The Wednesday Morning Weekly — September 18, 2024

Disclaimer: I am not an estate planner. These are my personal opinions/ideas in this article, and was just wanting to share them with the community. Please consult with an estate planner for your personal needs.

In the bank account bonus hunting hobby, we open up many accounts. Sometimes we have large amounts of money in a few of these accounts to meet the requirements of the bonus. Or we have utility accounts, such as hubs, which we never plan to close; these accounts can have significant amounts in at any given time. Or we might have retirement accounts, both tax-sheltered and non-tax sheltered with large amounts in them as well.

I personally feel it is important to setup designated beneficiary/beneficiaries for every account possible if the accounts hold a significant amount of money. If you don’t set it up or the bank doesn’t offer it, when you die, it then goes to probate and the courts can decide when your beneficiary/beneficiaries get the money — which could take months or years, instead of a couple weeks.

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Update 9/17/2024. I am told that Pepper is now coding as Computer Software again (MCC 5734) on Amex for 4x MR — we’ll see. Pepper is so up in the air. I won’t be surprised if this intermittently works with ABG in the future. And I am not sure if Pepper is even sustainable. But I’ll work it while it lasts! Can’t resist 12-16x cashback on Amazon, Walmart, Sam’s Club etc.

The following originally written on 9/15/2024:

Pepper is a great app for purchasing dozens of various popular eGift cards at great discounts — you also have immediate access to the gift card after purchasing it with no delays. At this time of writing, Pepper often has 10x discount boosts on Amazon, Walmart, Sam’s Club, etc. eGift cards.

We used to get 4x MR when purchasing a Pepper eGift card with Amex Business Gold. The following are some alternatives.

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Previously this deal expired on 9/9/2024. It has been extended to 10/31/24.

Deposit $25k with 30 days of opening and maintain from days 31-90. Bonus posts after 14 days after completion. Assuming one transfers in 5 days before the end of the 30 day period and withdraws it 14 days after the 60 day maintenance period, this results in an effective APY of 14.6%.

See Profitable Content and DoC for more details.

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Update 9/11/24: I was recently approved for this account. I’ll be investing $20k for 75 days for $1,000 SUB which results in an effective APY of 26.8%. See end of article in the Updates section for more details.

The Wednesday Morning Weekly — July 10, 2024

Normally I write an in depth article for the weekly Wednesday morning post, but haven’t been feeling that well the past several days. So instead, today I’ll share this incredible deal I just now found from Danny the Deal Guru’s web site.

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When signing up for a Chime Checking account, as part of the application process they have you check some checkboxes agreeing to Terms of Service. Often people just blindly click all the checkboxes to get through an application more quickly.

Chime sneaks in a Credit Builder Secured Credit Card application as part of this “Terms of Service” agreement for the checking account. In my opinion, this is deceptive and they shouldn’t be allowed to do this, but I am no lawyer.

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Currently when one purchases an Amazon eGift card on Pepper they give you 4x (4%) cashback in form of Pepper coins — which can be used to redeem for more eGift cards on Pepper. If one uses an ABG to pay for this eGift card they get an additional 4x MR. If one values Amex MR at 1 CPP this means it is an additional 4% CB. This results in a guaranteed 8% CB.

But Pepper has lately been offering 10x boosts on many gift cards such as Amazon, Walmart, Sam’s Club, etc.

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