Get Started

Learn more about Credit Cards, Travel Programs, Deals, and more.

Second Quarter Results: Did I Top Q1’s Almost $14,000 In Earnings With Miles & Points?

This post may contain affiliate links; please read our advertiser disclosure for more information.

Travel Hacking Savings

Travel Hacking Savings: 2nd Quarter Results

Can you believe it is July already? The time seems to be flying by these summer months. It feels like just yesterday the kids were in school, but that was over a month ago. Since the calendar has flipped to July it is also time to update my travel hacking savings and share my 2nd quarter results. Could I top the first quarter’s nearly $14,000 in earnings? Have I already surpassed my yearly goal I had set out to accomplish back in January?  What are my points balances looking like these days, are they still sad and tiny? And how much did all of this cost me? All of these questions will be answered and more.

The Numbers

I will go through this section by section and give a breakdown of where everything came from.

Travel Hacking Savings

Bank Bonuses

In the first quarter I earned $1,600 from 5 bank bonuses. I didn’t get to 5 this quarter but my total numbers were improved overall.

Total: $2350

Travel Hacking Savings

Welcome Offers / Upgrade Offers

I didn’t hit these as hard as in quarter one. And this time around I focused more on padding my accounts versus earning cash. There are still 3-4 bonuses I should finish early in July that just missed posting on this quarter. Well, except for that really annoying Wells Fargo card, that will take until September now to post. Last quarter I earned over $8000 in this category. I didn’t cash out the points this time around so the numbers are quite a bit smaller.

  • Altitude Connect – The remaining 5,000 points posted from the Olympic Medals sign up – $50
  • Business Gold Amex No Lifetime Language Offer – 90,000 Membership Rewards
  • Wife’s Business Gold Amex No Lifetime Language Offer – 90,000 Membership Rewards

Total: $50 & 180,000 Membership Rewards

Authorized User / Pay Over Time Offers

In the first quarter I took advantage of four of these offers for over $600 in value. It was not as plentiful this time around and I held onto the points too. I didn’t include my Hilton Honors fiasco in these numbers either.

  • Pay Over Time offer on my wife’s Platinum card – 20,000 Membership Rewards
  • Wife’s Amex Business Gold authorized user offer – 10,000 Membership Rewards
  • My Amex Business Platinum authorized user offer – 10,000 Membership Rewards

Total: 40,000 Membership Rewards

Travel Hacking Savings

Regular Spend

This is a conglomerate of earnings from regular spend or spend towards the welcome offers. It shows the bigger areas but I didn’t break down every single card. I focused on cash earning offers or transferrable currencies for this section. Last quarter I earned over $1400 from this section only. This time around the focus was more on racking up points.

  • Discover 5% earning – $75 X 2
  • Amex Gold Grocery (4X Earning) – 75,000 Membership Rewards
  • Amex Gold Business minimum spending – 30,000 Membership Rewards (X 2)
  • Chase Ink Plus – 50,000 Ultimate Rewards from 5X earning
  • Chase Freedom Flex – 15,000 Ultimate Rewards from pharmacy spend

Total: $150, 135,000 Membership Rewards & 65,000 Ultimate Rewards

Retention / Upgrade Offers

We had a couple of retention / upgrade offers in the second quarter too.

Total: 55,000 Membership Rewards

cash money

Refer A Friend Bonuses

I was able to take advantage of some refer a friend bonuses from friends and family. Plus, I had some help from a friend’s site where we split some Discover referrals. This account for over $1,100 in the first quarter.

  • 3 Cardless referrals for $300
  • Discover referrals for a total of $350 after splits

Total $650

Shopping Portals / Swagbucks / Odds & Ends

This is the catchall section for things. Last quarter I had earned over $900 here.

  • CLEAR Uber offer (discounted value) – $150 (was able to do it for $75 X 3 and use Platinum credits to cover the cost of CLEAR)
  • Rakuten Portal payout – $27.84
  • Top Cashback Portal – $10.81
  • Home Depot Gift Card Reselling Profit – $20
  • McCormick Settlement – $5.68
  • Dosh Payout – $27.72
  • Quill Chase Offer profit – $55
  • Friend’s Hotel Booking – $1025

Total: $1322.05

I had a buddy that needed some hotel rooms for a Packers football game and a trip to Seattle. Prices were high for those trips and he asked for help. I was able to slash the cost of the room for him and burn some Hilton points in the process. He gave me the reduced rate in cash.

