topic Re: BBR minimum payment question in Credit Cards

BBR minimum payment question

thelethargicage — Wed, 18 Nov 2015 23:03:09 GMT

I was reading thru my CC Agreement and noticed that the minimum payment is $25. If I only spend $20, will I still get the bonus? According to the T&Cs, you have to pay MORE than the minimum payment. Since $20 < $25, should I spend at least $26 just to be on the safe side?

Re: BBR minimum payment question

Anonymous — Wed, 18 Nov 2015 23:07:21 GMT

I put my internet bill $41 to play it safe. I've setup auto payment and auto billpay. Made sure the reward goes into my checking acct.

Re: BBR minimum payment question

Anonymous — Wed, 18 Nov 2015 23:15:56 GMT

@thelethargicage wrote:
I was reading thru my CC Agreement and noticed that the minimum payment is $25. If I only spend $20, will I still get the bonus? According to the T&Cs, you have to pay MORE than the minimum payment. Since $20 < $25, should I spend at least $26 just to be on the safe side?

According to their program rules, "A monthly payment received on or before the Due Date, which is more than the Minimum Payment due; a payment in full received on or before the Due Date is a Qualifying Payment"...so I would say you can just set your autopay to the statement balance and you should be fine. I know anecdotally there have been many people reporting that this is their free Netflix account, which means they definitely weren't hitting $25. At the same time, there have been others who have had some trouble with getting their bonuses.

So really it's YMMV, but to be safe yes you can always put $26. And as bob said, switch redemption to your checkings/savings account if you haven't already! According to their prompt it takes a few weeks to register so might as well do it sooner rather than later.

Re: BBR minimum payment question

Anonymous — Thu, 19 Nov 2015 02:08:01 GMT

My $1/month triggers the $30 reward which I deposit into a Bofa savings account (min $300 to avoid monthly fee)

Re: BBR minimum payment question

Anonymous — Thu, 19 Nov 2015 02:14:56 GMT

If your balance is less than the "normal" minimum payment, you can still pay the balance and get the reward because your <$25 balance is the minimum payment.

Re: BBR minimum payment question

Anonymous — Thu, 19 Nov 2015 04:52:02 GMT

As long as you adhere to the T&Cs of the credit card you should be fine.