We all love rewards and welcome bonuses. Most credit card issuers, such as American Express, Capital One, Chase, Citi, etc., offer minimum credit card spending welcome bonuses. New credit card holders typically spend at least $4,000 in 3 months to get exciting welcome bonuses and additional rewards.
Do you have a new credit card to spend a minimum amount on it? Spending $4,000 in just 3 months can be challenging. After all, you can’t just throw your money at anything. Make sure that you pay for essential items while shopping with your credit card. Moreover, you must pay towards your credit card account.
Mathematically speaking, you can divide $4,000 by 3 months equally to be consistent with your purchases. You must spend at least $1,333.33 monthly to reach the milestone. Let’s find useful ways to meet the minimum credit card spending requirement.
Hacks to Spend $4,000 in Just 3 Months
Remember, meeting the minimum spending threshold on your new credit card is only necessary if you want to obtain welcome bonuses. Otherwise, spending $4,000 or something similar in just 3 months can be a boomerang to you. Moreover, paying the card’s annual fee doesn’t cover the credit card’s minimum spending requirements.
In addition, check out whether you are eligible for the welcome bonus you are spending for. Don’t forget to read the fine print in the credit card documentation. On a related note, understand the period to meet the minimum spending threshold. It begins with the approval of the card and not by receiving it via mail.
So, make sure you start spending with the credit card once approved. Card issuers often rule out specific purchases from the minimum spending requirements. Hence, find them out before starting your journey with your new credit card.
Now, let’s find out effective ways to spend $4,000 in 3 months or whatever your minimum credit card spending requirement is:
1. Purchase Everything with Your New Credit Card
Earning welcome and other bonuses can be easy if you use your crest card for all purchases. Be it your grocery, fashion shopping or dining experience, you can pay for anything with your credit card.
Don’t hesitate to pay for a few cups of coffee using your credit card. However, a few transfers might incur additional charges. So, calculate wisely and determine whether those extra expenses are worth the bonus points.
2. Prepay Your Utilities, Insurance, and Other Expenses
How to spend $4,000 for Chase Sapphire Preferred? Well, you can overpay your utilities, such as phone and insurance bills. For example, phone and insurance companies generally allow people to add up to $100 to their utility bill payments for multiple months.
Otherwise, consumers can prepay 3 or 6 months of insurance via a credit card. Or, you can pay the annual or bi-annual bill early with your credit card if you need help meeting the minimum spending threshold.
3. Make Charitable Donations
Do you still write a cheque to your preferred charity organisations? Switch to payments via your credit card if you want to earn points simultaneously as donating to charity wholeheartedly.
In addition, some credit cards offer categorised spending bonuses on charitable donations. So, you can now replace cash or cheques with your new credit card for donations to charity and spend off the minimum threshold.
4. Pay Your Mortgage or Rent
Your bank or landlord allows you to pay your mortgage or rent using your brand-new credit card. You can also avoid paying your rent or mortgage fees via a credit card. For example, the Bilt Mastercard lets you pay rent and mortgage without worrying about fees.
However, many credit cards don’t offer this facility. Still, paying rent or mortgage at a lower interest rate or fee can help you reach the minimum spending threshold required by your credit card.
5. Purchase Gift Cards
How to spend $4,000 in 3 months Reddit? You can use your credit card to buy gift cards that you can use later for shopping. Thus, you can avoid unnecessary shopping that includes what you don’t require. However, what types of gift cards could you buy with your credit card to hit the minimum spending limit?
For instance, you can invest in a Lowes gift card if you have a plan regarding home improvement soon. On the other hand, you can convert your monthly credit card spending limit into an appliance voucher or gift card. Later, you can use the gift card to buy the required appliances for your home.
Thus, you can quickly meet the credit card’s monthly spending threshold with planned purchases. Surprisingly, nothing goes to waste. However, don’t forget to check the terms and conditions of any gift voucher you purchase with your credit card. Ensure that they don’t lapse any time soon.
6. Pick Up the Entire Restaurant Bill
You often meet your family and friends over a fine dining experience, right? Now, you can use the opportunity to reach your credit card’s minimum spending limit. You have to put the whole meal bill on your credit card.
Since many restaurants don’t accept multiple cards on a single meal for splitting up, putting up your card for the cost will be much more convenient. On the other hand, your credit card will pay towards a hefty sum for the get-together meal.
After paying through your card, others can pay you via online services like Venmo or PayPal. Otherwise, they can give you cash after splitting up the bill equally. Here, you pay a considerable amount for the meal because you get funds to cover others’ portion of the bill.
On a contrary note, your friends have to help you in this situation. Hitting your credit card minimum spending limit becomes easier when you have reliable friends. After all, it’s wise not to afford a costly group meal every time you have to chase down bonuses.
7. Get Miles or Points
Reach your credit card minimum spending amount by purchasing miles or points. However, you must have prepared a plan for using them later. Otherwise, it’s not a good option, as fluctuations in the value of miles and points are quite common.
Hence, you should invest your credit card in purchasing miles or points only if you will use them soon. Additionally, you can look for bonus-point promotions to reap the maximum benefits of miles or points.
8. Pay Taxes with Your Credit Card
You can pay your taxes with your new credit card if you anticipate bonuses and rewards. For instance, use third-party services such as ACI Payments Inc. to pay your state and property-related taxes. Additionally, you can find out whether you can pay your federal taxes using your brand-new credit card.
Unfortunately, you can face additional charges while paying taxes with your credit card. Moreover, you can lose some of your earned points. Still, we think that it’s worth the use if the rate isn’t too high.
9. Plan Your Holiday
How to spend $4,000 in 3 months for a credit card minimum spending limit? Booking your holiday is the easiest way to cover the minimum spending requirement. Moreover, you must pay for everything surrounding the holiday through your new credit card.
Plan your mini-beak with friends and family for Halloween, Thanksgiving, or Christmas. Book your flight or other modes of transport, accommodation, and more with your credit card. Fortunately, you can earn some additional miles for travel spending.
10. Pay for Business Expenses
You should keep different credit cards for personal and business expenses. Do you need more time to hit your credit card minimum spending amount? You can use the new credit card to pay business expenses in that scenario. Additionally, you can get reimbursed from your company or employer.
Before you go for it, check with your employer whether you can use the credit card for business expenses. However, you must take out a minimum amount of credit from your card for your business expenses. As a matter of fact, reimbursement in this case can take a while. Hence, you might have to clear the balance on your credit card even before your company manages the reimbursement.
11. Use The Card as a Down Payment on Your New Car
Yes, this trick can help you hit the credit card minimum spending requirements. If you want a new car, your credit card can help you make a down payment on it. However, you can’t pass the entire charge to the card.
Still, you can make a down payment, and it helps you reach the minimum spending limit. Many dealerships accept a down payment of up to $5,000 on a credit card. However, you must discuss your chances with the salesperson in charge before you plan to purchase a car.
In Conclusion…
Hitting the credit card minimum spending amount can be challenging if you don’t know how to achieve it. However, this guide tells you all the essential payments you can make with your credit card. Undoubtedly, you will reach your milestone if you are on the right track for 3 months or the mentioned timeline. You can ask your family members to help you hit the minimum spending limit for a limited window.
