The other week, I read a post from Freequent Flyer where he wrote “the long con” and it reminded me of one of my favorite TV Shows, White Collar. One of the lines in the show had discussed “the long con” where the two main characters had a flashback early in their careers together discussing the con.
Mozzie: Huh! You are vert talented, kid. With you as my partner we could move way beyond the street hustle.
Neal: What did you have in mind?
Mozzie: A long con. Which, if executed properly, would enable us to purchase and retire on neighboring, temperate zone islands in a mere six months
Neal: I just got to the city and i’m too young to retire.
The long con is something like marrying someone for their money with that type of project lasting for many months or even years. Many acts of a long con man can be depicted by the character “Sawyer” portrayed in another show that I enjoyed, Lost.
As soon as I was approved for the Barclay’s UPromise card back in March, I have been leveraging the UPromise portal more than any other cash back portal. I have spent nearly 6 months running this experiment and in one word it is baffling.
I still can’t tell you what triggers the extra 5% bonus. Each time the “5% bonus” shows up, it’s only 4% and it’s at least 3 months later so the transaction history disappears and I can’t go back to see what order I made to reconcile the transactions. I also can’t tell if I’m receiving the extra 1% for having the credit card and the Sallie Mae savings account.
To date, I’ve accumulated a little over $900 cash back and so far, I’ve received less than $10 in the extra cash back from the UPromise portal and the credit card combination. Nearly all that cash back was from the portal and $100 was from the credit card sign up bonus.
I left a lot of money on the table doing the UPromise Portal + UPromise credit card instead of earning points from other credit cards because I was trying to experiment with UPromise.
Has It Been Worth It?
Absolutely. I can tell you how much of a time suck level how much sucking the UPromise combination can be.As Homer Simpson says: they were suckiest sucks that ever sucked and the UPromise card is it. Would I recommend this card? Only under the right circumstances and those circumstances are really narrow. It’s like Amazon’s razor thin profit margins, that’s how narrow the “right circumstances” are. I would recommend the Choice Privileges Visa card over the UPromise.