First Issue Ever: From the Beach

Credit Card Churning and Manufactured Spending: An introduction and Basic Framework

Welcome!  This first issue will be a basic overview and introduction.  A Q&A will be held after a few posts.

As BowTiedBull emphasizes, it is absolutely critical that everyone starts generating WiFI money as relying on one form of income simply isn’t going to cut it anymore.  While there are an infinite amount of ways to make money online, the hardest part is getting started.  This substack will be a detailed guide on how to create an additional income stream by credit card churning and manufactured spending.  Clicking a few buttons on the computer and making thousands of dollars will be a huge psychological boost that will help build momentum as you start your own online business.

Through a combination of Credit Card Churning and Manufactured Spending, lazy NGMI’s can earn $10K their first year while crafty hustlers can easily clear $100K.

What is credit card churning?

Credit card churning is signing up for a credit card that has a large sign up bonus that offers cash back, miles, or points and then downgrading to a similar no-annual fee card or canceling the card altogether.  Premium credit cards will often offer large signup bonuses which require you to hit a minimum amount of spend in a given time.  For example, the Chase Sapphire Prefer card currently offers a $750 bonus when you spend $4,000 in the first 3 months after opening the account. 

What is Manufactured Spending?

https://www.businessinsider.com/man-earned-4-million-airline-miles-2013-2

Manufactured spending is the practice of spending money with a credit card and purchasing something that can easily be converted to cash or cash equivalents.  In the above link, one guy in 2005 bought gold dollar coins from the US government with a rewards card and simply deposited them at his bank cashing in on over 4 million airline miles!  While this method has long passed, some of the most popular methods that still work include buying Visa or MasterCard gift cards and using them to buy a money order which then gets deposited back into your own bank account, buy items to resell, or buying store gift cards to resell.  

The paid substack will focus on MS that can be done entirely at home (couch MS) without the need to go to any stores.  This will allow people to quickly hit minimum spend, get multiple credit cards at once, and earn nice profits.  

While there lots of blogs that go into detail about the best cards and best way to redeem points, the free substack will go into detail on the best cards/offers while the paid substack will focus on couch MS.

Those that are successful in this hobby focus on ways to spend lots of money on credit cards while finding a way to get that money back in their back account ASAP.  The paid substack will focus on this.

Disclaimer: None of this is to be deemed legal or financial advice of any kind.