One drawback to Cap 1 new card rewards

[Gmood1]

For QS and similar bonus thresholds. I charge my power bill to it. The maximum my power company will allow is $600. That charge cost me $2.28 using their credit card payment system. QS gave me $109 back. A complete win in my book. Lol

[Callandra]

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@Anonymous wrote:

I can't think of any issuers that wait until the activation date.

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Was going to say..! 

I think my QS came in a week; plus it's only $500 spend for the QS, that was easily obtained for me in less than a month and I'm a low spender! I agree that it might harder for $3k+ spend but if the card comes quickly, shouldn't be that bad. 

[masscredit]

I believe I have the same max payment for my utility bills. The normal monthly expenses I use my cards for are food, gas and utilities. Those total to about $800.00. I'm going to concentrate on the QuickSilver first to meet that $500. requirement then to the Venture.  Worst case is I can use Plastiq to take care of the rest of my spending if I come up short. 

I've only used AMEX's Delta Skymiles cards for travel rewards. Most of those flights have require 40K-50K miles. Looking at info for the Venture card, it says - Just multiply your transaction amount by 100 to see the number of miles needed to redeem. ex. $180 ticket x 100 = 18,000 miles needed.   So that might work pretty good. I won't be limited to Delta so I can shop for better fares though other airlines. Between the miles that I rack up using the card and the bonus miles, that could be good for 2-3 flights. Seems to be a good deal!

[takeshi74]

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@masscredit wrote:

The drwaback is, the clock starts when your approved for the card. So you lose about a week of spending to obtain those rewards. I think the offers are good, especially the $100.00 bonus. But the clocks should start when the cards are activated. I chatted with a Cap1 rep to confirm this.  

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As other have said, all cards do this AFAIK.  It's up to the individual to determine that spend requirements can be met.  If a week makes it impossible then you've applied for too much.

[masscredit]

My cards arrived today which is a week after I was approved. Time to focus my spending on them and collect some rewards! 

[rcofer911]

I was wondering if making a paypal payment to someone would count.

I have two paypal accounts and if sending a payment to myself using Capital One Venture

would count in geting the 40,000 bonus miles by spending 3,000.00 in purchases in 90 days?

[Anonymous]

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@rcofer911 wrote:

I was wondering if making a paypal payment to someone would count.

I have two paypal accounts and if sending a payment to myself using Capital One Venture

would count in geting the 40,000 bonus miles by spending 3,000.00 in purchases in 90 days?

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PayPal balance or bank account Free when sending money inside the US

Debit/credit card fee 2.9% plus $0.30 per transaction (the sender decides who pays this fee)

Outside the US 0% to 2% fee when fully funded with your bank account or PayPal balance or 2.9% to 5.99% plus a fixed fee based on the payment currency if paying with a credit or debit card

[masscredit]

This will be my "backup" if I get close to the end of 90 days without meeting the spending requirement - https://www.plastiq.com

Yeah, I'll eat 2.5% which will only be about $20.00 but I'll gain 1-2 free flights. 

[Anonymous]

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@masscredit wrote:

This will be my "backup" if I get close to the end of 90 days without meeting the spending requirement - https://www.plastiq.com

Yeah, I'll eat 2.5% which will only be about $20.00 but I'll gain 1-2 free flights. 

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@Scroll down and read this... $250 free fee @plastiq

http://millionmilesecrets.com/2016/02/05/news-you-can-use-marriott-adds-20-hotels-10-off-hotels-com-...

[Anonymous]

Does Cap 1 overnight? Chase does at no charge.