It was the best of times, it was the worst of timing

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The points bonanza of the past two years has been absolutely bonkers. Credit card issuers have long offered welcome bonuses and spending category bonuses to entice us to get and use their cards, but nothing that I recall like these past two years.

From 75K offers on cards with no annual fee to a 100K offer on a $95 card to fee-free cards getting 3x dining and pharmacy, easy monthly rebates last year and this year, and so much more, it has been an amazing time to be a player in this game. You could trip over a new unheard-of offer almost monthly. But the unprecedented King among Kings has been the offer to get 125,000 transferable points after $6K in purchases and 15x (yes, fifteen points per dollar!) on up to $25K in purchases at restaurants and when you Shop Small in the US. I finally grabbed what I anticipate will likely be the best new credit card offer I’ll ever see — and in the best of points-earning times, my timing was almost the worst it could have been.

Finally picking up the huge Resy Amex Platinum offer (but with awful timing)

After months of talking about the most amazing credit card bonus offer that we’ve ever seen, I finally took the plunge and did it: I applied for the Amex Platinum card via the insane Resy offer for 125,000 points after $6K in purchases in the first 6 months and 15x on up to $25K at small businesses and restaurants (which is the offer you’ll see on our Best Offers page and listed on our Amex Platinum page here). We have written about this offer repeatedly because it is the hands-down best offer for a new Platinum card and the best offer we have ever seen on any credit card. I really can’t believe that it has lasted as long as it has.

Greg even wrote recently about how to turn the offer into a 600,000 or 620,000-point offer. I may just get that 600K if I’m lucky. Unfortunately, my timing wasn’t quite perfect.

I hadn’t said this out loud (mostly to not jinx myself), but I had been planning to wait until December to apply if possible. While I initially didn’t think the Resy offer would last, it has become apparent that it will probably be around as long as the current public offer lasts. Probably. I have no idea how long that will be, but I’ve been hopeful that there will at least be a rumor that tips me off before the current bonus ends.

The reason I intended to wait for December is for the classic “triple dip”. By applying in December, it would be possible to triple dip some of the card’s credits. Someone applying in December should be able to get the following before their renewal date in 2022:

  • $200 airline fee credit in 2021 (before the end of December)
  • $200 Fine Hotels & Resorts credit in 2021 (before the end of December)
  • $50 Saks Credit in 2021 (before the end of December)
  • $35 Uber credit in December 2021
  • $200 airline fee credit in 2022
  • $200 Fine Hotels & Resorts credit in 2022
  • $100 Saks Credits in 2022
  • $200 Uber credits in 2022

If one’s renewal date is in December 2022, the annual fee payment likely wouldn’t be due until sometime in January 2023. It should then therefore be possible to additionally get and use the following credits before the fee is due in January 2023:

  • $200 airline fee credit in January 2023
  • $200 Fine Hotels & Resorts credit in January 2023
  • $15 Uber credit in January 2023
  • $50 Saks credit

Actually, you could get even more than that if you count credits like the monthly Walmart+ credit, digital entertainment credit, CLEAR credit, etc. Even if you don’t value any of it at face value (and you shouldn’t), it is still very easy to surpass $695 in value in the first 13 months before the second annual fee is due and that’s what I intended to do before I am forced to decide whether to pay the fee and keep the Platinum card or drop it.

Unfortunately though, circumstances pushed me in to an early Platinum card application. I was looking to make use of a specific Amex Offer and the short version of the story is that I needed to get the Platinum card right away. More about why that is to come in another post about a different topic.

Since I had to apply this week, my first statement is scheduled to cut this month and therefore I expect my annual fee to bill after my November 2022 statement cuts. That means my second annual fee will likely be due in December 2022. I won’t probably get a chance to use the January 2023 credits unless I put up another $695. That’s a decision I’ll put off until next December.

Sadly, I will miss out on more than $400 in credits thanks to applying early. That’s part of the reason I call this the worst of timing — just a few more weeks would have netted me a few hundred dollars more.

The other thing that makes my timing awful is the mountain of spend we are suddenly facing in my household.

At the moment, we have to meet the following spending requirements:

  • $10K in the next 6 months for the Capital One Venture X
  • $10K left to go on the World of Hyatt card to finish the welcome bonus and get the Category 1-4 free night award for $15K spend this year (the current offer on this card is awful but my wife wanted to get it before going over 5/24; I wish we had focused on getting the spend done sooner)
  • Potentially $23K on the Business Green Rewards card (more on this below).
  • The Resy Platinum card offer which would require $25K to max out

That’s got to be the most required spend I’ve ever faced at one time.

