No, I do not think y’all are dummies! This is an extra post for the week. One of my readers mentioned on Monday that it would be helpful to give definitions of some manufactured spending abbreviations used in this hobby. I agree. My post on the best cards suited for this activity was quite popular.
Like it or not, people are interested. Ok, you’ve decided that manufactured spending is the best thing since sliced bread. So, where do you begin? You can follow blogs I’ve mentioned previously, like this one. Or you can go hardcore and start by browsing this thread on Flyertalk. Be aware, you won’t understand most of the terms used. That’s where I come in. Without further ado:
MS : Manufactured spending. An activity of collecting rewards by leveraging being able to buy money products or funding online accounts with a credit card. Some have actually invented their own term for it like MMR (Milenomics mileage run), essentially the same thing. Actually, Sam from Milenomics is such a brilliant blogger, he could call it MMW (Milenomics mileage walkabout) and get away with it.
BB : Bluebird card by American Express (happens to pay me commission), also referred to as “bird” and “colored bird.” A channel through which you can funnel your prepaid money products. It’s a middle-man of sorts. You buy the cards at the store or online, then load them to Bluebird and pay your bills. The bird’s wings have been clipped severely in the last few months, since you can’t buy certain BB compatible money products with a credit card.
AP: Amazon payments. Amazon will let you send up to $1,000 (I think?) per month with a credit card to another person, fee free. Obviously, the whole point is to earn rewards. So a husband and a wife can send it to each other and hit $2,000 in minimum spending per month just like that.
Be aware, you have to select “goods and services” option, otherwise you will be charged a cash advance fee by your credit card company. Of course, it begs a question: What sort of goods and services are you paying your wife for ?
MM : Marathon Man. The man, the myth, the legend. Yes, he has his own abbreviation dedicated to him. Marathon Man is an elusive creature mostly found in gas stations, grocery stores, CVS and Walmart, usually in that order. Is he real? No one knows for sure.
MM is like Elvis, in that even when he is gone, he will never truly be gone. I’m sure there will be multiple sightings reported around the country. If manufactured spending were a religion, Marathon Man would be its high priest.
Wait a second… What am I saying? MS is a religion, and MM is its high priest!
Well, I hope you enjoyed my MS terms guide. Now go and tell everyone about it. Spread this message far and wide. Marathon Man wants you to.
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Photo credit goes to dense.com