As you probably know we just did a large App-o-Rama, or 3BM ( 3 Browser Method) recently. Today we will share what is going on, how we are doing the spending, and some inside tips. First, we would like to start off with screen shots of the approvals.
Under my name I applied for following cards:
PREMIER REWARDS GOLD CARD FROM AMERICAN EXPRESS
THE AMERICAN EXPRESS BUSINESS PLATINUM CARD
SIMPLYCASH@ BUSINESS CREDIT CARD
(2) THE AMERICAN EXPRESS BUSINESS GOLD REWARD CARD
PLATINUM CARD(R) FROM AMERICAN EXPRESS FOR MERCEDES-BENZ
As you can see they were all approved, beside for one of the BUSINESS GOLD REWARD CARD because they considered it a duplicate application. Interesting to note, on my wife’s application I got 2 of these cards approved, possibly because they were applied for closer together. Let’s take a look at the account and see how they are coming along.
Biz Plat spent $2.5k / 20k
Biz Reward Gold $1.3k/ 10k
Simply Cash $1.8k / 5k
The following cards I have already finished the spend on
MB Platinum Card $3k/ $3k
PRG $1k /$1k
Total I still need to spend is $29,500
Now you may notice that I did not include that Platinum card that I was approved for. Truthfully I didn’t notice until now, but it never came!!! I am on the phone with them now asking them where it is. Luckily I am writing this post and noticing it!
How do I do my spending?
No, we do not do refundable airline tickets, nor do we do MS (Manufactured spend) we do legit spending. here are some examples.
We bought Wii U from Best Buy for $250 each.
What did we do with them?
We sold them on Amazon Seller Central!
What are the fees and cost in doing this?
Let’s take a look at the Amazon Fee structure. View the Amazon Revenue Calculator here.
Enter in the ASIN and calculate the cost.
This item will sell for $310, and will gross $283.49 subtract the $250 I paid for it will net a profit of $33 per unit (less shipping to amazon costs)!
What were the inbound charges?
3 wii’s shipped together in one box only costed $7.75, only $2.58 per shipment.
That means each wii had a profit of over $30.
Now there are more ways that we can make this even more profitable, but we can’t share all the secrets in one day! Okay, we will share just one more. Before we bought this item we visted ebates.com look what happens. Each order adds up to some serious cash back!
Not every website gives free money but all the big sites that you are shopping on anyways will give you some cash back. Open your account today!
Next update. Wifes cards!