Wait, the Business Green card — why?

For those raising an eyebrow at the Business Green bullet point, here’s the deal.

Last week, I opened an Amex Business Green Rewards card. Yes, I applied for what is possibly the worst Amex business card available. At the time, I did so just to trigger the +4 referral bonus on my wife’s Amex Gold card so that she would get 8x restaurants and 8x at US Supermarkets (4x at US Supermarkets on up to $25K per cardmember year, then 1x, plus 4x on up to $25K in purchases within 3 months from the referral). The holidays are a popular time for supermarket deals and I wanted to make sure we had that multiplier before visiting family in Krogerland in the coming weeks.

Since the Business Green offer had a waived annual fee in the first year, it wouldn’t add anything to my growing list of annual fees until a year from now and since I’d never had the card before, I would qualify for the welcome bonus. Yes, I’d be adding another $3K in spend, but that still didn’t seem out of reach last week.

In fact, it seemed like a pretty good deal because if I could get someone else to apply for a card with my Amex Green referral link before starting my spending on the card, I could get +4 points per dollar on the $3K required spend (a total of 5x with the card’s base rate of 1x included). That means that I’d be looking at 40K total points after $3K spend. Not a bad deal!

And then Amex offered to throw more points at me.

Within a couple of days of approval, I found the offer shown above in my Business Green Rewards card account: I could add up to 5 employee cards and get $20K points after $4K in purchases on each one. As if that isn’t already a great deal on a Business Green, stacking that with a +4 from a referral would mean getting a total of 10x on $4K in purchases on each employee card:

  • 1x base earning
  • 4x from the refer-a-friend offer (on up to $25K in purchases over the next 3 months)
  • 20K after $4K spend, which works out to an additional 5x if spending exactly $4K

In other words, for my 5 employee cards, I’d get 40K for each of them that spends $4K. On up to 5 cards. Wow!

Stacked with the 40K I stand to earn from the welcome bonus on the primary card, that would mean getting a total of 240K points with my Business Green Rewards card in the first 3 months. I’d love to say that that I planned that when applying for the card, but I sometimes it is better to be lucky than smart. The trouble is that maxing this out would require $23K in purchases.

For those who would say that I could alternatively earn X number of welcome bonuses with that spend, you are absolutely right, but earning the equivalent of 3 or 4 good welcome bonuses while only opening a single business card has its benefits.

At the time when I applied for the Business Green Rewards card, I was literally looking at it as a simple $3K spend and thinking that I had a month to stagger it with my planned timing for a new Platinum card application. Then things changed and I got the Platinum card also. I will probably meet the Green card spending requirements by buying and reselling products during the holiday season. That’s some of what I would have done with the Platinum card, so I needed a new plan for maxing out my Platinum card earnings.

A hopeful plan for the Platinum card spend

While I’ll hope to figure out the Business Green card spend by reselling, the spend on the Platinum card is a different situation given the opportunity to earn as much as 19x at restaurants and small businesses.

While the welcome bonus on the Platinum card via the Resy offer is good for both the big 125K points after minimum purchases and 15x at restaurants worldwide and when you Shop Small in the US, it can get even better. (Note that the 125K + 15x offer is only available through Resy, you can’t refer someone to this offer which is why the Resy offer is the link you’ll find on our Best Offers page).

A couple of weeks ago, Greg wrote about how you could turn the Resy offer into 600K or 620K points with a single card (see this section of his post). The key is the current +4x Amex referral promotion. If I use my new Platinum card to generate a referral link and I refer a friend who successfully opens an Amex card (keeping in mind that your friend can open almost any Amex card with your link), I can get 4 additional points per dollar on all purchases on up to $25K in spend over the next 3 months. That means that I would actually earn 19x at restaurants and qualifying US small businesses for the next few months on up to $25K in purchases! That is absolutely bananas.

Many people have asked how one would spend so much at small businesses. While I can concede that $25K is a lot to spend, small businesses are everywhere you look. I have previously written that anyone planning a wedding or who can pay for an office party rental space and be reimbursed or who is paying a contractor to do a home improvement project could probably hit the spend pretty easily. I wouldn’t probably hit $25K with stuff like dry cleaning, holiday shopping, and purchases at my small local home improvement store, but I could hit a not-insignificant piece of it with minor effort.