Travel Hacking Savings


There are of course costs associated with earning these points and cash back so let’s break that down.

Annual Fees

In the first quarter I took advantage of no annual fee cards or ones that had a huge positive value the first year outweighing the annual fee. That wasn’t the case this time around so it added some cost I need to account for.

  • Business Gold Amex – $295 X 2 (no credits to offset this annual fee)
  • Charles Schwab Platinum – $250 (credits offset a chunk of the $595 annual fee but not entirely since there is no double dip of the airline incidental credit outside of the first year)
  • Amex Gold Card – $150 (I discounted the $250 annual fee after the dining and Uber credits)

Total Cost – $990

Acquisition / Liquidation Costs

There were some costs associated with acquiring these points and cash as well. I was able to get a lot of it via 3rd party gift card reselling at no cost, or a profit, but some came with fees and liquidation costs. The total was around $450 to acquire these points on top of the annual fees.

Total Cost – $450


Final Tally

So what does this all add up to? Not a huge amount of cash but a lot of points it looks like.

  • $4522.05 in cash
  • 410,000 Membership Rewards
  • 65,000 Ultimate Rewards

These earnings had a cost of $1,440 which drops my profit down to $3082.05 and then the points. I could have cashed out the Membership Rewards with our Charles Schwab Platinum cards at 1.1 cents each for an additional $4,510 but decided to sit on them for now.

My Point Balances Going Into Quarter 2

  • 100,000 Ultimate Rewards
  • 30,000 Membership Rewards

My Point Balances Going Into Quarter 3

  • 160,000 Ultimate Rewards
  • 440,000 Membership Rewards

Travel Hacking Savings 2nd Quarter Results: Final Thoughts

All in all, the quarter was a productive one even if it didn’t reach quarter one’s level. I knew the drop off was coming with the kids out of school for a third of it. That, plus heading out of town most weekends limits what I can do, so I expect the third quarter to be somewhat similar.

If you add the $3,082.05 I earned in quarter 2 to the $13,149.48 in profit from the first quarter that gives me a running total of $16,231.53. I have already surpassed my $15,000 yearly goal and still have half the year to go. I also have replenished my points stash some with 160K Ultimate Rewards and 465K Membership Rewards points.

While I am starting to feel the exhaustion set it I still want to finish the year strong. So my new yearly goal is $25,000 in profit when it is all said. Plus I would like to have 600K+ of Membership Rewards and 250K+ of Ultimate Rewards sitting in my accounts. Let’s see if I can do it!

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

New Card - Capital One Venture X Business 150K!

Capital One Venture X Business earns 2X miles on everyday purchases plus up to 10X in bonus categories. You also get access to Capital One lounges plus an annual travel credit & anniversary bonus. Right now you earn bonus_miles_full.

Learn more about this card and its features!

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Mark Ostermann
Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. Yes. Our (DW and I) with multiple cards: Platinum, Gold, Bonvoy Brilliant over a few years. The AU cards arrive pre-activated but will be cancelled after a few weeks if you don’t register them. I usually don’t register the AU cards since I can earn the bonus within a few weeks. Ask for a free return envelope via Amex Chat so you can send the metal cards back home ;>)

  2. That’s amazing – congratulations!
    I have a question on the AU bonuses – curious if you add your child(ren) as your AUs? DH and I have both added our son (who is our only child still living at home), but he has another AU offer which I hate to pass up, but I don’t want to add either of our adult DDs. Was actually thinking of asking my mom if she would care if I added her, but I don’t really talk too much about my “hobby”, so I don’t want to open a can or worms so to speak lol!

    • Add yourself as an AU. Multiple times if you want. You can select variations of your name too. All the bank cares about is you spend more with them.

      • Interesting – I would have never thought of that! So even with AmEx when you have to add the SSN? Also, does it affect your x/24 with Chase?


Please enter your comment!
Please enter your name here