 16, 2016, 07:31:41 AM »
Anyone have a free referral link?

Polish_Hammer

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #13 on: August 20, 2016, 08:29:53 AM »
Anyone have a free referral link?

PM me and I will send you a referral link

Paul der Krake

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #14 on: August 20, 2016, 08:41:19 AM »
In related news, the hammer is really coming down on MS these days.

Does anyone else have their MR points being held hostage?

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #15 on: August 20, 2016, 10:08:24 AM »
In related news, the hammer is really coming down on MS these days.

Yep.  Manufactured spending has lately become a hassle.  First Redbird
died, then Serve.  A lot of the low hanging fruit has been picked.

Quote
Does anyone else have their MR points being held hostage?

Not yet.  I've even got Amex targeting me for their regular Platinum
after I closed my Ameriprise Platinum.  I'm hoping one day we'll again
see the regular Amex Platinum with a 100K (or even 75K) MR bonus. 

Are your MR points in suspension?  FR?

Paul der Krake

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #16 on: August 20, 2016, 10:14:07 AM »
Are your MR points in suspension?  FR?
They've been frozen and cannot be transferred out. There has been a wave of clawbacks in the last 24 hours, but it looks like I have been spared so far. Going to lay low for a couple weeks and hope it sorts itself out without drawing attention to my account.

boarder42

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #17 on: August 20, 2016, 10:58:23 AM »
Serve still works for me and money orders

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #18 on: August 20, 2016, 12:34:07 PM »
Serve still works for me and money orders

I survived the first round of Serve closings, but got shut down during the
second round.  Money orders are still working, but a bit of a hassle.

arebelspy

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #19 on: August 20, 2016, 02:59:31 PM »
I was thinking 3k/mo.. this is one time?  So basically one CC worth?  Not bad, but not super useful for major churning.

Good if you just dabble in travel hacking and only sign up for a card every 4-6 mo., but need to hit spend because you're Mustachian and just don't spend that much.

Thanks for the heads up though boarder!

Following for further developments.

Anyone interested in this should PM him for the referral link!  :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

boarder42

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #20 on: August 21, 2016, 05:58:54 AM »
3k per month would be better but it's good for one time. Also not awful if you don't have any other avenue to spend a few bucks last minute on a card

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #21 on: August 25, 2016, 02:34:33 PM »
Serve still works for me and money orders

I survived the first round of Serve closings, but got shut down during the
second round.  Money orders are still working, but a bit of a hassle.

@boarder42: Just a heads up. The fourth round of Serve shutdowns hit today.

boarder42

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #22 on: August 25, 2016, 02:41:36 PM »
yeah i know i just got shutdown.  oh well always money orders.

TheAnonOne

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #23 on: August 26, 2016, 01:24:47 PM »
Is MS really that needed? 3k in 3 months should be trivial even for people here... We churn cards A LOT (17 in 2 years) on spending alone.... we spend probably 40-50k a year but even at half of that its still a card every other month or so.

turketron

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #24 on: August 26, 2016, 01:51:08 PM »
Is MS really that needed? 3k in 3 months should be trivial even for people here... We churn cards A LOT (17 in 2 years) on spending alone.... we spend probably 40-50k a year but even at half of that its still a card every other month or so.

Yes? Lowering spending is as much a part of Mustachianism as earning more money.  My total spending last year was just over $18k, ~$9k of which was rent, which I can't pay with a credit card. I typically have less than $1k/mo of purchases that can be bought using a CC, and in some months it's barely a few hundred dollars.

boarder42

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #25 on: August 26, 2016, 01:56:06 PM »
yeah MS is necessary when you do about 4x as many cards as that and i also use it to get free money to the tune of 2k per card per year on the amex old blue... also i MS to get a companion pass to the tune of 110k per year and i make a little money in that process.

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #26 on: August 26, 2016, 03:15:33 PM »
Is MS really that needed? 3k in 3 months should be trivial even for people here... We churn cards A LOT (17 in 2 years) on spending alone.... we spend probably 40-50k a year but even at half of that its still a card every other month or so.

Outside of an unexpected expense, I can "naturally spend" about $500/month
(mostly groceries and gas), otherwise it's a stretch.  Thanks to the tighter bank
rules (Chase 5/24, Amex 1-per-lifetime, Citi 24 months), it's much harder to
actually churn the cards anymore, so manufactured spend is becoming
less of an issue for me personally.  Ah well, it was fun while it lasted.


secondcor521

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #27 on: August 26, 2016, 03:34:13 PM »
Okay, I admit I'm being lazy here, but does anyone know if the AMEX Bluebird card still works for MS?

As I hazily recall, I could fund it via CC, then buy prepaid cards at grocery stores, then do free cash advances at WM.  Cost was maybe $5 per $1000, which was OK with me.

I have one that did not get shut down (because I mixed in regular spending I think) and was hoping to use it for MS in an app-o-rama in a few months.

If this path no longer works, I'll have to look elsewhere, and that may impact my plans.

Rubic

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #28 on: August 26, 2016, 05:37:14 PM »
Okay, I admit I'm being lazy here, but does anyone know if the AMEX Bluebird card still works for MS?

See below.

Quote
As I hazily recall, I could fund it via CC, then buy prepaid cards at grocery stores, then do free cash advances at WM.  Cost was maybe $5 per $1000, which was OK with me.

CC funding of Amex Bluebird and (Target) Redbird was shut down last year.
You might manage one cycle of minimum spending with your Bluebird
card via VISA debit gift cards, but expect it to be shut down, just as
boarder42's Serve card was shut down yesterday.

Quote
I have one that did not get shut down (because I mixed in regular spending I think) and was hoping to use it for MS in an app-o-rama in a few months.

There's less reason for app-o-rama today than there used to be.  Not that
I want to waste hard pulls, but I've never been denied for a card due to the
number of my recent credit applications. Your likely limitations are the more
stringent bank limits (Chase 5/24, Amex 1-per-lifetime, Citi 24 months)
and meeting your minimum spend -- which we're discussing now.

Quote
If this path no longer works, I'll have to look elsewhere, and that may impact my plans.

If you can manage your minimum spending organically one card at
a time, that might be the safest tactic.  If not, you can consider
purchasing Vanilla VISA debit gift cards with your credit card, using
the debit card to purchase a money order to yourself, then depositing
the money order in your checking account.  I've gone this route, but
it's a hassle and I'm not sanguine about this method's long-term
prospects.

Please be wary when reading about any MS techniques on blog posts
that are more than a couple months old.  The situation changes rapidly.

secondcor521

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #29 on: August 26, 2016, 09:51:28 PM »
^ Thanks.  I understand your points about both MS and AOR.  I started AORs back when it did matter and the game was to borrow at 0% and save it at 5%.  It was sort of fun back then to apply for 25 cards and get 16 or whatever.  Made it exciting to go to the mailbox.

Anyway, I'll probably take a look at it again in a few weeks and decide what I want to do.  In the past I have not had enough organic spending that I can put on CCs in order to get all the bonuses I was eligible for.  But I can see myself switching from an AOR-every-year to a mini-AOR every 6 months or something and that would help.

Thanks again!

Grapefruit82

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Re: Easy Way to Manufacture Spend - Minimum 3k free per couple
« Reply #30 on: September 04, 2016, 10:22:12 PM »
Could someone send me a referral link if this promo has not expired yet?  Thanks,