Earlier quoted context omitted.
I didn't know there was a term for it. I gave it a shot one or two years ago buying $500 gift cards at grocery stores with a 6% cash back card (amex cash preferred). With the activation fee and taxes, I think each gift card purchase essentially returned ~$22. Surely not the most efficient - but it was simple. Each time I bought a $500 visa gift card I had that uncomfortable feeling like I was doing something illegal…
The payoff comes from doing it to hit signup bonuses. If you needed to spend $5000 on a card, you could buy Visa gift cards and spend $59.50, but get 105,000 miles from the bonus. Essentially a round-trip business class ticket from the US to Asia.
A Man Who Flies Around the World for Free
131–140 of 184 posts
Re: A Man Who Flies Around the World for Free
#132Seems like he's causing a lot of pollution
Actually, no. Airlines only release seats for award redemption if they don't believe they can sell them. Therefore, he's only taking up seats that would otherwise go empty on flights that are going to fly anyways.
Re: A Man Who Flies Around the World for Free
#133Don't you have to worry about radiation at some point? I mean flying 300 days out of the year has to add up.
Not sure why you're being downvoted, it's a real issue. http://www.nytimes.com/2001/05/24/news/24iht-radiate_ed3__0.... > A 1996 paper published in the American Journal of Epidemiology found a higher incidence of myeloid leukemia, astrocytoma, prostate cancer and malignant melanoma among 2,740 Air Canada pilots than in the general population. > One study of female flight attendants in Finland and Denmark found an inc…
It doesn't mention if this is accounted for.
Re: A Man Who Flies Around the World for Free
#134Earlier quoted context omitted.
The payoff comes from doing it to hit signup bonuses. If you needed to spend $5000 on a card, you could buy Visa gift cards and spend $59.50, but get 105,000 miles from the bonus. Essentially a round-trip business class ticket from the US to Asia.
And what do you do with the $5000 of gift cards?
Re: A Man Who Flies Around the World for Free
#135Earlier quoted context omitted.
The payoff comes from doing it to hit signup bonuses. If you needed to spend $5000 on a card, you could buy Visa gift cards and spend $59.50, but get 105,000 miles from the bonus. Essentially a round-trip business class ticket from the US to Asia.
And what do you do with the $5000 of gift cards?
Buy gift card with credit card -> Unload gift card back to credit card. Repeat. Send the same $5000 around in a circle (less fees). I'm simplifying of course.
Bluebird, a prepaid debit card from Amex and Walmart, has been one of the big methods for some time but I'm not sure if that one is still viable.
Re: A Man Who Flies Around the World for Free
#136Earlier quoted context omitted.
As someone who's both heavy into this hobby and a software engineer at a major tech company, I'm going to disagree. I get to fly around the world having fun while spending very little.
>spending very little you are spending a lot of valuable time
Re: A Man Who Flies Around the World for Free
#137Earlier quoted context omitted.
Actually, no. Airlines only release seats for award redemption if they don't believe they can sell them. Therefore, he's only taking up seats that would otherwise go empty on flights that are going to fly anyways.
Sorry that can't be true. Even my lowly MileagePlus Explorer card allows me to book an award seat on any flight with availability.
Re: A Man Who Flies Around the World for Free
#138Re: A Man Who Flies Around the World for Free
#139Re: A Man Who Flies Around the World for Free
#140Earlier quoted context omitted.
Could you give someone who has ABSOLUTELY no idea (even after reading your comment) about any of this what it is you do to hack the system?
Trade your free time and (temporary) credit score rating for miles- flights, hotel stays.
Another layman question, what does this do to your credit score?