Episode 189: What is Manufactured Spending?

•  SCENARIO #1:   

• Cristobal signed up for a program where he can buy products for free with his credit card and also get 3.5% back in rewards. He usually has to wait over a month before getting the refunds on the products he purchased, but end up with $1000 of dollars in rewards even though he didn’t spend a dime. Should he continue with this routine to earn rewards or should he worry that his account could be closed?

• SCENARIO #2: 

• Arlene wants to earn the maximum in cash back rewards possible. She is deciding between sending money to herself using a popular payment service or buying cryptocurrency and immediately selling it. Which is the best way for her to earn her cash back? 

• SCENARIO #3:  

• Sepi thinks she might start a fundraiser using one of the popular platforms and use her credit card to reach her goals, that way she can get 2% cash back on the money she spends and then use the funds to pay off her credit card bill. Do you think this will earn her money at the end of it all?