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My mom signed up for 2 credit cards in the last month, and the best travel credit cards often come with minimum spending requirements that you have to hit. If you don’t meet the minimum spending requirements (even if you are off by just ~$10!), you will NOT get the welcome bonus. So when I get a new credit card, I always closely manage the minimum spending so that I’m ensured of receiving the welcome bonus.
Here’s How My Mom Completed the Minimum Spending for These 2 Top Travel Credit Cards
My mom recently got approved for the Chase Sapphire Preferred® Card and the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®.
- Chase Sapphire Preferred Card – earn 50,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®
- CitiBusiness® / AAdvantage Platinum Select World Mastercard – earn 70,000 American Airlines bonus miles after making $4,000 in purchases within the first 4 months of account opening
Knock Out ~$8,000 in Minimum Spending Requirements in 1 Month – I’ll Show You How!
$8,000 is a lot of spending to do in just a few short months. But the benefits are well worth it, so here’s what we are doing to meet those pesky minimum spending requirements. It can be done. Just make sure that you have enough cash in your bank account to pay off the credit card payments when they are due. You do NOT want to carry over interest fees. My mom runs a small business out of her home, so some home-related costs are applicable as her business expenses.
You don’t have to meet the minimum spending requirements in 1 month, like I am. You can take more time to stretch out more payments. Just be sure to track the minimum spending deadline to the date you got approved for the credit card, not when you received the credit card.
I’m the kind of person who doesn’t like added stress and risking missing very important deadlines, so I like to cross off my to-do list sooner than later. Plus, I plan on using January to meet my minimum spending requirements needed for the Chase Southwest credit cards because all 3 consumer Southwest Cards are now offering up to 60,000 points (and count towards the Southwest Companion Pass!)
- Southwest Rapid Rewards® Priority Credit Card – Earn up to 60,000 Southwest points after meeting minimum spending requirements
- Southwest Rapid Rewards® Premier Credit Card – Earn up to 60,000 Southwest points after meeting minimum spending requirements
- Southwest Rapid Rewards® Plus Credit Card – Earn up to 60,000 Southwest points after meeting minimum spending requirements
Prepaying Home/Car/Umbrella Insurance
My mom called her insurance company and her electric bill provider and asked them if she could prepay the 2019 bills. They said yes, and now she’ll have a $1,000 credit on her account that will be applied next year.
Prepaying Internet & Phone Bills
My mom and I prepaid a combined ~$1,000 on our phone and internet bills. This credit will be used for subsequent bills in 2019! If you have the Ink Business Preferred℠ Credit Card, consider skipping prepaying your internet and phone bills with any other card. That’s because you earn 3X Chase Ultimate Rewards points for every $1 you spend on internet, cable and phone services (up to a maximum of $150,000 in combined purchases per account anniversary year).
There are other categories where you can earn more Chase points. However, if there is no other way to meet the minimum spending, then it’s worth it to get the welcome bonus!
Homeowners know that a house can keep you busy, and that you have to foot the bills for whatever goes wrong. Unfortunately, I woke up one day to find my patio door had shattered. Thankfully, the door is tempered glass and no one was hurt. Now I’m getting quotes for a new patio door, and I estimate that the costs will run around ~$2,700.
Christmas & Baby Shower Gifts
Applying for credit cards before Christmas helped my mom and I meet the minimum spending. Also, my best friend is having a baby, so we bought a few gifts for her baby shower. Our Christmas and baby shower gifts will probably run a combined ~$1,200 in credit card spend.
Grocery bills can get expensive, especially if you have a larger family. My mom and I went to the store and stocked up on groceries and household items we’ll use throughout the coming year. More expensive things like laundry detergent, vitamins, and supplements can help take a bigger chunk out of the minimum spending requirement.
Asking Trusted Friends & Family to Help
I let my friends know that my mom and I signed up for a few credit cards in the last month, and if they have any large purchases, to consider letting us pay with our new credit card and then reimbursing them. After having that discussion, he generously offered to let me pay hundreds of dollars of cat-sitting fees!