Milenomics² Podcast Episode 212: Fluz News, Risky Business, and we Do it Live!…on (Patreon)

0:22 Fluz Time

• Multi-use cards becoming available to more people, with a lot of hiccups along the way
• Once they get them working for you, they’ve been quite reliable
• Starting to really become an issue is the 3-day hold on amounts over $2,000.
• They seem to be processing gift card to cash balance conversions relatively quickly again
• Discuss just how many cards it makes sense to do 3% MCC category loads on
• Seriously considering spinning up a second power portal

16:20 Risky business step one gold to platinum conversion

• In an attempt to capture 2 years worth of incidentals, I went to upgrade a gold to a platinum business card
• Initial reps seemed to make it sound like this could be done online on my own by clicking a link
• Nothing that I did seemed to support that including spinning the card off to its own login
• So I hung up and chat it again and got a rep to process the upgrade with no potential upgrade bonus
• There are and have historically been great upgrade bonuses so that's something to consider as well
• I asked the rep about my employee cards and was assured that they would process as no fee expense cards
• That didn't happen in $2,000 worth of annual fees hit the card
• I chatted to unwind that as soon as I noticed it and have started work on the incidentals.
• Brings up the idea of a gold to platinum personal upgrade for $200 on either side of the calendar. That one can be done online

22:52 Amex Business Gold Application

• Reconsideration resulted in a letter from Amex requesting 4506-C form to allow Amex access to tax returns for income verification AND a letter from a bank on their letterhead verifying my address along with a banker’s name, signature and hours of availability
• Enlisted the help of my favorite private bank…Onyx!
• Submitted docs electronically to Amex. We’ll see…
• Discuss: Is this what it’s going to take to churn Amex cards going forward? What’s tripping applications into this state? It seems to coincide with getting a duplicate application reconsidered but there has to be more to it than that, right?
• To Be continued

27:38 4x Elan Cards

• Applied for one of these through Eastern Bank, where I have a checking account and am a shareholder, and was…denied
• Applied through another area bank that I don’t have any relationship was as…approved

34:38 Evergreen Topic: giftcards.com, shopping portals, and eGC Liquidation

• Be sure to install the browser extension
• 9-12% on GC.com orders
• Opportunity cost of other portals
• Email offers can be used more than one time.
• Getting a workflow setup from GC.com->Portal->Liquidation is worth setting up. These players are long term in this game.
• To Be Continued

47:15 Do it Live! BofA Elite Application

• Pawn Brokers An Auctioneers and more
• Applied for myself and….