Discover the results of a recent mealkit experiment and new churning tools that simplify tracking and bonus gains. The discussion dives into strategies for navigating credit card points, including the risks of unspent rewards. Learn about innovative cash rewards cards tailored for businesses and a deep-dive into Bank of America promotions. The speakers also share insights on effective investment strategies for long-term growth, along with tips for optimal cash management and community engagement through shared offers.
The episode highlights the effectiveness of churning strategies, resulting in substantial cash savings and bonus points through careful credit card management.
Innovative tools developed by the churning community, such as tracking apps and financial calculators, enhance efficiency and support smarter financial decision-making.
Deep dives
July Churning Recap
The episode provides an overview of the significant activities undertaken in July, notably in the realm of churning. Various financial avenues were explored, including credit cards, brokerages, and bank bonuses, which yielded substantial savings and bonus points. A major focal point was the successful completion of several credit card bonuses, including $1,350 from two US Bank cards and 100,000 Amex points from a Resi card, creating a total of 1350 in cash and 100,000 points. The positive results highlight the continued effectiveness of churning strategies in maximizing rewards and discounts.
Fire Evacuations and New Tools
The challenges faced during July included evacuation due to wildfires that forced the speaker to spend time away from home, impacting the episode's timing. Despite these obstacles, there were notable advantages, such as achieving Globalist status through Hyatt stays, which helped gain additional rewards. The importance of the WatchDuty app was also emphasized, as it provided timely notifications about wildfire threats, allowing for better preparedness. This experience reinforced the need for advanced planning and utilizing helpful tools during emergencies.
Emerging Churning Tools
The podcast spotlights several new tools developed by members of the churning community, enhancing the efficiency of tracking various credit card metrics. For instance, a listener created an app that helps track spending minimums and annual fees for credit cards, providing valuable reminders and updates. Additionally, a blog launched by a Discord member offered calculators to assess the effective APY of bank bonus offers, enabling smarter financial decisions. These innovations illustrate the continuous growth and collaboration within the churning community to streamline processes and improve experiences.
Discounts, Freebies, and Meal Kit Insights
Significant savings were reported from discounts and freebies, with highlights including $1,730 gained from a combination of referral programs and settlements. Notably, the decline of the Pepper app's earning potential was discussed, while also reflecting on a lucrative settlement from Apple regarding MacBook keyboards. Furthermore, a meal kit experiment with HelloFresh yielded a 75% discount on a box, underlining the value of strategic reactivation offers. Overall, the speaker emphasizes the potential for maximizing rewards through careful monitoring of offers and proactive measures, reinforcing the essence of churning.
Results of last month's mealkit probe, new churning tools & apps, Pepper changes, hoarding vs cashing points, ideas for sitting cash, debit rewards & local credit unions 👽👉, Bank of America deep-dive, free Chick-fil-A, and much more!
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