Of key importance: the Amex small business map (found here) is not a complete listing. Many people seem to think that only businesses labeled as “Shop Small” on that map qualify as small businesses. That isn’t true. The map can be useful for finding some qualifying small businesses, but there are many qualifying small businesses that are not listed on the Amex map. My wife has a card that has been earning +4x at small businesses from a previous referral offer and we have been pleasantly surprised at how many places code as small businesses (and it makes sense since many things are locally-owned even when they don’t appear to be downright small). Do keep in mind that some small businesses don’t code correctly for one reason or another. Sometimes you need to experiment with a smaller charge.

Still, we wouldn’t ordinarily spend $25K at small businesses in the next 6 months (or the next 3 from whenever we trigger the Platinum card’s current +4x referral offer). However, this offer is going to kick forward our timing on buying a new car.

A few years ago, I wrote about buying a car “with a credit card” to earn points. In that post, I explained how we bought the car that we currently drive and how we leveraged it into earning a bunch of points. A lot has changed since I wrote that post, but we are about to finish paying that car off. Now we are finally succumbing to the hard truth that a minivan just makes sense and we have kicked around the idea of buying one. Just a few days ago, I told my wife that we shouldn’t buy a car right now given the high price of cars. Then, yesterday, I was telling her why we need to buy right now. Crazy how quickly things can change in this game…

The value to be had here is so big that I won’t mind if we overpay a bit for the car.

That’s because many car dealerships should code as small businesses. For me, that was intuitive from the start: most car dealerships are franchise businesses owned by a local company, group, or person. Maybe it’s because I grew up in a small town where I actually knew the faces of the people who owned the dealerships because they were constantly in the community and their kids were in school with me, but I pictured a car purchase as a great way to meet the small business spending requirement from the start when this offer came out.

Sure enough, Amex’s small business map shows plenty of car dealerships with the ShopSmall logo (though not all of them as you can see here).

Is Burdick Toyota not a small business also? The fact that the map is missing the icon doesn’t definitively prove it isn’t, but at the very least it is clear that many dealerships do indeed have the Shop Small designation.

And let’s be clear, it isn’t just the Shop Small icon on the search page, but when you click through on a dealership that has the icon, Amex’s map makes it clear that many dealerships are qualifying small businesses.

With used car prices (and values) high, I had anticipated trading in our current vehicle, but now I’ll look to sell it privately and use the funds toward paying off the new car. I expect our current car to fetch something in the low to mid $20K’s and we’ll probably buy a used (er, “pre-owned”) minivan in the $25K-$30K price range. We’ll cover the difference out of pocket (at least initially). That’s because I want to pay the full price of the new vehicle on my Amex Platinum card.

Will it be possible to buy a car entirely on a credit card? Many will say it isn’t. And I expect it to be very difficult, but I’m not convinced that it will be impossible to do. Heck, Richard Kerr did it years ago and wrote about it in a TPG post that I can no longer find. Jason Steele did it this year (also written about at TPG). I won’t let them show me up. Game on, gentlemen.

Most dealerships will not take the full purchase price of a car on a credit card, so I expect this to be “not easy”, but I intend to make it my mission for the next 3 months to find a minivan we want at a qualifying dealership that will take the entire purchase price (or at least the $25K) on a credit card. That might mean having to settle on less important things like the color of the car or the exact options package we want. It may also mean paying an extra 2 or 3% to cover the dealer’s swipe fees. I won’t mind.

That’s because the return here is incredible. If I am able to successfully charge a $25K car to the card at a qualifying “Shop Small” dealership, I’ll end up with:

  • 375,000 points from $25K spend at 15x
  • 100,000 points from the +4 referral offer
  • 125,000 points from the welcome bonus
  • 600,000 Membership Rewards points

If I later open the Schwab Platinum card, I could redeem those points for $6,600 — a rebate of 26.4% on a $25K purchase. That’ll more than cover whatever upcharge the dealer wants to add for paying with a credit card. Alternatively I could use the points for a more valuable redemption of course — like maybe 4 round-the-world business class tickets with stops in 8 cities. That’s not a bad side dish to get with a new car.

How will I find a dealership willing to take the full purchase price on a car?

I guess my first step will be reaching out to Jason Steele to get a lead on the dealership he used :-).

