Questions and Answers

Hi,

I am new to this credit card thing, so I apologize if my question is kinda stupid. I understand that sign-up bonus is a major way of getting the miles, but how do I meet the minimum spend of credit cards without actually increasing my monthly expenses?

Thanks,
Kings

If you frequent shop at the same stores, you could look at purchasing a gift card there (Target, grocery stores, your favorite local restaurant).

You could also look at pre-paying some monthly expenses if that is an option for you (phone bill, cable bill, rent/mortgage).

In addition to merchant gift cards you could also get Visa gift cards so you’re not locked into a single merchant. These do have activation fees so if you buy a $500 card the fee will be a lower percentage than if you buy a $100 fee. Many grocery stores sell variable load cards that will allow you to put $20-500 on the card for $5.95. The lowest fee I’m aware of is $3.95 at Simon Malls.

What I also have done in the past is to “time” my yearly charity contributions (using a credit card), so that also helps me to meet the spending requirement on the new card.

Hi [USER=3367]@Kings[/USER], and welcome!

You’ve received some good advice already. This post might help too: [URL]http://onemileatatime.boardingarea.com/2016/10/26/meet-credit-card-minimum-spend/[/URL]