In MilesAbound’s presentation this past weekend, he stated that you should look for manufactured spend opportunities all around you. He was able to find an opportunity to save on his children’s swim lessons with a grocery store/gift card reload opportunity that was specific to his region/swim program.
That being said, if you are not necessarily interested in traveling for one reason or another or just looking to save money by using cash back cards or just looking for other opportunities to save for a specific purpose, you never know what might be out there until you start searching.
So when I received an email from Chevrolet and I saw this, I had to click to find out more…
I know these types of cards have been around for decades where you can earn cash back to be applied towards a new car but curiosity gets the best of me.
This Power Buy card from Capital One has a no annual fee and will give you 5% cash back on the first 5k in purchases and 2% unlimited cash back the remainder of the year. There is no limit to the amount of cash back you can earn or redeem on a new vehicle and your earnings don’t expire.
So the MSer in me asked…How much would I have to churn in 1 year to get myself a new Chevy Malibu?
The below stats are assuming you buy Visa GC at $2.95 per $500.
Yes I agree that is a whole lot of cards to churn but this is doable with dedication. $6,520 in fees for a new car is a pretty darn good deal. This is of course not factoring in the time you spend MSing or the TT&L once you make the purchase.
Now I’m not saying go and apply for this card. I’m just pointing out that there are other opportunities besides traveling with which you can apply your MSing techniques. So keep your eyes peeled for opportunities that may benefit you. Its kinda fun to think about isn’t it 🙂