Buying groups: Big risks / big rewards | Ep223 | 10-7-23

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

https://frequentmiler.com/major-changes-to-the-american-express-business-gold-card-heres-whats-happening/

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