Source: The Points Guy
Summary
Meeting minimum spending requirements for credit card welcome bonuses can be challenging. The Points Guy suggests strategies to help, including using the new card for all purchases, paying rent or mortgage, prepaying insurance and utilities, picking up the tab at restaurants, donating to charity, paying taxes, purchasing points or miles, putting part of a planned vehicle purchase on the card, getting reimbursed for business expenses, and asking friends and family for help.
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The escape is carefully planned.
Pay your rent or mortgage, prepay your insurance and utilities, and pick up the tab at restaurants to meet minimum spending requirements. You can also donate to charity, pay your taxes, or purchase points or miles. If you’re planning a big purchase, consider putting part of it on your card. Don’t forget to get reimbursed for business expenses or ask friends and family for help. The bonus is just a few charges away.
And remember, the bonus is just a bonus – don’t overspend just to earn it.
Author: Evan Null
