Credit Card and Bank Account Bonus Churning, and Interest Income Maximization

It is possible to purchase up to $3,000 gift cards from American Express's website with a $3.95 and shipping fee. There are occasionally codes for free shipping (FREESHP71A works until July 2017). You can then add it to Venmo as a debit card and transfer it fee-free to someone whom can then pay you back via bank transfer.

Northpointe bank is offering a 5% checking account named the Ultimate Account . Here are the relevant details The APR is 4.88% and the APY is 5%. This is only applied to the first $10,000 and the balance earns 0.10%. Your are allowed to open multiple joint accounts if you have more than $10,000 and want to earn the 5% still. Make at least 15 debit card purchases within the statement period. Make a direct deposit or automatic withdrawal of $100. Enroll for e-statements. https://www.northpointe.com/banking/personal-accounts/ultimateaccount/ To make an automatic withdrawal, you can do an ACH pull from an external bank or make a $100 payment from your utility bill/credit card account. There is also a referral bonus where if you sign up and email my referral card to newaccounts@northpointe.com  after your account is set up, both the referrer and the referred will earn $25 after you make a $100 deposit. If you would like me to send you my referral card, let me know in th...