Jump to content

Konrad2012

M$ speed bumps

Recommended Posts


More than a decade ago I installed a wood burning stove, made of soapstone, into my existing double sided fireplace.  I joined a wood burning forum to learn about proper installation, and other things related to burning wood. One of the popular topics then was to discuss the price of free wood. Chainsaw, pickup truck Gasoline, time ... MS is a similar pursuit. You have to purchase the "free money" or "free travel" by paying gift card fees, money order fees, buying gasoline, and investing time... in exchange for the return of cash back, hotel stays, flights, statuses, certificates, and the float on the borrowed funds. I like to consider any MS proposition two ways. First I try to guesstimate the discounted rate on the return, sometimes it is fairly straight forward in the case of fixed value points and at other times it is a likely range based on possible redemptions that interest you. In the case of variable value points there is also a chance that you will be able to use them at a an additional bonus redemption rate or see a devaluation of them before you can use them.   Then, I look at that overall return for the time invested in the activity. No doubt it is most lucrative to be spending toward sign up bonuses rather than collecting regular rewards, The discount on the return for signup bonuses is lucrative. I don't MS on sign up bonuses mostly out of fear of having the bonuses clawed back by the issuers, and use MS to accrue several sign up bonuses worth of points over the course of each year at an acceptable discounted rate. 

 

In addition to the issuer's rewards, there are also portal rewards, offers and cash back program rewards that can tip the return from "not worth it" to a rate I find to be worth a nominal effort. There are lots of different opinions on what is "worth it" out there and you really need to find your own. 

 

Il'l also add that from the time I started to investigate MS to the time I started to engage in it was about a year and a half of reading and research. It can be very confusing due to outdated info (as has been said) and an essential part of the learning process is small scale experimentation in your local environment, as there are substantial differences regionally. If you are MSing for hotel or airline points there is also a lot of time needed to learn about the loyalty programs... and because there is a sense in the community that open forums discussing methods lead to those methods being shut down, there is a great deal of reluctance to post specifics. PM's for sensitive questions are one way to get past some of that. 

Share this post


Link to post
Share on other sites
25 minutes ago, GreenDragonLady said:

My WM said you can't get a money order with a VGC.  Just cash or a debit card.  The website states that too:

 

WM%20MO_zpspiyzbwmo.jpg

Different stores have different policies. Most Visa and MC GCs do have pin numbers. Some will work at WM if the cashier doesn't manually intervene in your using them. Others will only allow up to $49.99 money purchases. 

 

I don't use WM for MOs, I just buy them at a local grocery store chain with Vanilla Visa and MC GCs. Which don't work at WM.

Share this post


Link to post
Share on other sites
34 minutes ago, mec said:

I don't use WM for MOs, I just buy them at a local grocery store chain with Vanilla Visa and MC GCs. Which don't work at WM.

So you can buy the money orders at the grocery store with the GCs?  I'll have to see if one of our stores will.

 

Thanks!

Share this post


Link to post
Share on other sites
40 minutes ago, GreenDragonLady said:

So you can buy the money orders at the grocery store with the GCs?  I'll have to see if one of our stores will.

 

Thanks!

You need to STOP asking stores questions and read this thread first.

 

Share this post


Link to post
Share on other sites
1 hour ago, GreenDragonLady said:

So you can buy the money orders at the grocery store with the GCs?  I'll have to see if one of our stores will.

 

Thanks!

You should always refer to your "gift card" as a "debit card"... because that is also what it is.

Share this post


Link to post
Share on other sites

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×

Important Information

Guidelines