Posted by Chuck on February 28, 2019
Manufactured Spending

Published on February 28th, 2019 | by Chuck

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Chase INK Preferred No Longer Earns 3x on Venmo, Giftcardmall, and Simon

Reports indicate that as of February 26, 2019, Chase INK Preferred is no longer coding to earn 3x points on certain places which used to work. Three changes being reported are Venmo, Giftcardmall, and Simon Mall online (I believe that’s referring to simon.giftcardmall.com).

Still earns the regular 1x rewards, but no more bonus 3x earn. Big hit to manufactured spenders.

A reader comments that eBay fees also stopped earning 3x. There are likely some more things as well, probably due to some MCC’s being excluded.

Hat tip to reader beefer and r/churning



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Jeff
Jeff

This was going to be my next card in less than a month. Fantastic…

AKSF
AKSF

Still a great card for the signup bonus!

YoniPDX
YoniPDX

One if the best – even with the AF paired with CSR its net $1,105.

Beefer
Beefer

Oh no now I have to get a real job 😭

ZipZapKaZoom
ZipZapKaZoom

Buggers

Shady M.
Shady M.

Is there a reference for what merchants currently qualify for x3, x5 etc?

Hodor
Hodor

Yes, DoC Payments Workshop.

Shady M.
Shady M.

Thanks Hodor

William Charles
CtownBin
CtownBin

Is giftcards.com also no longer working?

SideshowBob233
SideshowBob233

Assumed but not sure if there are any DPs yet.

Drivesabrowntruck
Drivesabrowntruck

Let’s just assume it’s dead, it’s better that way for everyone 😉

Tugboat
Tugboat

We don’t know CtownBin, but why don’t you just bring it up as much as you can to see if you can get it added to the list. Can somebody please remove his comment?

Kelly Turner
Kelly Turner

Why don’t you find out for yourself and stop posting about it?

MoreSun
MoreSun

RIP

Blue
Blue

Brutal hit.

Drivesabrowntruck
Drivesabrowntruck

Thanks Doc for not revealing this sooner, I and many others appreciate your discretion.

rick b
rick b

Yes, because that really saved it. You know the regular part time MSers would have totally ruined it for all those abusers doing 100k+ a month. LOL. Get real…every heavy hitter hush hushing it among themselves collectively is what killed it Blackhawk probably had to pay higher merchant fees for this bonus and finally noticed the $$ adding up.

Drivesabrowntruck
Drivesabrowntruck

rick b so I guess it’s just coincidence that there are still avenues alive that aren’t publish on blogs that are alive and kicking, yet this one is getting destroyed. Heavy hitters could have been restricted from earning while keeping the catagory alive, yet they didn’t do that, they changed the category. I’m sure heavy hitters were abusing Venmo with the 4 card limits in place, right? Even using the CIP alone, moving $1000’s of dollar over Venmo at 1CPPis what heavy hitters were doing, Venmo wouldn’t shut them down or anything, right?

rick b
rick b

GC.com paying 2x died, and that was closely guarded secret. Yes, everything that dies, is from heavy hitters mostly, who are the ones scaling it up. 1000 people abusing 100k+ a month will start to be noticeable to the marchat or CC issuer.

And this scheme is something many people would have stumbled on anyway. CIP is a popular card and GCM / GC / Simon is the most popular place to buy GC.

Denis
Denis

How could they make $100K monthly if the 3x limit on CIP is $150K annually?

Drivesabrowntruck
Drivesabrowntruck

It’s ok, GC.com is dead so nothing to see here.

Blue
Blue

One can have…several…cards under one’s control.

FLY
FLY

By having more than 1 CIP. in my HH we have 4.

Denis
Denis

Well, you need to have at least 8 to exceed $100K

philco
philco

True heavy hitters are unlikely to be hitting the Ink Preferred all that hard as a 150k annual cap is not heavy hitting. Yeah they could play with multiple SSNs/EINs but even that only gets you so far. This died because it wasn’t a real secret just like the ATTM card also died for GCs (that was even less of a secret). It wouldn’t have been hard to for Chase to spot this activity.

philco
philco

Well it may have lasted longer because of DoC’s discretion. Remember Plastiq 3x on CIP died within days of it getting a lot of press (admittedly not just MS type blogs). This wasn’t that much of a secret it was posted on Reddit and FT if you were paying attention. I found out about it first on a semi-public forum.
Striking a balance here is not easy. The heavy hitters blame newbies, newbies blame heavy hitters, everybody blames bloggers and so forth but the bottom line is any really lucrative offer is going to die. Just a question of volume and time. We all cause the death of these things.

Mike
Mike

Oh lame I literally was just talking yesterday with friends about how I have point arbitrage with CIP, CSR, and Venmo.

Vik
Vik

It seems to also not be working now for Ebay fees. I have a payment on 2/25 that coded as 3x but my payment on 2/26 only coded as 1x

perfectviking
perfectviking

Are all your reports from reddit?

FindingMyPossible
FindingMyPossible

This hobby is built around individual data points, not blog posts. Where would you recommend getting those DPs from other than reddit? I honestly want to know because I want to personally get the most up to date info as I can.

FLY
FLY

there’s abundance of groups out there that are private that shares info collectively just not to the masses and out in the public.

Jack C
Jack C

Flyertalk as well. And yes, there are DPs on both Reddit and FT about this.

rick b
rick b

FT is getting useless, everyone is being secretive and not revealing anything but want others to provide all details.

YoniPDX
YoniPDX

Another way bites the dust.

Will
Will

Definitely hat tip to reddit for killing it

FLY
FLY

I guess? It gets downvoted and killed pretty quickly whenever it’s brought up. DoC’s payment workshop isn’t exactly “hidden”

Will
Will

One of the mods literally stickied it in the weekly RAT tipoff thread. Can hardly consider that downvoted and killed

MickeyMouse
MickeyMouse

Whoa whoa whoa you mean at one point it did earn 3x on VGC via Simon mall online?!?!?!?! If I’d have known that I’d have made tens of thousands 🙁

Jeff
Jeff

MS insiders did a great job keeping this secret. Lasted a much longer time than it would have otherwise. Sad to see this go.

perfectviking
perfectviking

No they didn’t. This was barely a secret.

AJ
AJ

reddit reddit reddit lol

FLY
FLY

way longer than “at one point”. I’ve only been in the game for a bit over 2 years and since day 1 of me starting it’s coded at 3x.

Eduard
Eduard

Same boat! haha, never knew this was an option. I would moderately buy on GCM. Oh well.

JSEA747
JSEA747

Well, shit…

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