Buying groups: Big risks / big rewards | Ep223 | 10-7-23
Frequent Miler on the Air
Frequent Miler
4.9 • 638 Ratings
🗓️ 7 October 2023
⏱️ 78 minutes
🧾️ Download transcript
Summary
Buying groups can be a highly effective way to increase credit card spend and earn big rewards, but they can also be a perilous path toward problems. Greg and Nick discuss what they are, why you might want to use them, and why they may not be right for you.
00:00 Intro
00:47 Giant Mailbag
08:30 Card Talk: Amex Business Gold card
20:37 What crazy thing . . . did Marriott phone reps do this week?
https://frequentmiler.com/marriott-rules-for-extending-free-nights/
25:48 Award Talk: Capital One "Move Rewards" is back
https://frequentmiler.com/huge-if-true-convert-capital-one-cash-back-to-miles-by-moving-rewards/
28:32 Award Talk: JetBlue status match update
https://frequentmiler.com/digging-into-jetblues-amazing-status-match-for-delta-elites/
31:07 Main Event: Buying groups: Big risks / big rewards
42:26 How buying groups operate
45:55 Some common risks
https://frequentmiler.com/a-buying-group-deal-gone-wrong/
58:30 Is it ethical?
1:12:34 Question of the Week: I got the Citi Premier card and forgot to meet the spending requirement, so I never received the bonus. If I close the card and apply new, would I be eligible for the bonus?
Music credit: Annie Yoder
Mentioned in this episode:
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Transcript
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| 0:00.0 | This is a Voyescape podcast. |
| 0:03.9 | You can find all of our travel podcasts from around the world at voyescape.com. |
| 0:10.7 | Let's get into the giant mailbag. |
| 0:13.5 | What crazy thing did City this week? |
| 0:17.5 | It's time for mattress running the numbers. |
| 0:19.8 | Ready for the main event? |
| 0:21.0 | The main event. |
| 0:22.3 | Frequent Miler on the air starts now. |
| 0:26.6 | Today's main event, buying groups. |
| 0:29.4 | Big risks, big rewards. |
| 0:32.4 | So buying groups are a way of spending big on your credit card and getting all of your money back. |
| 0:38.9 | But there's danger there, Will Robinson. Danger. |
| 0:42.2 | Hopefully you get all your money back, right? That's the plan. The idea is to get all |
| 0:45.3 | your money back. And we'll talk today. That's a really good point. |
| 0:48.7 | About some of the potential risks and pitfalls there and how that could end up being an issue. |
| 0:53.1 | But first, of course, |
| 0:54.8 | Greg needs to drag out the giant mailbag. Today's giant mail comes from Michael Scott. And we all |
| 1:01.9 | know him as the boss at the office. So here's what Michael Scott has to say. I've never seen the office before. |
| 1:07.8 | What? I totally didn't get that reference at all when you said we all know him i was like |
| 1:12.6 | we do we everybody in the world except for nick knows michael scott as the manager at the office |
| 1:22.0 | on the show the office come on nick oh my god. Anyway, I never, I never cease to disappoint. |
| 1:30.9 | Don't worry. |
... |
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