#MilesMadness Day 7: First Week Recap
Tonight I screwed up a little by forgetting a couple of cards at home, meaning I came home at least $100 fair trading value of points shorter than I should have. Always make sure you show up to the job with the right equipment.
I got the last three $200 Visa Gift Cards at the OfficeMax in Knightdale, dumped them at Walmart on the way back and rounded UP to $2k and used my AlaskaN card to fill the gap, and got $1.5k of Vanilla at CVS. I’m kind of losing track but I think that means I am now done with my Bluebirds for the month so it will get progressively harder from here on in.
The one positive oddity was I went to a CVS I never used before and while I was “only” getting 3 cards, for some reason the cashier wanted to do them all separately. That will help me tomorrow as I will now be able to do a simple $5k buy in CVS tomorrow. You take the luck when you get it.
So my end of week totals are:
Total Raw Spend: $25,713
Spend on Load Fees: $217.95
Spend on Unload Fees: $12.01
2,000 American AAdvantage Miles
1,201 AlaskaN Airlines Miles
4,960 American Express Membership Rewards
1,000 Barclays Arrival Rewards
28,704 Chase Ultimate Rewards
67,934 Citibank ThankYou Rewards
$127.36 in additional rebates/additional rewards (not sure if I’m supposed to add this to my bankroll or not?)
In order to calculate my profit I take the value of whatever I earned using the FrequentMiler’s Fair Trading Prices and then subtract any “load” fees (fees incurred when spending such as Vanilla Reload fees) and then subtract “unload” fees (fees incurred in liquidating such as Walmart Money Order fees). On that basis, my total profit for the first week comes out at $1,158.31. I think that’s a decent total and will get me in the top half of the table but I do not think will be good enough for a “podium place”.
With that said let’s put that into context… if I can make $1,158.31 in a week, let’s say I do that 46 weeks a year, that comes to $53,282.26 in a year. These earnings are not taxed, so assuming an effective tax rate of 20%, that’s like a job earning $66,600 per year! Apparently the US Median household income in 2013 was $50,700. While I find it hard to believe this will last too long, the fact is it’s possible to be an above average earner using these techniques, as demonstrated this week.
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