I’ve previously written why I like mailed, paper statements for my credit cards. First, I like that they could target you for bonus points. They provide return envelopes that you could use for gift card churning. In addition, if you churn using money orders you could easily mail in the money order to pay for the credit card statement.
If you are targeted for a paperless bonus, there is nothing stopping you from going back to paper statements after you receive the bonus.
There is one place that will allow you to do a bill pay, but they require paper statements. The cost is about 200% greater than Walmart, but it works in NYC and does not require a visit to Walmart.
I will purposely obfuscate the details. I will leave the comments open and allow you openly discuss, but I will neither confirm nor deny the place of business, the cards used, or other details.
This business has many financial services, that I have listed to help you find the place:
- Western Union
- E-Z Pass
- Bill Pay
- Armored Truck services
The business charges $2.95 for bill pay and a $1 fee for using a debit card and requires the statement. When processed, the bill pay also counts as a debit card purchase. Let’s review fees again, from Matt’s post on fixed and variable fees. Because the bill pay fee is fixed, the higher the bill, the cheaper it becomes to manufacture spend.
Below is a chart that we use to load a prepaid card that does not offer bill pay. Using a straight 1% card, your points earned could be higher, thus reducing the cost basis.
|Cumulative Load Fee||Cumulative Cash Balance||Points Earned||Bill Pay fees||$/pt generated|
I did a small test, at $300 for a few reasons.
- The cash back I am limited to per week is $200, if it counted as a cash withdrawal I know this would not work.
- If it was processed, I knew it would count as a purchase.
- If this was a complete flop and not to embarrass myself or annoy her with the transaction if it failed, I could pay in cash
If you are in the NYC our pal, PF Digest, found this great card before it was blasted all over FlyerTalk that would lower the cost basis! He is the best at finding cards that no one knows about like the Old AMEX, the online Citibank offer, increased Wyndham bonus, and many more! If it wasn’t for him, I would never have thought to look at the cards issued by Comenity and figured out that you could use Evolve to pay those cards.
If you don’t follow his posts, you are missing out on great MS’ing bonus opportunities.