Extra points

pandp · #1 (**permalink**) 13th June 2004, 09:17 PM

Hi All

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.

sambo · #2 (**permalink**) 13th June 2004, 09:41 PM

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.

straitman · #3 (**permalink**) 13th June 2004, 09:52 PM

Quote:

Collect 350.000 points per year (without getting airborne) by only spending $35.000 per year on normal credit card purchases!

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

pandp · #4 (**permalink**) 13th June 2004, 09:52 PM

350.000 is the correct figure.

straitman · #5 (**permalink**) 13th June 2004, 09:59 PM

Quote:

Originally Posted by pandp

350.000 is the correct figure.

At 10 points per dollar we are all ready to be convinced

Would you care to give us some more details

sambo · #6 (**permalink**) 13th June 2004, 10:21 PM

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

Sam.

wleong · #7 (**permalink**) 14th June 2004, 08:37 PM

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.

sambo · #8 (**permalink**) 14th June 2004, 09:07 PM

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.

Prove me wrong pandp.

Sam :wink:

Gordon · #9 (**permalink**) 15th June 2004, 12:08 AM

My guess is...

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

In theory, could it work?

regards,

sambo · #10 (**permalink**) 15th June 2004, 12:34 AM

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