This is a cool little trick I accidently stumbled upon but wish I knew about sooner. I’ve always had some type of rewards card but it seemed like my reward checks were never more than a hundred bucks or so per year. Then I signed up for the Southwest Card and got two free round trip flights just by spending $2,000 in the first three months. That was the start to it all.
Now I’ve figured out how to pay for two months of hotel, an international flight, a weeks rental car and a few fancy dinners all with just a few months worth of credit card miles.
If you’re intrested in the two round trip Southwest Flights, you can sign up at: www.southwest.com/rapidrewards but what I’m going to show you is worth so much more.
In just a few months I’ve racked up over 100,000 in reward points and am on track to getting half a million annually. The way I earned the points is a combination of bonus miles, 2x miles and cycling. The bonus miles is pretty easy and straightforward, this is what most guys do when they refer to credit card reward churning. If you spent $1,000 on your card in the first two months you get 10,000 bonus miles. Not bad since it’s worth $100, but you can only do that so many times even with churning methods and messing up your credit.
I only have one credit card. I don’t rely on bonus miles, as to me, they are just that, a bonus. What I’ve accidently stumbled upon is so much better than that as it will consistently give you 40,000-50,000 miles every month for the rest of your life. To put that into perspective, that’s worth $500.
The catch is, it can only be used for travel related expenses. The good news however is “travel related” is very broad. This month I used my reward miles to write off my rent, car rental, flight and even a few fancy dinners.
The cool thing about “travel related” expenses is that it can apply for anything to do with a hotel. Nice dinners at a hotel restaurant are included, as well as your monthly rent if you are staying at a furnished apartment like I am as well as my rental car and flights. As if I needed more reasons, this gives me an excuse to travel even more, especially since it’s free.
So aside from putting as many monthly expenses on my credit card as possible and signing up for 2x reward cards such as Capital One’s Venture card which I currently use and Barclay’s new Arrival Card, how do I actually rack up my monthly spend? You can start with using things such as Amazon payments to sent you friend or family member up to $1,000 a month without fees. That allows you to cycle $1,000 through your card on the 28th of the month, then again on the 1st of the month three days later, meeting the $2,000 requirement for getting sign up bonuses. But at the end of the day, $1,000 a month is only $20 in rewards even with 2x miles.
The way to really rack up bonus miles that no one talks about is by cycling $20-$30K on your cards through eCommerce. That gives me 50,000 miles per month which is worth $500 each and every month to spend on anything “travel related” that I want.
Here is a screen shot of one of my eCommerce stores that I set up using Anton’s Method. I knew nothing about drop shipping or eCommerce or Shopify just a few short months ago, and now I’m finding out more and more cool things about it. Today was the first time I logged into my Capital One account which I’ve only had for a couple months and saw how easy it was to write off over $1,000 in purchases. I realized then that even if I never made a profit on anything I sold in my eCommerce stores, the free reward miles alone would be worth the hassle of setting up a store. Here’s an example of how that would work:
Example A: People come to your store and buy $20,000 worth of Surfboards every month. In turn you spend $20,000 buying the surfboards on your rewards credit card and fulfilling the orders to whoever ordered it. You didn’t make a profit but end up with 40,000 reward miles at the end of the month.
Example B: People come to your store and buy $20,000 worth of Snowboards every month. Since you have a dealer account, you only spend $15,000 on buying the Snowboards wholesale and end up with $5,000 in profit and 40,000 reward miles at the end of the month.
In either example, that is enough miles to fly business class internationally from the U.S. to anywhere in the world once a year. Or you could use those rewards to fly coach, stay in hotels and see the world each and every month. I haven’t decided which of the two I’ll be using my rewards for, but either way I’m excited! The best news is that using Anton’s Drop Shipping Method, it becomes super easy to set up multiple stores after you have the first one up and running. I’ve already started my third store and plan on replicating it in different niches to get even more credit card spend and profit.
I hope you guys enjoyed this post and am excited as I am to start really traveling and seeing the world. South America and Europe here I come!
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