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Established Contributor
Posts: 715
Registered: ‎01-26-2016
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Re: Creative ways to meet bonus spending requirements

Another option I've used to get to my spend goal:

 

If you're a member of MyPoints (is there anyone on here that isn't?), they send out emails for swappable.com (I think, don't quote me on that) with usually somewhere around 2500 points for an $100 gift card (sometimes it's 1500 for $50, which is a better deal).

 

I will buy an Amazon giftcard (3 $100 giftcards is almost exactly enough points to get a free $50 giftcard), which means this is an even better deal than using either my Amazon or Discover card.

 

Senior Contributor
Posts: 3,329
Registered: ‎05-27-2015
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Re: Creative ways to meet bonus spending requirements


masscredit wrote:

I just tried paying more on my electric than the bill was and it worked. it looks like this will be an option. 


I do this all of the time. The max they will allow me is $600 on credit card. I've gotten in the habit now of paying the power bill once every 2 1/2 months or so.

FICO 8 Scores EQ=753 TU=779 EX=764 (INQ) EQ=19 TU=14 EX=18 TCL=$525,800
Valued Contributor
Posts: 2,084
Registered: ‎07-17-2012

Re: Creative ways to meet bonus spending requirements

Amazon is my goto place to check prices. They usually have the best deals. I'll check into those gift cards. I'm always looking for a good deal and have come across websites that sell gift cards at a discounted price. I've found JC Penney cards for 25-30% off. A great way to rack up points and save money.

 

I saw the same $600.00 limit when I paid my electric bill. That amount would cover me for the next 15 months Smiley Happy 

Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Senior Contributor
Posts: 3,329
Registered: ‎05-27-2015

Re: Creative ways to meet bonus spending requirements


masscredit wrote:

Amazon is my goto place to check prices. They usually have the best deals. I'll check into those gift cards. I'm always looking for a good deal and have come across websites that sell gift cards at a discounted price. I've found JC Penney cards for 25-30% off. A great way to rack up points and save money.

 

I saw the same $600.00 limit when I paid my electric bill. That amount would cover me for the next 15 months Smiley Happy 


Wish it covered mine that long! LMAO

FICO 8 Scores EQ=753 TU=779 EX=764 (INQ) EQ=19 TU=14 EX=18 TCL=$525,800
Community Leader
Senior Contributor
Posts: 4,995
Registered: ‎04-27-2014

Re: Creative ways to meet bonus spending requirements

Buy the dips in Precious Metals (study a bit to pull it off with min over spot / offset CC fee). Pretty easy to make your cash back (and more) with today's volatility.

 

Use plastiq to pay your car payment or mortgage ahead.

 

health and auto insurance.

 

Food/Ammo storage.

 

Amazon GC's

 

 


Established Contributor
Posts: 1,005
Registered: ‎11-13-2014
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Re: Creative ways to meet bonus spending requirements

[ Edited ]

degs138 wrote:
You can't talk about manufactured spending on here

at least it was FSR. And it's actually really good that MyFico doesn't allow MS talk here. Smiley Happy

No late payments, have over $150K credit lines from all major banks discussed here, 777 FICO scores, and inquiries dropping like flies. Doing better than most here. LOLOL Goal: 850 FICO across board. Heh. Smiley Happy
Established Contributor
Posts: 796
Registered: ‎11-20-2014
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Re: Creative ways to meet bonus spending requirements

I've bought Costco Cash before when I've wanted to meet minimum spend quickly. Those situations have tended to involve cobrand travel bonuses. No AA.

 

If your normal spending is about $2k over three months, that's $8k a year. Your available credit is $99k.

 

Trying to grow the $99k further seems a bit silly to me, but...different people, different goals.

Schwab Platinum, CSP, Freedom, It, IHG, Hyatt and some other cards.
I get a new card every few months. 750-ish FICOs.
Regular Contributor
Posts: 107
Registered: ‎02-23-2015

Re: Creative ways to meet bonus spending requirements

I just buy things on sale and then resell them on Amazon, usually for a significant profit.

Valued Contributor
Posts: 2,084
Registered: ‎07-17-2012
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Re: Creative ways to meet bonus spending requirements


CarefulBuilder14 wrote:

I've bought Costco Cash before when I've wanted to meet minimum spend quickly. Those situations have tended to involve cobrand travel bonuses. No AA.

 

If your normal spending is about $2k over three months, that's $8k a year. Your available credit is $99k.

 

Trying to grow the $99k further seems a bit silly to me, but...different people, different goals.


I usually run about $800.00 per month through my cards. Well, that's for normal expenses. Doesn't include extras.  Some of February's expenses were paid before I started using this card   

 

To me, credit is like money. I can never have to much. Just have to use both responsibly. My main goal is $100K but higher will be better in case I wan to open another business. 

Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Valued Contributor
Posts: 1,160
Registered: ‎07-14-2014

Re: Creative ways to meet bonus spending requirements

I don't know if this has been mentioned but I paid my car insurance a year ahead. It was $1200 towards my bonus and it was 0% for a year so it didn't cost me anything to do so. Just make sure you pay it off in time so you don't get nailed with interest.

Total CL: $96K
High CL: $39K
Low CL: $7K
Aver CL: $16K
AAoA: 4 Yrs & 1 Mon
Utilization: 4%
Inq: EQ: 10 | EX: 2 | TU: 2
BK CH7 DC: 03/2013

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