After that, my next step is the Amex Auto Purchasing program. I wrote about this in my previous post about buying a car with a credit card. In short, the Amex Auto Purchasing program is an Amex-branded version of TrueCar, the site/service that links customers with pre-negotiated deals on vehicles through local dealerships. The Amex version only lists dealers that take an Amex card for at least part of the purchase price.

I’m not sure if they still do, but in the past the initial email you got from a dealer used to show how much of the car purchase price could be put on an Amex card like this one that says the dealer accepts any American Express card for up to $5,000.

In the past, I found that some dealerships explicitly said that they would accept the entire purchase price on a card. See here:

The  prices I’ve seen via the Amex Auto Purchasing program are usually decent but rarely great. Still, if I can use this to identify the dealerships that will take an Amex card for the full purchase price, that will be great. At the very least I can quickly identify the ones that won’t balk at taking an Amex card.

It is worth noting that if you pursue the Amex Auto Purchasing program (or probably anything similar), you should create a new junk email address to use and probably also create a free Google Voice number. Otherwise, you will be absolutely inundated with a deluge of emails, phone calls, and texts from dealers for years. Ask me how I know.

I think it is equally possible that I’ll find a dealership through that program or that I’ll find an even smaller truly “local” used car dealer looking to make a sale. Or maybe I won’t — I can’t unequivocally predict success, but I have six hundred thousand reasons to put in some effort and plenty of miles to fly wherever I need to in the US to pick it up. Game on.

A crazy idea to leverage the purchase a bit more

Let me be clear that this post is not financial advice. I’m not a financial advisor and I could be off my rocker here, but I have a kind of wacky idea about what I might do after buying a minivan and selling my current car.

After buying the minivan and selling my current car, I’ll obviously pay off the Platinum card immediately. Then I’ll have a paid-off car on my hands.

I haven’t dug deeply into this, but I think it should be possible to take out some kind of auto equity loan / refinance loan to then take cash value out of the car.

With interest rates as low as they are, my thought is to take a loan for $20K against the car after purchase. Then, my wife and I will look to put the $20K into I-Bonds at Treasury Direct (each of us could buy up to $10K per year). The current rate for the first 6 months on I Bonds is 7.12% interest. We won’t know the rate for the second half of the first year until May, but even if the rate is 0%, the money should earn a risk-free 3.55% over the first year. Note that you can’t cash out I Bonds for a year and then if you cash out sooner than 5 years you forfeit the last 3 months of interest. Still, like I said, even if I earned zero interest for the second six months, I’d come out decently ahead of current low car loan rates. Note that I’ve only done cursory research on this, so do your own homework.

If I am correct, I expect that the interest earned from the I bonds in year 1 should nearly negate the interest owed over the entire term of the $20K loan (there are a lot of unknown factors here: if I am even able to take a loan against the car, I obviously don’t know exactly what the rate and terms will be, I’m just making guesses based on current used and refinance rates at the most competitive institutions).

Then, if I’m lucky, I may be able to pay off the loan with a credit card and earn more points from this purchase.

Will that really happen? I don’t know, but it’s fun to think about how much juice I can squeeze out of this purchase. Thanks be to Amex for putting me on the road to points riches.

Bottom line

I finally opened the Amex Platinum under the insane offer from Resy that could yield me 600,000 points. With a lot of spend to do over these next few months, I think my best bet for the spend will be to trade out my current car for a replacement if I’m able to find a qualifying small business dealer to take the full purchase price of the car on my new Platinum card. While my application timing is imperfect both from the standpoint of missing out on some extra credits and because of the mountain of spend I am currently facing, the rewards I stand to earn should make up for whatever I lose in extra credits or time. I certainly hope so. At the very least, I am excited about the challenge to put this amazing new card offer to work for me.

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Nes

Damn that’s crazy and i fckn love it!! Go for it sir

Alex

Hi Nick! Nice ambitious plans with purchasing a car on a credit card. I don’t think you’ll have much problem with it if you’re really willing to throw the dealer extra 2-3%. And yes, if you pay it off, you should be able to turn around and refinance around 2.5%.

Question for you if you don’t mind. I had my wife apply for Business Platinum card since both of us already have vanilla Platinum, making us ineligible for Resy offer. Then my wife referred me to Business Green to open up 4x. I chose it because it has no AF and doesn’t add to 5/24. Then I got the same banner that you did.

