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Archive for August, 2013

Artificially Inflated Savings

August 30th, 2013 at 09:59 am

I received pretty much all of the large reimbursements from my job for our recent medical expenses to the tune of around $7,000. I cashed and deposited them a couple days ago. We are just waiting for about $800 more as I grouped a bunch of smaller ones together. I should receive them this week.

All of them are split between two new cards to receive a total of $900 in sign-up bonuses. The statements will close mid-late September and won't be due until early-mid October. I will keep the money in the savings account as long as possible to to gain the pesky interest.

We received our third paychecks this month today, so, $2,000 to the EF as well, but the account shows $15,000+ and there is a CC payment due mid-September that will be paid in full on my Chase Freedom account. I will probably use a statement credit for the current points worth around $35.

It would be nice if all the $15,000 was 'ours' as that would be $2,000 from a fully funded 6 month EF, or the auto loan would no longer exist! Haha!

At least the EF is now $8,000!

Made $400 in 15 mins!

August 26th, 2013 at 07:59 am

DW received her Chase Sapphire Preferred over the weekend and activated it. Today I paid my tuition and 2 medical bills (all 3 totaling $3,050.09) to reach the $3,000 minimum spend. All of which is being 100% reimbursed by my employer! Therefore, we literally made $400 on the deal!

I just realized that the title I came up with appears to be a gateway phrase to a scam! Haha!

Chase Ink Plus Business Card?

August 19th, 2013 at 08:12 am

Has anyone ever signed up for one of these cards ever to get the sign-up bonus?

I live in the United States of America, where anyone can be in business for themselves, i.e. Sole Proprietorship.

This goes along with my last post regarding me recently being hospitalized and how my employer reimburses us the deductible and co-insurance (confusing the way it was negotiated, but whatever). Well, I just received yet another bill from the hospital and this one is for $4,500, in which we will be reimbursed 100%.

The Chase Ink Plus Business Card is offering 50,000 sign-up bonus points ($500 statement credit or $625 travel rewards) after spending $5,000 in the first 3 months.

I figured, we could easily spend $500 additional to make the minimum by purchasing already budgeted gas, groceries and some of our Christmas allowances with the card.

With DW signing up for the Chase Sapphire Preferred Card for the other reimbursable medical bills and tuition we could potentially be making $900 total if I could successfully get approved for the Chase In Plus Business Card.

Worth a shot, and nothing to lose I guess!

DW's Turn at Chase Sapphire Preferred

August 14th, 2013 at 07:21 am

I had my wife apply for the Chase Sapphire Preferred today for the $400 bonus cash after $3,000 spend in 3 months.

If she is approved, we will be able to reach the requirements in one day, get this, on items we will be reimbursed for anyway!

The health insurance through my job opted for a high deductible insurance plan, but reimburses us the deductible. It is confusing the way Administration negotiated with the Union, but whatever, that could be a whole other 5 posts! Haha!

So I was in the hospital mid-July and we have finally gotten bills and explanation of benefits so I can begin to process everything.

So far we have the following bills to be paid:

$675 Medical Bill (100% reimbursable [Already have check actually]
$1,975 Medical Bill (100% reimbursable)
$635 Tuition and Book (100% reimbursable) [I knew there was a reason I was waiting to pay that!]

= $3,285

A quick easy way to make $400+!

The $400 would either go to Auto Loan or Christmas savings.