Bluebird

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
101 posts
cashback
Centurion Member
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sat Mar 09, 2013 8:34 pm

nishant wrote:I live in Chicago and availablility of Vanilla Reloads is 100%. Finding credit cards to get enough cash back seems to be a real challenge.

Once Citi and Freedom 5% rotating categories end this month, available choices for buying Vanilla Reloads are going to be limited to only 2% cash back cards. We lose 0.79 % cash back from $3.95 vanilla reload fee, resulting in net cashback of 1.21% from April 2013.


http://creditcardforum.com/rewards/6707-5x-points-promo.html
Credit Cards
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

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781


nishant
Centurion Member
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Posts: 120
Joined: Wed Dec 19, 2012 10:07 am
Location: Chicago

Postby nishant » Sat Mar 09, 2013 8:41 pm

One important thing about Bluebird is that saving money from Bluebird comes from the way you load it.

How you spend it has no effect on profitability.

Of course it gives you flexibility in paying where conventional credit card are either not accepted or there is additional fee of which discourages use of credit card due to loss of money instead of saving money like property taxes.

For example, if your expenses are say $5000 per month i.e. $15,000 per quarter and if in your family- you have two city dividend cards and two Chase Freedom cards- enough to cover $15,000 per quarter for 5% rotating categories - You can save $21.05 (4.21%) per Vanilla Reload card of $500 or total saving of $632 in the first quarter on $15,000 spent.

Where as if you did not have any of above cards and are using only 2% cash back credit cards, then your saving will be only 1.21% or $182 on $15,000 spent.

In short, funding source directly affects Bluebird savings.

FutureBillionaire
Centurion Member
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Sun Mar 10, 2013 1:31 pm

cashback wrote:I would do it. But thats just me.


I wouldn't. I think that is asking for it. But, that's just me. ;-)
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Sun Mar 10, 2013 1:36 pm

nishant wrote:One important thing about Bluebird is that saving money from Bluebird comes from the way you load it.

How you spend it has no effect on profitability.

Of course it gives you flexibility in paying where conventional credit card are either not accepted or there is additional fee of which discourages use of credit card due to loss of money instead of saving money like property taxes.

For example, if your expenses are say $5000 per month i.e. $15,000 per quarter and if in your family- you have two city dividend cards and two Chase Freedom cards- enough to cover $15,000 per quarter for 5% rotating categories - You can save $21.05 (4.21%) per Vanilla Reload card of $500 or total saving of $632 in the first quarter on $15,000 spent.

Where as if you did not have any of above cards and are using only 2% cash back credit cards, then your saving will be only 1.21% or $182 on $15,000 spent.

In short, funding source directly affects Bluebird savings.


Don't forget that you can get Vanilla Reloads at gas stations. You can use the Freedom and Discover IT at those places to get VRs. Also, cards do promos on drugstores and other places randomly. I got a 5x point promo for drugstores on my Forward card. I bought a $500 reload with that card.

Keep in mind one more thing. I believe that it the Bluebird is an excellent way to get cash out of your credit cards without paying for a cash advance fee. This helps keep your cash in your bank account longer and allows you to earn interest. I know that interest rates aren't high right now, but every little bit helps.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Mountainmanduy
Green Member
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Posts: 23
Joined: Mon Mar 04, 2013 4:57 am
Location: San Jose

Postby Mountainmanduy » Wed Mar 13, 2013 12:21 am

Outside of CVS and gas station, has anybody see vanilla reloads elsewhere? I got shutdown at lucky supermarket today.

nishant
Centurion Member
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Posts: 120
Joined: Wed Dec 19, 2012 10:07 am
Location: Chicago

Postby nishant » Wed Mar 13, 2013 6:52 am

I donot like to move around for gas stations to find out which gas station sells Vanilla Reloads. Even some gas stations for example- Hucks in Midwest- sells gas but is classified as convenience stores.

I donot like to spend $500 , pay $3.95 fee and then find out that such gas station gets only 1% and not 5%.

I would stick with CVS with known 5% and when limit is reached, wait till next year.

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Wed Mar 13, 2013 9:54 am

nishant wrote:I donot like to move around for gas stations to find out which gas station sells Vanilla Reloads. Even some gas stations for example- Hucks in Midwest- sells gas but is classified as convenience stores.

I donot like to spend $500 , pay $3.95 fee and then find out that such gas station gets only 1% and not 5%.

I would stick with CVS with known 5% and when limit is reached, wait till next year.


I'm willing to try different gas stations if it means getting 5 percent. I'm going to grab one with my Freedom before the end of the month.

I'm going to look at grocery stores and gas stations in other states when I travel to see what I can find also. It's worth it to me to make some extra cash.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

cashback
Centurion Member
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Wed Mar 13, 2013 10:04 am

Make a test charge for a soda or something to see if you get 5%. Even if you did buy a $500 VR and it was 1%, you'd still make $1. Woo hoo!
Credit Cards
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

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Wed Mar 13, 2013 10:48 am

cashback wrote:Make a test charge for a soda or something to see if you get 5%. Even if you did buy a $500 VR and it was 1%, you'd still make $1. Woo hoo!


That's the plan. Chase doesn't classify the purchases until after the statement closes. That's going to make it tough.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

nishant
Centurion Member
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Posts: 120
Joined: Wed Dec 19, 2012 10:07 am
Location: Chicago

Postby nishant » Wed Mar 13, 2013 9:10 pm

While a charge is pending, Chase customer service can inform on phone whether it will get 1% or 5% cashback without having to wait till end of the statement.



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