I can refer my wife back from Business Green probably to Hilton Aspire since I don’t see many attractive offers for her and she has fifth Amex credit card slot open and never had Aspire. But my problem is where to take 5 employees to open the cards for. Both wife and I have real businesses but both are self-employed with no employees. How do you solve this problem? Are you using F&F or is there a better way?

YY Fung

Nick, you said Business Green was luckiest mistake. I made a mistake too. I wanted to trigger my husband’s AMEX PLAT (vis Resy link) for 4+, so I got my family member applied for AMEX gold. Now I think back I ‘m not sure 250 annual fee could be well covered. (ugh!) I wish I made your lucky mistake.

YY Fung

1]My BBP doesn’t have any Referral Link. Can anyone help?
I have referrals links from my green, gold, plat, plat business, etc.

2] My P2 open 125K Plat via Resy. He could generate referral links immediately. I wanted to use his Plat to apply for Gold. However the gold has 60K only thru his “Plat” referral page. The strange thing is if he generated the referral link from his Gold, he could see gold offered 75K.
Any tips/ help to get 75K via Plat referral link?

Thanks!

YY Fung

For the referral link generated from BBP, I was finally able to generate the BBP referral link via Incognito window. I used that to refer my P2.
Just the system of AMEX this afternoon was very strange, when I am asked to answer security question to get temporary card number, the page got lost. No I have to wait until Dec 9. And because of this, I can’t generate the referral link from my P2’s new BBP link.

YY Fung

Again, wanted to share the experience. All in sudden I got the welcome email from AMEX and there was “get your number” button. I did that on my mobile (Nick and Greg mentioned to try different browser/ devices), and I was successful to get the temp. number which means I am now able to generate the referral 4+ link.

YY Fung

My husband has 4/24. Is it worth using the last one applying for AMEX Plat Resy? The points potentially generated is more tempting than CIC/ CIP he supposed to apply next two months. Thank you

YY Fung

THANK YOU SO MUCH!!!!!!!
One more question – If he gets the Amex Plat. now, can he use the FHR $200 credit for calendar year 2021 immediately? We want to book sth. in Napa at the end of Jan 2022.

andy

Hi Nick, how are you getting to 40k here?

In fact, it seemed like a pretty good deal because if I could get someone else to apply for a card with my Amex Green referral link before starting my spending on the card, I could get +4 points per dollar on the $3K required spend (a total of 5x with the card’s base rate of 1x included). That means that I’d be looking at 40K total points after $3K spend. Not a bad deal!

5x on 3k spend is only 15k points. What am I missing?

andy

Ah I forgot about the welcome bonus. Thanks

Cindy

Wow, that is a lot of spend! That is an amazing amount of MR points you can get by buying a car. Good luck getting the dealer to take the whole thing with your Amex. Like you said, it is well worth it if you have to pay the swipe fees.

Par

omgg. Life is too short to even read this post, let alone partake of this scheme. Good luck though, I’ll be thinking of you while biking, hiking, traveling, eating, and doing all that stuff I get to do b/c I’m not doing what you’re doing.

Dan

Did this process a couple months ago, it was very stressful but after 5-6 weeks found a decent-ish price on the desired car, dealership agreed to take a 20k down payment on amex w/no swipe fee.

Out of 4 other dealerships -one would have accepted the full 20k but with a 5% fee, and the others all had 3k hard limits on CC’s.

dizzy

I was thinking to app plat (69th time’s a charm? dang pop up for eternity) and was hoping to do in the next week or so for triple dip/ be able to use on a thanksgiving trip. Now i’m worried/confused I won’t get the triple dip (also see @kevin’s response below). Altho amex may hate me in the end anyway so it could be moot.
What date did you app ?

Last edited 7 months ago by dizzy
Kevin

Not sure why your first statement date is so soon. I just got the Amex Biz Plat on Nov 16th and statement closes December 16th, leaving me plenty of time to triple dip the credits. Annual fee will post December 16th, and then I’ll have until mid-January to triple dip.

Last edited 7 months ago by Kevin
Mr. Burns' monkeys

You misquoted. It’s, “It was the best of times, it was the blurst of times.”

john

I am having issues accessing the application page on Resy. Getting a 404 error. Is there another link besides the one in your Best CC Offers page?

Erik

Great post! Thanks. Any thoughts/experience on whether paying college tuition to a small, private liberal arts college would qualify as small business and get the 15x?

