Credit Card Minimum Spend Strategies

Rainbow of Credit (photo credit, badumtss)

Rainbow of Credit (photo credit, badumtss)

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In the last year or so we’ve opened 9 new credit card accounts, 7 in my name and 2 in Winnie’s. We have plans to add several more in short order.

Many of these cards have great benefits in their own right, but the primary appeal is the generous signup bonuses which saved us nearly $10,000 on our recent trip to Europe.

Normally the signup bonus is dependent on spending a minimum amount within a specific time period, e.g. “Spend $4,000 on the new card in 3 months.” Our 9 new accounts came with a minimum spend requirement of $23,500, no small amount.

How does one meet these minimum spending requirements without breaking the bank? Inquiring minds want to know.

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