- Centurion Member
- Posts: 793
- Joined: Mon Oct 22, 2012 7:11 pm
- Location: NY
Your math is correct for BCP, but not for the other 5% cards. There is no AF for the 5% cards so you get 4.06% on $500 gift cards you buy. Chase/Discover are capped at $1500 per quarter, Citi Dividend is not. Citi Dividend is capped a $6000 per year. So, like right now, you can spend all 6k on gift cards from the drug store to use throughout the year.
I'm not pushing this strategy as use gift cards for everything. They are only there for purchases you cannot get at least 4% on.
As for the $2500 i mentioned, it is not just from BCP and 5% category cards. It's from those plus grocery store rewards programs, befrugal.com, ShopDiscover, and CC signup rewards. I assure you i do not make more than 250k.
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K
Citi Simplicity - 5K, Sam's Club Discover - 10K
Sallie Mae World Mastercard
Exp 772 - TU 781 - Equ 781