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Credit Card Blog

Credit Card Blog

Welcome to the CreditCardsMadeSimple.com financial news blog and more. This blog was started to keep our readers informed. The more knowledge we can bring to our readers, the better informed they will be when making other decisions. We hope that you find this information useful and look forward to all your questions and comments.

Sunday, November 23, 2008

The Pudding Guy

The Pudding Guy

Has anyone ever heard of the “Pudding Guy”. David Phillips also known as the “Pudding Guy” is an entrepreneur and teacher at the University of California, Davis. Davis got his nickname by figuring out that the frequent flyer miles being offered during a promotion by Healthy Choice was worth more than the actual entrees themselves. He also discovered that they were also giving the same promotion for a package of pudding. Subsequently, Davis went to multiple grocery stores in his area and purchased cases of pudding. He then made a deal with the Salvation Army to give them all the pudding in exchange for helping him pull off all the UPC codes from the little cartons. He was able to purchase enough pudding to earn him 1,253,000 frequent flyer miles. This is enough miles to make a little over thirty round trips to Europe

David Phillips was able to turn a $3000 dollar investment to a seven times that value in airline tickets. With 1,253,000 frequent flyer miles Davis can certainly fly any where in the world that he wants. His idea was so ingenious that he made the attention of the Wall Street Journal and The New York Times.

Lastly, the Pudding Guy was able to earn more than just frequent flyer miles. Since he donated all the pudding he bought to the Salvation Army, he was able to get an $800 tax deduction. It would definitely be interesting to see what this guy could do with a rewards credit card.

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