Converting credit card spending into cash is an easy way to accrue points. I’m a fan of such systems. Living in NYC limits some of my opportunities on that front but while doing my grocery shopping yesterday I believe I uncovered a great opportunity. I’m actually surprised it took me this long to realize the potential. Though, after I explain it in full you might understand better why I may have missed it the first few times around.
There’s a store around the corner which sells beer. It is good beer, stuff that I enjoy drinking every time I buy it. And they sell it in growlers. The glass containers require a $5 deposit to be paid and credit cards are accepted for the transaction. When returning the empty growler the $5 is returned in cash. Free points!!
All I need to do is figure out a way to scale this up. Then again, drinking more beer shouldn’t be too much of a problem, right??
UPDATE: Just so y’all understand the math on this, typical deposits in NY are $0.05 per can or bottle. That’s $0.30/6-pack. I’m making 30x that on my beer investment here. Amazeballs!!
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