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When does the minimum spend clock start ?

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Chaselover
Frequent Contributor

When does the minimum spend clock start ?

Got the amex spg in the mail today, which needs 5k min spend in 6 months. I was approved for csp n hyatt also, so thts a lot of min spend to do. 

 

My doubt: consider this scenario:

Jan 1, 2015: instant approval online

Jan 10, 2015: got card in the mail

Jan 15, 2015: activated the card n started trying to reach min spend

 

Will the 6 months clock start from Jan 1 or Jan 15th?

 

Shud i extend the activation of the card is what I want to know. Thanks a ton to all of you.


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
Message 1 of 11
10 REPLIES 10
Anonymous
Not applicable

Re: When does the minimum spend clock start ?

I called AMEX after I got approved for my Premiere Rewards Gold to ask about whenever the sign-up bonus starts and I was told by the representative that it is the day that the account is opened-- "So pretty much the day you applied & was approved for the card."

 

 

Message 2 of 11
WLRK11
Regular Contributor

Re: When does the minimum spend clock start ?


@Anonymous wrote:

I called AMEX after I got approved for my Premiere Rewards Gold to ask about whenever the sign-up bonus starts and I was told by the representative that it is the day that the account is opened-- "So pretty much the day you applied & was approved for the card."

 

 


+1

 

I PM'ed Chase about my CSP a few weeks ago and they said that the countdown begins the day that you are approved for the card. 

Age: 20s | AAoA: 2 yrs | FICO Scores: 700s | Inq: EX: ?, EQ: ?, TR: ? | GARDENING AS OF 06/2014


























Message 3 of 11
WLRK11
Regular Contributor

Re: When does the minimum spend clock start ?


@Chaselover wrote:

Got the amex spg in the mail today, which needs 5k min spend in 6 months. I was approved for csp n hyatt also, so thts a lot of min spend to do. 

 

My doubt: consider this scenario:

Jan 1, 2015: instant approval online

Jan 10, 2015: got card in the mail

Jan 15, 2015: activated the card n started trying to reach min spend

 

Will the 6 months clock start from Jan 1 or Jan 15th?

 

Shud i extend the activation of the card is what I want to know. Thanks a ton to all of you.


Congrats on your SPG! I love Starwood properties! Do you have any trips planned or any ideas for your bonus Starpoints? 

Age: 20s | AAoA: 2 yrs | FICO Scores: 700s | Inq: EX: ?, EQ: ?, TR: ? | GARDENING AS OF 06/2014


























Message 4 of 11
jsucool76
Super Contributor

Re: When does the minimum spend clock start ?

Begins the second you press that submit button. Smiley Very Happy 

 

Congrats on the SPG card. 

Message 5 of 11
taxi818
Super Contributor

Re: When does the minimum spend clock start ?

So it starts the moment you were approved. Not when you activated it. So get to spending  right away. A few bills should take care of that for most people. Unless you live home with moms. And no bills. 

Message 6 of 11
jsucool76
Super Contributor

Re: When does the minimum spend clock start ?


@taxi818 wrote:

So it starts the moment you were approved. Not when you activated it. So get to spending  right away. A few bills should take care of that for most people. Unless you live home with moms. And no bills. 


Pay mom's bills. 

Message 7 of 11
Chaselover
Frequent Contributor

Re: When does the minimum spend clock start ?

Thank you all,, yeah i m starting the spending right away.


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
Message 8 of 11
Chaselover
Frequent Contributor

Re: When does the minimum spend clock start ?


@WLRK11 wrote:

@Chaselover wrote:

Got the amex spg in the mail today, which needs 5k min spend in 6 months. I was approved for csp n hyatt also, so thts a lot of min spend to do. 

 

My doubt: consider this scenario:

Jan 1, 2015: instant approval online

Jan 10, 2015: got card in the mail

Jan 15, 2015: activated the card n started trying to reach min spend

 

Will the 6 months clock start from Jan 1 or Jan 15th?

 

Shud i extend the activation of the card is what I want to know. Thanks a ton to all of you.


Congrats on your SPG! I love Starwood properties! Do you have any trips planned or any ideas for your bonus Starpoints? 


No idea yet. open to ny suggestions. I would like to check out the Le Meridien.

 


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
Message 9 of 11
Chaselover
Frequent Contributor

Re: When does the minimum spend clock start ?


@jsucool76 wrote:

@taxi818 wrote:

So it starts the moment you were approved. Not when you activated it. So get to spending  right away. A few bills should take care of that for most people. Unless you live home with moms. And no bills. 


Pay mom's bills. 


haha,, 

that wont be enuf. i got approved for the csp and hyatt also. so im taking care of that $5000 first and then thinking of the spg. 

those bills wont be enuf, im planning to pay the rent for half a year till July and that shud take care of one 5000. and then mayb some walmart giftcards (legal) which cn b used later also.


In a committed relationship with Chase from 12/2012.
Age: 26, Income: $59,240/-, Current score: TU from CK: 750/A (12/24/14), TU Vantage score from CK: 775/C (12/24/14), Experian from Creditsesame: 717, Equifax from myfico: 724, Overall Util: 1% (12/24/14), Total credit limits: $62,150, In the garden from 12/19/2014, AAoA : 7 months, Oldest account: 8 months, Newest account: 1 week, HP: 18.
Message 10 of 11
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