In the context of manufactured spend, the UPS method refers to a strategy for maximizing the rewards you earn from credit card spending.
Manufactured spend is the practice of using credit cards to purchase items or services that can be easily converted into cash or other forms of value, in order to earn rewards such as airline miles or cash back. The UPS method is a way to maximize the rewards you earn from manufactured spend by prioritizing certain types of spending over others.
According to the UPS method, the best types of manufactured spend are those that are:
Urgent: These are purchases that must be made right away, such as buying groceries or paying bills.
Profitable: These are purchases that offer a high return on investment in terms of rewards earned, such as buying gift cards at a discount or using credit card bonuses to earn extra rewards.
Sustainable: These are purchases that can be made on a regular basis and are sustainable over the long term, such as buying gas or paying for recurring expenses.
Not important: These are purchases that are not necessary or don't add value, and can be safely ignored or avoided.
By following the UPS method, you can prioritize your manufactured spend to maximize the rewards you earn and make the most of your credit card spending. However, it's important to note that manufactured spend can be risky and is not for everyone, as it requires careful planning and attention to detail to avoid fees and other problems.