Matt, a blogger in the credit card space, discusses advanced strategies in credit card arbitrage. Topics covered include the value of American Express cards, exploiting discrepancies for profit, credit card hacking risks, automating tasks for earnings, exploring manufactured spend, and the importance of collaboration and being an empiricist.
Continual learning and evolving knowledge are crucial in credit card arbitrage.
American Express (Amex) cards offer exceptional value and impressive return on investment.
Automation, networking, and collaboration play significant roles in simplifying and expanding credit card arbitrage strategies.
Deep dives
Different levels of expertise in credit card arbitrage
In the podcast episode, the host discusses the various levels of understanding and expertise in credit card arbitrage. He describes different perspectives, ranging from viewing credit cards as free money to understanding the value of credit card rewards and cashback. The podcast highlights the importance of continually learning and evolving one's knowledge in this field.
American Express as a valuable credit card issuer
The episode emphasizes the significance of American Express (Amex) in the credit card game. The guest explains the exceptional value he receives from holding Amex cards, the various spending bonuses, promotions, and employee offers that make Amex cards highly valuable. He also discusses the impressive return on investment he expects from holding Amex cards.
Automation and the role of technology
The host and guest talk about the role of automation and technology in credit card arbitrage. They discuss using browser-based automation and mag stripe readers to streamline processes like gift card purchases and bill payments. Automation allows them to scale their activities and simplify complex strategies.
Networking and collaboration in credit card arbitrage
The episode emphasizes the importance of networking and collaboration in the credit card arbitrage community. The host mentions the significance of working with others to share knowledge, compare notes, and discover new opportunities. Collaborating with like-minded individuals helps uncover hidden strategies and navigate the evolving landscape of credit card rewards and promotions.
The craft of credit card arbitrage
The episode portrays credit card arbitrage as a craft, highlighting the dedication and attention to detail required to excel in this field. The host and guest demonstrate the characteristics of a craftsman, continuously seeking new opportunities, analyzing terms and conditions, and using their expertise to identify loopholes and advantages. They emphasize the importance of becoming an empiricist and gathering data to refine strategies and abandon misconceptions.
Matt writes the blog "Miles Earn and Burn" which stands alone in the credit card space. He has no ads on the site, and he writes about advanced strategies that don't make it into the mainstream travel blog world. The post that got me interested in having Matt as a guest said basically: go to your local credit union and see if there's anything that you might be able to profit from. In the advantage play world that would be called scouting. In the manufactured spend world it's known as probing. https://milesearnandburn.com/index.php/2023/09/29/taking-a-stroll-to-the-local-financial-district/
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