Minimum Spends :Credit Card Points and Miles
Editorial Disclosure – Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post..
What is a credit card minimum spend?
A credit card minimum spend is the lowest amount before you can earn rewards, such as cashback or points, from your credit card.
For example, if you receive a credit card with a minimum spend requirement of $3,000 in the first three months, you must spend at least $3,000 to take advantage of the rewards the card offers.
The minimum spend requirement may vary depending on your card type and the issuer.
Meeting Minimum Spend
Meeting credit card minimum spending can be an effective way to earn large signup bonuses that can be redeemed for points or miles to use for travel.
After you’ve chosen your card, create a plan to meet the minimum spend requirement. Consider using your card for everyday purchases like groceries, gas, and other routine expenses.
You can also make larger purchases with your card or meet the spending requirement.
Once you complete the minimum spend, you can redeem your points or miles for travel.
With the correct planning and strategy, you can easily make the most of credit card minimum spending and earn large signup bonuses to use for travel.
Meeting a minimum spend with everyday budgeted expenses
Meeting a credit card minimum spend with everyday budgeted expenses can be a great way to maximize your rewards and benefits from a credit card.
Here are some tips to help you get started:
- Utilize your expenses: If you have regular monthly bills, such as a cell phone bill or utilities, consider using your credit card to pay for them. You can also use your credit card to pay for groceries, gas, and other household expenses.
- Donate to charity: Donating to a charity or non-profit organization is an easy way to meet your minimum spending quickly. You can also use your credit card to make donations to crowdfunding campaigns or other online giving platforms.
- Pay for six months of your car insurance, personal property, and quarterly taxes with a credit card to meet a minimum spend.
- Do you have a child who dances or plays baseball? Those activities are expensive! Be sure to run those expenses through your credit card!
- If you have an FSA or HSA, pay for childcare and medical expenses with your credit card and then use your FSA or HSA funds to pay your credit card statement.
By utilizing these tips, you can quickly meet your credit card minimum spend with everyday budgeted expenses.
Pro Tip!
Travel Freely is my favorite free tool to help us keep track of minimum spending. Travel Freely will send you a reminder email when a minimum spend is coming due. I love this, and you will, too!
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
I found out about points and miles accidentally.
I was researching index funds and happened upon the points and miles community through creators who also post about budgets, financial independence, and investing.
Points and miles allowed those people to travel and work toward financial independence simultaneously.
Thank goodness I got started when I did. The past almost two years of travel have been something we will never forget.
Earning points and miles through credit cards is only a good choice if you have the financial discipline to use them, like cash/debit cards.
Since we started traveling with points and miles, we have had more money going into our investment and savings accounts than ever.
Now I'm excited to teach you!
Welcome
I am excited you are here
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