What’s up guys, I was doing some online banking and paying off credit cards while on the phone with my friend Chris and said out loud, wow I can’t believe how much cash I have in my bank, too bad it’s not all mine. I had just booked a total of six plane tickets including an expensive round trip ticket to and from San Francisco to Thailand.
Then it hit me, maybe it’s time to spend some of these reward points I’ve been racking up ever since I started my eCommerce store, but a bit more on that later.
How to claim $1,875.10 worth of free travel credit.
Log into your Capital One Member Rewards section and select “Redeem Now” then select “Travel – Purchase Eraser.”
Select whatever purchases you want to erase from the past 3 months. It really doesn’t matter as it’s basically getting a cash credit on your account, but it’s kind of fun erasing certain purchases and knowing you got them for free. Like a dinner at a 5 Star Restaurant with your girlfriend, or a round trip flight from San Francisco to Thailand as I did.
The best thing if you look at the screen shot below, a ton of things count as “travel related.” So even if you’re not traveling (which you should) you can still erase tons of things.
Select a bunch of random purchases to erase and make sure you have enough miles for it.
Confirm it and wait a few days for them to literally erase $1,875.10 from your credit card balance. This month I owe $4,188.50 on my credit card which is due on February 25th, which is two weeks from now. Instead of paying that entire amount and watching my bank account balance drop, I’ll just wait a few days and see the $1,800 credit on my statement and wah-la. Just got myself a free round trip flight from SF to Chiang Mai as well as a night at a cheap hostel, a night in a really nice hotel, and a month’s accommodation in Thailand.
Wait a free more months for your credit card reward miles to rack up again and repeat the process. Simple right? Well you’re probably thinking, “how do I get all those miles?”
Well the simplest way is to apply for a new rewards credit card such as the Capital One Venture Card which is the one I use and get 50,000 miles as a bonus once you reach the $3,000 spending limit. But you can only do that once without messing up your credit. But how do you get the other 137,000 miles? Simple, you just use your rewards card to pay your suppliers whenever you get a new order, and pay off your credit card with the money they deposit in your bank account.
How to use Shopify and eCommerce to rack up reward points:
If you look at the above payout schedule, my customers placed orders on my online store. Since everything is dropshipped, I don’t have any inventory and simply forward their order to my supplier who mailed it out to them directly. My supplier then bills my credit card, which I get points on. The money that the customer paid me is deposited in my bank account every 2-3 days so I’m always cash flow positive.
Have no idea how to start an eCommerce store? New to dropshipping?
You may not know this, but exactly one year ago almost today, I had less than $200 in my bank account and had never heard of the terms dropshipping or eCommerce prior. It wasn’t until I met a guy named Anton and took his training course did I know how to set up an online business. It isn’t an overnight get rich quick gimmick, you actually have to treat it as a real business and put in the work, but it’s not only freed me from debt, working a 9-5 job, and being stuck in a job I hated it has also given me the freedom to travel and see the world.
Now with this little travel hack, I get to see the world for free. If you want to know more about Anton’s Method you can visit his website at www.AntonMethod.com. I don’t want people thinking it’s easy, as it took me two months of hard work to set up intially. But it works and it has been one of the greatest things that has ever happened for me and my lifestyle.
Making the Website:
If you do end up starting your own online store, I recommend using Shopify as they are the platform I use to make my site. It’s really easy to do even if you have no idea how to make a website, as everything is a template. If you do end up starting a store, please use my Shopify Free Trial Link as I get credit for referring you.
Flights, Hotels, Meals, all for free!
I hope everyone gets to travel and see the world, and gets to do it for free! It’s such a good feeling that I had to tell everyone about it.
www.facebook.com/TheJohnnyWolf – Add me as a friend to keep in touch.
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