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Konrad2012

M$ speed bumps

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If you're MS'ing that much, I feel for you when the AA hits.

 

Because it will. You're gonna get flagged eventually. Most people

say to stay below 5k /mo to be reasonable. If you're running through

30k a month, I think its only a matter of time.

 

Tread lightly man ;)

A lot went on business cards that I told them I put $20K+ a month on CC's when I applied.

 

I've ramped up the US Air with biz spend since I got it.

 

I already put $10K-$20K / mo in legitimate spend on CC's. My Amex cards are linked to a biz Pt that I've run $100K / mo on at times.

 

Getting stuck with $25K in VGC's is my biggest worry.

 

But, yes I am aware anything is possible. One reason I've left BofA out of the mix as insurance. And will leave Navy, DCU and PenFed out. I'll still have a bunch in reserve if a bomb hits. (Well that, and all their rewards suck :P )

+1 on the business cards.

 

The biggest risk is probably if you have a low income and put an extremely large amount of spending on personal cards, especially if your only transactions on those cards are M$.

 

This is my issue. I have quite the low income. My main thing is that i would like to earn 5% on my car payment, which is why I asked about VGC's and pins loading to RB :)

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If you're MS'ing that much, I feel for you when the AA hits.

 

Because it will. You're gonna get flagged eventually. Most people

say to stay below 5k /mo to be reasonable. If you're running through

30k a month, I think its only a matter of time.

 

Tread lightly man ;)

A lot went on business cards that I told them I put $20K+ a month on CC's when I applied.

 

I've ramped up the US Air with biz spend since I got it.

 

I already put $10K-$20K / mo in legitimate spend on CC's. My Amex cards are linked to a biz Pt that I've run $100K / mo on at times.

 

Getting stuck with $25K in VGC's is my biggest worry.

 

But, yes I am aware anything is possible. One reason I've left BofA out of the mix as insurance. And will leave Navy, DCU and PenFed out. I'll still have a bunch in reserve if a bomb hits. (Well that, and all their rewards suck :P )

+1 on the business cards.

 

The biggest risk is probably if you have a low income and put an extremely large amount of spending on personal cards, especially if your only transactions on those cards are M$.

 

This is my issue. I have quite the low income. My main thing is that i would like to earn 5% on my car payment, which is why I asked about VGC's and pins loading to RB :)

 

you do not need or want to use pin anything for redbird....a simple cash back or travel card will work nicely

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After my complaint they changed their corporate policy and they now accept VGC's among other types for MO's. It has been very helpful now, a couple years later, because they are a very large grocery chain in the northeast and its easy for me to unload my VGC's no questions asked. It goes without saying I wouldn't call the corporate office or make a fuss of any place I was trying to unload GC's these days.

Filed a complaint was a stupid thing to do and you got very lucky.

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If you're MS'ing that much, I feel for you when the AA hits.

 

Because it will. You're gonna get flagged eventually. Most people

say to stay below 5k /mo to be reasonable. If you're running through

30k a month, I think its only a matter of time.

 

Tread lightly man ;)

Most people do not know what they are talking about when it comes to MS.

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

How much is the swipe fee compared to the cost of the rewards they are paying out?

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

How much is the swipe fee compared to the cost of the rewards they are paying out?

 

they get their cut, I get mine......I never said they were equal

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+1 on the business cards.

The biggest risk is probably if you have a low income and put an extremely large amount of spending on personal cards, especially if your only transactions on those cards are M$.

 

This is my issue. I have quite the low income. My main thing is that i would like to earn 5% on my car payment, which is why I asked about VGC's and pins loading to RB :)

you do not need or want to use pin anything for redbird....a simple cash back or travel card will work nicely

I'm guessing:

 

1. Vintage is not REALLY interested in M$. (I don't consider paying your regular bills M$)

 

2. There is a 5-6% Amex or Wells Fargo grocery card, or a 5% Ink Plus involved.

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

How much is the swipe fee compared to the cost of the rewards they are paying out?

 

they get their cut, I get mine......I never said they were equal

 

The CC insurer most of the time is taking a loss on MS. Not that I care but was just pointing that out.

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

How much is the swipe fee compared to the cost of the rewards they are paying out?

 

they get their cut, I get mine......I never said they were equal

 

The CC insurer most of the time is taking a loss on MS. Not that I care but was just pointing that out.

 

except for capitol one on non sign up bonus cards.....

they are so cheap they profit no matter what

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

How much is the swipe fee compared to the cost of the rewards they are paying out?

 

they get their cut, I get mine......I never said they were equal

 

The CC insurer most of the time is taking a loss on MS. Not that I care but was just pointing that out.

 

except for capitol one on non sign up bonus cards.....

they are so cheap they profit no matter what

 

You got me there. Never used a Crap1 card for MS.

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

How much is the swipe fee compared to the cost of the rewards they are paying out?

 

they get their cut, I get mine......I never said they were equal

 

The CC insurer most of the time is taking a loss on MS. Not that I care but was just pointing that out.

 

except for capitol one on non sign up bonus cards.....

they are so cheap they profit no matter what

 

You got me there. Never used a Crap1 card for MS.

 

*exception* capone is worth msing to get the bonus and nothing more

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

 

You're such a giver, MrJ :angel:

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

 

You're such a giver, MrJ :angel:

 

there are much better ways to ms than just simple cash back from cards.....

