If you’re like me, you simply don’t have enough time to drive all over the place to manufacture spend or are just simply lazy. Many times I am only actively manufacture spending when I have multiple minimum spend requirements to fulfill. I really dislike going to Walmart to load prepaid cards or drive all over the place to look for certain mall gift cards. Thus, I stick with my usually top 3 lazy ways to manufacture spend.
My Top 3 Lazy Ways to Manufacture Spend
1. Amazon Payments – This is probably the laziest, but most efficient way to manufacture spend or meet your minimum spending requirements. I’ve talked about applying for credit cards towards the end of the month, so you can potentially manufacture spend $4,000 in 3 months. Also, if you have a 3rd person you can transfer from person A to B to C and do $2,000 a month.
2. AMEX Serve – I recently converted my AMEX Bluebird credit card to AMEX Serve because AMEX Serve allows you to load your account up to $1,000 per month in $200 increments with any credit card. I was not charged a cash advance fee using my Barclaycard Arrival. Any credit card should work, but do not use an AMEX credit card because you won’t earn points on it or a Citicard (potential cash advance fees). Make sure you call to verify your credit card you use because AMEX Serve requires you to verify your credit card.
3. Kiva Payments – I sometimes buy AMEX gift cards through BigCrumbs (currently 3% cash back) and use the AMEX gift card to loan money to people on Kiva. This does require floating some money around, but if I use my Barclaycard Arrival to buy the AMEX gift card (earning 3% cash back), I can earn about 5% cash back for a 6 month loan. That’s a pretty decent return rate considering how low interest rates are nowadays.
I occasionally do other methods to manufacture spend, but I really like to just do everything without leaving the house. By doing so, it keeps me relatively sane in this world of credit card points and miles. I know most of my readers have a full-time job and don’t have time to drive all over the place. I would say Amazon Payments and AMEX Serve are must-do methods. I wouldn’t do Kiva unless you could afford floating some funds around, but my repayment rate is still 100% today.