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Contributor
Posts: 106
Registered: ‎11-08-2012
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Re: CSP Sign-Up Bonus

Yeah he's responsible he just hasn't been enlightened about credit yet. Ill recommend him to these boards lol. But yeah I told him to apply for a credit card over the summer and he was at the stage where only capital one secured would approve him. 

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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Re: CSP Sign-Up Bonus


toiletbowl69er wrote:

Yeah he's responsible he just hasn't been enlightened about credit yet. Ill recommend him to these boards lol. But yeah I told him to apply for a credit card over the summer and he was at the stage where only capital one secured would approve him


No problem with that.  That was where I started my rebuild.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Established Contributor
Posts: 766
Registered: ‎01-16-2012
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Re: CSP Sign-Up Bonus

OP- an authorized user gets the benefits, credit-score wise, whether he actually gets a physical card or not. I could see how you might think having him help you earn the bonus would be worth it, but you are playing with fire. He may make a purchase the day before your statement cuts (messing up utilization, number of cards with balance). He may be tempted to use the card on something he'll have the money for "next week" (next week is always next week), etc.

 

But its your decision. I hope you don't pay for your kindness. As to ways you can hit the target spend:

1. pay your insurance premiums with a credit card (you can often pre-pay if you are anywhere near renewal).

2. use amazon payments to send money to someone, up to 1000/month (not yourself, despite what the interwebs say, its a setup for getting your card closed), 

3. kiva- yes, you run the risk of not being repaid, but they claim a 98% repayment rate. So you loan a third world farmer some cash, he pays you back when the crop sells (for example), you get the miles and your money back, eventually.

4. charitable donations- if you itemize, time is running out to hit your max deduction. Use a card for the donation, get the points/bonus, your charity gets the benefit of your cash, you get some benefit from tax deduction.

5. There are other ways to make the minimum, but would only use if you are running out of time, as they all have fees: auto loan, mortgage (through chargesmart.com, watch out for the "large payment fee"), taxes (several sites, expect to pay about 3% fee).

 

Hope this helps. I wouldn't have had to look any of these up if the card had gotten here before Xmas shopping was done (it didn't), so may have to at least use Amazon payments to send some money to the wife. I'll probably hit the spend anyway, but it is nice to not have to stress.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
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Registered: ‎02-09-2012
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Re: CSP Sign-Up Bonus

Never just buy something you would otherwise not have, had you no spending requirement to make.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Established Contributor
Posts: 608
Registered: ‎10-11-2012
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Re: CSP Sign-Up Bonus


Repo-ed wrote:

Never just buy something you would otherwise not have, had you no spending requirement to make.


+1000000!!!!!!

 


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Contributor
Posts: 106
Registered: ‎11-08-2012
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Re: CSP Sign-Up Bonus


Repo-ed wrote:

Never just buy something you would otherwise not have, had you no spending requirement to make.


+1. Yeah that's what I'm trying really hard not to do

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Established Contributor
Posts: 791
Registered: ‎08-30-2011
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Re: CSP Sign-Up Bonus

Amazon payments.
Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Contributor
Posts: 85
Registered: ‎03-01-2012
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Re: CSP Sign-Up Bonus

[ Edited ]

I typically spend $600 a month on bills such as gas, phone, gym, cable, etc.  If I had to charge more, I'd put purchases that I normally pay with cash on the card such as lunch and coffee.  Whenever I sign up for these promo offers, I always make sure it coincides with my car insurance payment (I pay twice a year in six-month installments).

 

I wouldn't get nervous so soon though.  You have plenty of time.

Contributor
Posts: 106
Registered: ‎11-08-2012
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Re: CSP Sign-Up Bonus


Kendro wrote:

I typically spend $600 a month on bills such as gas, phone, gym, cable, etc.  If I had to charge more, I'd put purchases that I normally pay with cash on the card such as lunch and coffee.  Whenever I sign up for these promo offers, I always make sure it coincides with my car insurance payment (I pay twice a year in six-month installments).

 

I wouldn't get nervous so soon though.  You have plenty of time.


Yeah I luckily got approved in time for holiday shopping. Was originally going to apply sometime in march next year. If that was the case then I would have to worry 

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Valued Contributor
Posts: 1,597
Registered: ‎09-15-2012
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Re: CSP Sign-Up Bonus


Kendro wrote:

I typically spend $600 a month on bills such as gas, phone, gym, cable, etc.  If I had to charge more, I'd put purchases that I normally pay with cash on the card such as lunch and coffee.  Whenever I sign up for these promo offers, I always make sure it coincides with my car insurance payment (I pay twice a year in six-month installments).

 

I wouldn't get nervous so soon though.  You have plenty of time.


THIS!

 

I will be doing this if I get either the BCP or Freedom which both have promo bonuses. 


In My Wallet: Amex BCP (12/12) $32,000, Cap1 Quicksilver (6/12) $14,000, Chase CSP (4/14) $12,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
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