topic Re: When does the minimum spend clock start ? in Credit Cards

When does the minimum spend clock start ?

Chaselover — Sun, 28 Dec 2014 04:22:05 GMT

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.

Re: When does the minimum spend clock start ?

Anonymous — Sun, 28 Dec 2014 04:29:40 GMT

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."

Re: When does the minimum spend clock start ?

WLRK11 — Sun, 28 Dec 2014 05:42:12 GMT

@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."

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.

Re: When does the minimum spend clock start ?

WLRK11 — Sun, 28 Dec 2014 05:44:54 GMT

@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?

Re: When does the minimum spend clock start ?

jsucool76 — Sun, 28 Dec 2014 07:09:29 GMT

Begins the second you press that submit button.

Congrats on the SPG card.

Re: When does the minimum spend clock start ?

taxi818 — Sun, 28 Dec 2014 14:20:26 GMT

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.

Re: When does the minimum spend clock start ?

jsucool76 — Sun, 28 Dec 2014 17:23:01 GMT

@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.

Re: When does the minimum spend clock start ?

Chaselover — Sun, 28 Dec 2014 19:45:35 GMT

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

Re: When does the minimum spend clock start ?

Chaselover — Sun, 28 Dec 2014 19:52:20 GMT

@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.

Re: When does the minimum spend clock start ?

Chaselover — Sun, 28 Dec 2014 19:55:50 GMT

@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.

Re: When does the minimum spend clock start ?

Jerry45 — Mon, 29 Dec 2014 02:02:47 GMT

Yep, begins on the day it is opened. Congrats