Extra points

Discussion in 'Travel Insider Tips' started by pandp, Jun 13, 2004.

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  1. pandp

    pandp Newbie

    Jun 13, 2004
    4
    0
    Hi All
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    Here is a challenge to anybody interested.

    Collect 350.000 points per year (without getting airborne) by only spending $35.000 per year on normal credit card purchases!
    It is available to anybody, but takes a fair bit of hard work and you need to keep on top of all the changes banks have made, and are still making to card terms and conditions.
    I have been doing it now for 2 years without any problems. The tip is the banks offer deals to get you into debt, you however have to work with that and turn it all around so that it is you who benifits and not the bank, all whilst you play their game, and on their terms.
     
  2. sambo

    sambo Intern

    Jun 2, 2004
    75
    1
    Melbourne
    Do you mean collect 35 000 points, or 350 000 points as you stated?

    Because I defy anyone to collect 350 000 points purely from their credit cardby spending only $35 000 on the card.

    Sam.
     
  3. straitman

    Moderator

    Apr 27, 2003
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    I hope you meen 350,000 however I still need some convincing. 35,000 seems to be what you really mean, however I'm willing to be convinced :!: :D
     
  4. pandp

    pandp Newbie

    Jun 13, 2004
    4
    0
    350.000 is the correct figure.
     
  5. straitman

    Moderator

    Apr 27, 2003
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    At 10 points per dollar we are all ready to be convinced :!:

    Would you care to give us some more details :?:
     
  6. sambo

    sambo Intern

    Jun 2, 2004
    75
    1
    Melbourne
    Well I´ve never seen a dot used as 10³ separator, but seeing as you mean 350 000 points, I´m all ears.

    Sam.
     
  7. wleong

    wleong Intern

    Jan 26, 2003
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    Sydney
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    Some tips would be nice. Come on spill the beans...

    I presume you would be doing some balance transfers such as the Citibank Platinum. $35,000 x 10 months = 350,000 points.

    Some other thoughts would be that you have order some big ticket items and then cancel and get them refunded. This sounds like a lot of work and effort required.

    :lol:
     
  8. sambo

    sambo Intern

    Jun 2, 2004
    75
    1
    Melbourne
    The citibank balance transfer scheme only allows the first three balance transfers to earn points. After that, balance transfers earn you zip.

    I wouldn´t hold your breath waiting for pandp to reveal his secret. I imagine it´ll be along the lines of ¨For a one-time joining fee of $99.00, you´ll earn 10 points for every dollar spent on your existing credit card, using our patented Scam-o-rama technology. Join in the next five days and we´ll also give you a BMW 7 series and a house in Brighton for FREE!!! Just enter your credit card details here...¨

    I think you get my drift. :D

    Prove me wrong pandp.

    Sam :wink:
     
  9. Rick93

    Rick93 Established Member

    Nov 10, 2002
    1,114
    81
    My guess is...

    Balance transferring from one card to another. Something like ten different cards all up !

    In theory, could it work?

    regards,
     
  10. sambo

    sambo Intern

    Jun 2, 2004
    75
    1
    Melbourne
    No, I dont think it could work. As far as I know, the only credit cards that give you points for balance transfers are citibank ones(correct me if I´m wrong). And citibank will only honour this deal for the first three balance transfers made to it.

    So unless you want to be opening multiple card accounts with citibank, closing them, then reopening them again every month or so(and I´m sure Citi has some safeguard against this anyhow), I still don´t see how this 350 000 points for $35 000 spend is possible.

    I think maybe it´s time for us to let go of the dream...

    Come on pandp, convince us. You know we´re listening.

    Sam
     
  11. Rick93

    Rick93 Established Member

    Nov 10, 2002
    1,114
    81
    Isn't there a number of USA and other international banks that do 'balance transfers' with points / miles awarded?

    regards,
     
  12. sambo

    sambo Intern

    Jun 2, 2004
    75
    1
    Melbourne
    Yes, I believe there is. And US credit cards often offer 10 000 - 15 000 points just for signing up.

    I´m starting to see that this 350 000 points for $35 000 spent may, just, be possible, but only through having many credit cards across a few continents. Not exactly convenient, or time efficient. You´re probably better off spending that time working and earning money to buy tickets the old fashioned way.

    Sam
     
  13. straitman

    Moderator

    Apr 27, 2003
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    Any response yet pandp :?:
     
  14. pandp

    pandp Newbie

    Jun 13, 2004
    4
    0
    Hi
    Just tuned in after 3 odd weeks.


    How about the use of $33.000 for 3 months @ 0.99% and 33000 points. If u have a morgage free cash @ 0.99% will prove usefull? Save $420.00 in interest and it's risk free.

    Or try $10000 on Citibank ready credit @ 0% interest for 6 months. That will equal $295.00 saved in interest on a loan @ 6.7%, Or just put it in a online at call account and get paid $230.00!
     
  15. pandp

    pandp Newbie

    Jun 13, 2004
    4
    0
    If you are looking at going on holiday Qantas provide some very good value deals.
    Try "News and offers" via the frequent flyer heading on the Qantas home page.
    I recently took the family to the USA for 247500 points in place of the usual 330000, a very good saving.
    If you work the system hard and get all the extra points and then redeem via deals with Qantas overall it provides extremely good value.
    For example christmas Island for 20000 points in place of the usual 30000.
     
  16. Guest

    Guest Guest

    alright mr pandp, time to deliver the goods - spill the beans on this 350,000 points from the 35k spend....
     
  17. danielh

    danielh Member

    Dec 5, 2003
    352
    0
    Maybe we are supposed to put AU$35,000 in his account and he will magically do somthing with it. :)

    But seriously though, I am curious about the deal (and skeptical at the same time). Also, can you please not put in the "." in your numbers.

    Hang on, do I smell a South African general needing help to smuggle his $35.000 out of his country. HEHE

    Regards
    Daniel
     
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