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I ms to insure that the card issuer gets their cut

I would hate to see Barclay taking a loss from not getting enough in swipe fees

 

You're such a giver, MrJ :angel:

 

there are much better ways to ms than just simple cash back from cards.....

 

I am all ears!

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[quoKneae=JeffeVerde" post="5240124" timestamp="1427151703]

 

<snip>So I've potentially lost 4 of my 7 liquidation locations. Meaning I went from $28K / day liquidation between me and my wife to $12K / day...and if a machine is broken or system down, that number drops further. Picking up $25K+ in cards turns into a multi-day affair instead of a quick afternoon loop.

<snip>

 

Schnikeys! $28k in increments of $500 ? ! ? ! No wonder the store managers love you (not!) :P

 

Dam Konrad thats alot!! That guy is definitely hating on you. You have to stay out of the hater radar. But numbers like that are crazy to unloadn

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So I've potentially lost 4 of my 7 liquidation locations. Meaning I went from $28K / day liquidation between me and my wife to $12K / day...and if a machine is broken or system down, that number drops further. Picking up $25K+ in cards turns into a multi-day affair instead of a quick afternoon loop.

 

 

I don't think we will be holding any tag days for you anytime soon. Most would give their first born for one place to liquidate. Nicely played even with the setbacks.

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Memo to mods, there is no entry for M$, VGC, or RGC in the newbies' glossary.

Edited by Sidewinder

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+1 on the business cards.

The biggest risk is probably if you have a low income and put an extremely large amount of spending on personal cards, especially if your only transactions on those cards are M$.

This is my issue. I have quite the low income. My main thing is that i would like to earn 5% on my car payment, which is why I asked about VGC's and pins loading to RB :)
you do not need or want to use pin anything for redbird....a simple cash back or travel card will work nicely

I'm guessing:

 

1. Vintage is not REALLY interested in M$. (I don't consider paying your regular bills M$)

 

2. There is a 5-6% Amex or Wells Fargo grocery card, or a 5% Ink Plus involved.

 

Yes and no. I'd like to M$, but as stated I have low income so it could easily create red flags. I also am not at a point where I can afford to have funds frozen right now. So, while I am INTERESTED in it, I'm not at a point where I can truly pull it off. I am following for the future, as well as making sure I'm set up to meet my spend for my new Venture that is in the mail :D

 

I have the Sallie Mae 5% on groceries

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So I've potentially lost 4 of my 7 liquidation locations. Meaning I went from $28K / day liquidation between me and my wife to $12K / day...and if a machine is broken or system down, that number drops further. Picking up $25K+ in cards turns into a multi-day affair instead of a quick afternoon loop.

 

I don't think we will be holding any tag days for you anytime soon. Most would give their first born for one place to liquidate. Nicely played even with the setbacks.
Obviously when I encounter a setback I don't make a fuss about it. Acting like a prick or a whiney baby isn't going to change the outcome (at least not positively).

 

I don't need to tell Rorer this, but to anyone else looking to purchase MO's with VGC's:

 

1. Don't call, reconnoiter in person.

 

2. Never volunteer you are using gift cards...just say debit.

 

3. If they ask to see the cards, just show them. If they decline the gift cards, don't make a stink about it. Just ask if that is a store or chain policy. And don't mouse that the other store in their chain accepts them, consider yourself lucky that the other location does.

 

4. If the gift cards have worked at that particular location before, and then they decline on a future transaction, again just ask if that is store policy. Don't allude to the fact that it's worked before, or that the hot Asian girl lets you. That will get an employee meeting and you're finished for good...and might get the hot Asian girl in trouble.

 

5. If asked why you get so many MO's, I just say I pay my bills this way so I can get mileage on some credit cards so that every couple of years I can take my wife and son on a little vacation with free airfare. Don't talk about churning cards, signup bonuses or first class tickets to Thailand, Ukraine or Columbia. Sometimes I say DisneyWorld (barf)...sounds innocuous.

 

6. Nothing you're doing is illegal (or at least nothing I'm doing), even if the banks frown upon it...so no need to act weird or paranoid.

Edited by Konrad2012

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Memo to mods, there is no entry for M$, VGC, or RGC in the newbies' glossary.

Because it's not a noob topic... ;)

 

M$ - Manufactured Spend

VGC - Visa Gift Card

AGC - Amex Gift Card

MGC - Mastercard Gift Card

RC/RB/Redbird - Target Prepaid Debit by Amex

MO - Money Order

SMAW - Shoulder-launched Multipurpose Assault Weapon

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Memo to mods, there is no entry for M$, VGC, or RGC in the newbies' glossary.

Because it's not a noob topic... ;)

 

M$ - Manufactured Spend

VGC - Visa Gift Card

AGC - Amex Gift Card

MGC - Mastercard Gift Card

RC/RB/Redbird - Target Prepaid Debit by Amex

MO - Money Order

SMAW - Shoulder-launched Multipurpose Assault Weapon

I make a point of being polite as well!

In the case of redbird it's impossible for them not to know what you are doing so why not at least make it a plant experience

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Man, the day that I'm able to actually partake in M$ will make me feel good.

 

If only because it means my profile has gotten to the point that I'm able to get the cards that give out the bonuses and whatnot.

 

Keep on churning Konrad and good luck.

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I always see reference to "VGC's", but never a mention of MasterCard GC's. Are the MGC's not suitable? Or is VGC just used generically to refer to either version?

 

I ask because I've noticed that my local grocery store is frequently cleaned out of VGC's, while the MGC's sit untouched.

Edited by JeffeVerde

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