Ben

Great post but good luck with buying the car on a CC.

Good luck buying the car at all.

There’s never been a worse time to buy a minivan

Dom

This type of post is exactly why FM is the best miles and points blog and podcast out there!

Thank you Nick! You just planted a seed that could be worth 250k points for me.

Steve

I thought the AMEX Referral 4X promo ends in 12/01?

Marianne

Hi Nick, I thought first statement can be as long as 60 days? It was my understanding from a few data points on Reddit that you can message Amex and have them move your first statement close date to January to be able to still take advantage of the triple dip.

Peej

This would be helpful to know. Would like to apply now but I’m waiting for December to apply for the triple dip, but have some spend sooner than that. Hopefully some can shed some more light on this.

Marianne

Thanks Nick! In that case, being eligible to get a prorated refund from Amex sounds ideal in your situation (hopefully the used 2023 credits would also safe from clawbacks). Also, your post has me thinking if I want the best possibility to be able to do a triple dip AND earn 19x at restaurants/small businesses for the next few months, then the optimal time to apply for the Resy offer would really be the last few days of November. If you applied and get approved let’s say Nov 29, you can still technically refer p2 or a friend before the current +4x Amex referral promotion expires Dec 1. If the AF hits as early as the 2nd week of Dec, then there may be a small window during early Jan 2023 to be able to do the triple dip.

Joe

Can you share how you plan on meeting the 15k minimum spend requirements?

Brutus

O, That way madness lies…

Captain Greg

Nick, this is your craziest, most impressive idea yet! AND I think you just made me 60k more membership reward points thanks to your post. Can you please help me clarify…

I recently got the 150k bus platinum offer, then referred P2 to get 4x. I was going to meet most of the spend by pre-paying taxes on my card (@5.5x), BUT I just realized (thanks to your post) that I can add employee cards where I get 20k bonus points when they make $4k in purchases. I should absolutely add 3 employee cards and pay $4k in taxes on each of them, right (or maybe $5k on each to get the 1.5 MR bonus…gonna have to think about the math)? This will count toward the SUB plus the AU bonuses, right? And I will get 150k bonus, plus 60k in AU bonuses, plus the added 4x from the referral bonus, plus the added base spend bonus. Man, that’s going to be close to 300k. Amazing.

One more question: do I need to provide SSN for AU’s? Right now I really only have P2 who I can add with an SSN. Any tricks to this? Who are the 5 AU’s you’re going to add?

Thank you for this post. You’re a genius, Nick. I love FM!

Biggie F

I’m doing $5K per employee … it’s 27,500 MRs versus 20,000 MRs, so that’s 7,500 MRs for an extra $19.98 (or whatever) in credit card fees to those credit card payment agencies. At 375 MRs per $, I’m a buyer.

P4’s employee card just showed up without us putting in a SSN. I did put in his real e-mail, and gave him a heads-up in case he got any e-mails, but so far, nothing. P6 is a cat; I’m not sure I’m going to go there, so if I get to P7 and P8, they are going to have to be further family members.

Captain Greg

Well, it’s 27,500 (20k SUB + 5k spend + 2.5k for >$5k single purchase) vs 24,000 (20k SUB + 4k spend), right? So, 3.5k more at the “cost” of $20 in fees? Still probably worth it. Although, I’m realizing that since I’ll be getting an extra 4x from the referral, it would be worth spending $5k on five AU cards on taxes. I just don’t know how I feel about giving the government $25k and hoping I get it back in a reasonable amount of time while having to float that cash. I can float it, but there’s a lot else you can do with $25k in the meantime too.

Biggie F

I was ignoring the 20K bonus … just saying 5.5 x 5,000 vs. 5.0 x 4,000.

I guess with savings accounts paying 0.5%, I’m willing to let the IRS hold the money for a few months, although I still have trouble with the idea that the IRS is laundering money and points for me. Not ethically, just comparatively… I mean, why are we allowed to do things with the IRS that we aren’t supposed to do with Plastiq?

Of course, the fact that the Treasury lets you buy an additional $5,000 worth of Series I savings bonds with a tax refund does suggest that they are not beyond incentivizing over-withholding schemes.

Captain Greg

How do you avoid putting in the SSN? I got a bunch of employee cards the other day, but the first one I tried to register had to include SSN and DOB. Luckily, I tried this out with P2 who I was going to register anyway, but now I am trying to figure out how to do it with my 5 month old son and a pseudonym I use for myself…Any suggestions?

