Okay, so this is going to sound a bit crazy, so hear me out a second.
First off, for those have a credit card that accumulates miles and points and rewards, you’ll want to be strategic on how you earn them – for example, if you have a card that earns two times the points at grocery stores, you’re of course better off using that card over a card that only earns one point.
I was grocery shopping yesterday and noticed an interesting sign by the milk refrigerator indicating that a $2 deposit would need to be made on glass containers, and that the $2 would be refunded upon returning of the bottle. If you’re familiar, in some states, such as New York (not where I was), there’s a small 5 cents or 10 cents deposit on cans and bottles, which you get back so long as you return them, usually to a designated machine. You’re given receipt which you can then redeem for cash.
I’ve never seen the amount as high as $2 before, so this makes an interesting proposition. You could buy a $4 gallon of milk, end up paying $6 with the included deposit, and then returning the bottle to the store to get your $2 back. So, think of it this way – you have a miles earning credit card that earns 2x the bonus at grocery stores. With your $6 milk purchase, you earn 12 miles. You get $2 of those dollars back (resulting in 4 free miles), and now all you have to do is figure out what to do with the milk…
That seems to be the kicker here – what in the world do you do with gallons and gallons of perishable milk? Sure, you’ll make a few miles off of this, but to make anything worthwhile, you’d literally have to buy cases of these bottles, still leaving you the question of how to get rid of it. I doubt you’d be able to find a way to drink it all, and giving it away simply doesn’t make any economic sense with the amount of miles you’re getting. Re-selling it is out of the question, since milk doesn’t sell well on eBay. 🙂
So, I’m not quite sure what to do with this one. The only option I see is to buy a ton of cookies, and then have a block party with your closest friends, but even still that seems like a ton of work. I’m sure some of you will find a way to make use of this, though, so I’ll leave this here and walk away.
Let me know your thoughts in the comments section.
Looking for the best way to earn miles and points quickly? Visit the "Credit Cards" drop down on the main menu bar above for the hottest deals! Want to learn more and stay up to date on the latest tips, tricks and deals? Join My Travel Tips Facebook Page! This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.