Meeting minimum spend on credit cards to unlock signup bonuses can sometimes be challenging. However, if you know a few tips and tricks, you can quickly meet minimum spends easily. It’s true that you can pay your taxes or mortgage with a fee, but I hate paying fees. Therefore, I try to come up with no fee ways to meet minimum spend on credit cards.
When I credit card churn, I often sign up for 3-4 credit cards at one time and have to spend for example $6,000 in 3 months. My normal expenses do not come anywhere close to that amount. Here are my personal top 10 no fee ways to meet minimum spend.
- Amazon Payments – I tend to apply for credit cards during the middle of the month because you can transfer $1,000 each calendar month as I talked about in this post. If I applied for a credit card on March 15, I would expect to get my credit cards in a week around March 22. I could then transfer $1,000 to my spouse before end of March, and then $1,000 again beginning of April.
- Everyday spend – Everybody’s everyday spend may differ. I charge everything onto credit cards, even $.50 parking meter fees. Groceries, dining, and gas are our biggest everyday spend expenses.
- Cell Phone, Cable TV, Internet – You can pay all these bills monthly to meet minimum spend on credit cards. It is possible to prepay some of these bills to credit your next month’s bill.
- Utility Bills – I can pay my electricity bill via Visa/Mastercard each month. Check with your provider to see if you can pay credit card. You can prepay these too.
- Discounted Gift Cards on PlasticJungle or Cardpool via Topcashback(my link) – I often buy gift cards on these discount gift card retailers for stores I plan to shop at. For example, I’ll buy some discounted Target gift cards for about 94% on PlasticJungle, get another 2.5% cash back on Topcashback, and meet minimum spend.
American Express Gift Cards – Technically there is a $3.95 fee for buy these gift cards, but if you buy through Bigcrumbs(my link), you can get 1.4% back. You can buy a $3,000 AMEX gift card with a $3.95 fee and $8 shipping charge (sometimes free shipping code is available). Therefore, you can actually profit $30. ($42 – $12 = $30)Method no longer works. See Chase Gift Cards.
- Buying things for friends and family – I often offer to buy things for friends and family and have them reimburse me. For example, I have Amazon Prime and offer to buy Amazon products for people and have them pay me back in cash. It’s a win/win situation because the friend gets free 2 day shipping, and I can meet minimum spend or earn points.
There are many ways to meet minimum spend on credit cards, but if you are like me I hate paying fees of all sorts (fuel surcharges, convenience fees, booking fees, etc). I still buy Vanilla Reload cards when I get the chance, but it is a lot of effort for me. Using these methods above, I can usually meet minimum spend very easily and don’t need to make any unnecessary expenses. Remember, you should not have the mentality of spending and anything to meet minimum spend. It should come through every day expenses and no fee methods.
If anybody has any other no fee ways to meet minimum spend on credit cards, please post below.