Monday, January 14, 2019

Attaining Credit Card Reward Bonuses

I see a lot of people wondering how they can achieve the spend requirements on credit cards to receive the sign-up bonuses. Many cards these days offer bonuses of 50,000 points or more. In my example, I am going to use the Venture card by Capital One. This card gives 50,000 points worth $500 as a statement credit toward travel when you spend $3000. If you would like to see a good review of the card check out this full review by The Points Guy 

Let's get down to how we are going to spend the $3000. In order to makes this work for most people, you will have to have some extra money to pay some bills ahead of time. It's time to get out your budget. If you don't already have a budget its a good time to make one. What I like to do is check off whether an item can be paid with a credit card or not. Currently, I can pay my Car Insurance, EZ Pass, Electricity, Phone, Groceries and Entertainment Costs by credit card. For me, this amounts to about $600 a month. I can also pay my Auto Registration by credit card, but this requires careful timing. As you will see $600 a month over 3 months is only $1800 so we will need to be a little clever. How are we going to get the remaining $1200?

First I can pay car insurance in blocks of 6 months for about $645 if I time opening the card correctly. This brings us up to $2122.5 since the $1800 included 3 months of auto insurance.

The second thing I can do is time my payments so that I have 4 electric bills during this period. My bills are due on the 4th of the months and I receive them on the 10th. This adds about $200 dollars. We are now up to $2322.5.

Now its time to get a bit creative. If you are already planning a trip you may be able to spend the remaining $678 on that. If not let's start by talking about things you can prepay. First I can prepay for tolls on EZ Pass lets say $100. Next, you can prepay for anything that offers gift cards. This means gas and groceries, but also even things like Netflix and Apple Music. I prefer to buy my gift cards at a discount on Raise. In the following example, you could spend $300 on grocery cards, $200 on gas and $80 on normal entertainment expenses. You can get very creative here and often save a lot of money on discount cards. Plus you can even get an addition 1% cash back through Swagbucks.

So here is how it all adds up.
$1800 in normal monthly expenses.
$322.5 in prepaid car insurance
$200 by timing your electric bills
$100 in prepaid EZ Pass
$300 in Grocery Gift Cars
$200 in Gas Gift Cards
$80 in entertainment cards
Total $3002.50

The great thing about this plan is that it is all things I would buy anyway and the fees for this are very low. The only charges for using credit are from the electric company which charges $1.5 a transaction for a total of $6. See how you can get creative with this. Make sure you only spend money you have and you pay the credit in full each month. Otherwise, the interest will quickly eat up your savings.


  1. Very often in schools, the playing seasons for many sports start almost immediately when the school year starts. With our children away for long vacations, our athletes very often return to school to face competitions with very little training time darts for dartboard

  2. Another difficult that can be dodged is the demagnatization. The titanium secures against the attractive fields like the one of your portable or your iPod. The idea is exceptionally simple. gsm atm data receiver

  3. there are individuals prowling in the shadows attempting to take your ATM data. Subsequently, you should know so as to secure yourself. dumps with pin

  4. Notwithstanding the typical wellbeing safety measures required when utilizing ATMs, you ought to likewise know that your data can be undermined WITHOUT your genuine card being taken. gsm receiver atm

  5. It's anything but difficult to perceive any reason why credit and charge cards are developing more famous than money. It's simpler to convey, and simpler to follow going through with. cc dumps

  6. Super site! I am Loving it!! Will return once more, Im taking your food likewise, Thanks. highest possible credit score

  7. I just couldn't leave your website before telling you that I truly enjoyed the top quality info you present to your visitors? Will be back again frequently to check up on new posts. 신용카드 현금화

  8. Stupendous blog you guys have provided there, I will absolutely valuate your effort.
    click for source

  9. Thanks for sharing this quality information with us. I really enjoyed reading. Will surely going to share this URL with my friends. 신용카드 현금화 추천

  10. Hello, this weekend is good for me, since this time i am reading this enormous informative article here at my home. Slice invite code

  11. This article is having some key points for how to get faster Credit Cards For College Students. Here you can also see what are the pros and cons for apply Credit Cards For College Students. slice invitation code


The Exciting Rumors Surrounding the 2024 iPad Pros

  As the tech world eagerly anticipates the next evolution of Apple's iconic iPad lineup, rumors and leaks surrounding the 2024 iPad Pro...

Popular Posts