Captain Greg

Hi Nick, Can you give me some advice on confirming authorized user business cards without giving a SSN or DOB? I can’t seem to figure it out…. Thank you

Jags

Bravo to you on the reselling. I wish I had the patience and confidence I’d be able to do it without sustaining a loss.

Brant

I can only assume you’ll be doing some manufacturing. Anything new on the GC liquidation front?

Mary Jane

Hi Nick, I love the analysis. How were you planning on using the Am Exp airline credits on short notice?

JL100

Funny you are running into almost the same problem I was thinking of, but are a larger scale. Almost all my charges are now going to Amex, which I really only use for Delta and have rarely cashed out a few at 1.25 per point on Schwab. I am now spending some on Barclays AA for a SUB, but where is the love for all the other issuers – but no one has been paying for regular spend like Amex in 2021!

john

You posted that you applied this week. Wouldn’t your first statement cut in Dec? Why would your first statement be November?

LarryInNYC

How’s many days from approval to statement date? Trying to decide whether P2 stopped hit “go” on the Resy offer tonight or wait a couple if days — maybe until the weekend.

Matthew

Wow, sounds exhausting, but good luck. I’ve felt the crunch a bit too with $8k spend x2 for Hilton, Marriott 10x PayPal, etc etc. I’ve been busy spending creatively on Amex a ton lately. For your Hyatt, maybe Simon will come out with a 60% off fees for the holidays, hehe.

I believe Amex still prorates on downgrades so if you want to move from Platinum to Green in 2023, you may still be able to triple dip. Is changing your billing due date with Amex helpful at all? Or possible?

At least you locked in the Resy offer. I’ve been really tempted to get it with my P2. But signing up for the CSP was a bit of a push anyway.

Dan

Good luck Nick! Can’t wait to read about how you make this work.

LarryInNYC

Will also just add that we raised two kids on station wagons rather than minivans. We’ve always gotten models with the pop-up rear-facing seats in the back to accommodate larger groups for short trips when needed.

Jags

E63 AMG Wagon perhaps?

Jason

Minivans are the best- totally functional. Weird emotional reaction from some folks, just ignore the haters. I don’t even have kids, but for car camping, hunting, and major house remodels can’t ignore hauling plywood inside and a trailer of mulch all at once! 🙂

Effie

Might just be anecdotal, but you might still be able to triple dip I’ve found on most of my Amex cards it takes a few weeks for the annual fee to post .

LarryInNYC

We are shortly (perhaps today) going to pull the trigger on the Amex Resy Platinum for P2. Would then like to use that card to refer me (P1) to some low-cost Amex card to add +4 points to the spend and also apply for a VentureX card for myself. So will probably be facing something like $40K spend over six months as well.

While we’ll also need to be getting a new car we’ve decided to keep the old one going until sanity returns to car pricing. Presumably our very fine mechanic will code as a small business.

Instead of spend on a new car, we’ll be counting on home heating oil to make a dent in our small business spend. Does anyone have experience with heating oil providers in NYC coding as small businesses (ours is Approved Oil, I think they’re in the Bronx)?

Another Jeff

Probably a wash if it even applies, but some states credit the trade in value against sales taxes on the new vehicle.

Aloha808

Not that it changes things much with a new Resy Platinum, but fyi I’ve found that some car dealerships code as dining with Amex.

Dee

I can’t wait to see how you make this work, Nick. I’m cheering for you!

Darlene Ashley

Is the resy card a regular Platinum card? My husband got the platinum card with the prior great offer you and Greg wrote about. I’ve had a Platinum card for over 2 years. Does that mean we wouldn’t qualify for the resy card?

Alex

Is this your first vanilla platinum or are you somehow skirting lifetime language?

AlexL

I thought you would have applied for the 100K offer starting from last year.

Steve

“$10K left to go on the World of Hyatt card to finish the welcome bonus and get the Category 1-4 free night award for $15K spend this year…”

I thought the Hyatt card spend for the bonus 1-4 night was now $15k per membership year, not calendar year?

Greg The Frequent Miler

The opposite: it recently changed from anniversary year to calendar year

Josh

and this year, at least for people who were force PC’d from old Hyatt to World of Hyatt, you have opportunity to earn 2 free nights with $15k spend from Jan 1 – your card anniversary date, and $15k spend from your card anniversary date to Dec 31