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re: How to make $300k arbitraging credit card points and then pay zero taxes on it

Posted on 4/28/24 at 10:38 am to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48749 posts
Posted on 4/28/24 at 10:38 am to
quote:

Amex caps the grocery store 6% cash back/rewards on grocery stores at $6,000.

AMEX gold is capped at 25k I believe but you have to pay $250/yr.
Posted by Odinson
Asgard
Member since Apr 2014
2758 posts
Posted on 4/28/24 at 10:58 am to
I manufactured spent over $100k through Coinbase for cc initial bonuses back in 2017 when they allowed CC deposits. A lot of loopholes got shut down throughout the year but there’s still some unicorns around that people are very hush hush about.
Posted by slackster
Houston
Member since Mar 2009
85115 posts
Posted on 4/28/24 at 12:36 pm to
quote:

AMEX gold is capped at 25k I believe but you have to pay $250/yr.


Yes but it’s only 4% and it’s points.

I take full advantage of Gold/Blue reward programs, but I’m not going to spend 8-12 hours per week trying to churn offers across all companies and banks.
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