I suggested about 6 years ago at the Ann Arbor DO that we all consider diversifying our frequent flyer accounts and holding miles and points in numerous accounts. The advice is still valid today but for a different reason:
“Pigs get Fat and Hogs get Slaughtered”
The frequent flyer game has turned to credit card signups and manufactured spending, and one of the most asked questions is:
“How much can I get away with, without raising a red flag?”
Here is an elegant way to avoid the issue: Diversify your manufactured spending.
Granted most of my spending now is done to donate to charity, and I’m working cash back cards harder than frequent flyer miles, but the principle is still the same. Don’t put all your eggs in one basket. Here is our family’s set up:
Katy and I each have Bluebird cards
Vanilla Reloads are easy to find in my neck of the woods. Equals $10K per month
Katy and I each have grandfathered in Amex Blue Cash Preferred cards and she has a Citi Preferred card.
I have a Fidelity Investments 2% cash back card and like TopCashBack (let me refer you and the referral bonus will go to charity) and the GiftCardMall.
My new AccountNow account allows $1500 per day and $9500 per month. (Katy will add one when proven to be successful)
I’m currently working on the Fidelity Investments 50K United Airlines bonus and an account with Fidelity that accepts deposits.
There is a Walmart nearby that sells money orders both from the kiosk and the counter. I still collect Delta miles for my trips to the WSOP.
Many blogs are criticized for spilling the beans on deals in too great of detail. I try not to go down that road and with this post, hope you can see that I’m playing way more than one game. And in doing so, averting putting all my eggs in one basket and causing suspicion. If you are playing the miles game exclusively, you are missing out on some decent category bonuses with the bank rewards programs.
I fully realize that the game has changed significantly from the days of big hotel and airline programs, and as such I need to move to what’s hot in the market today. If you look hard at this post, you’ll see I have unlimited opportunities to earn cash back and miles without causing suspicion. Some deals won’t pay me 6 points per dollar, but some will. I just need to stay a pig with every program and hope that in moderation, I don’t get slaughtered.