Forum Thread

Strategies for increasing credit card spending without ruining the budget

BostonFern 34 10 June 19, 2016 at 05:24 PM in Finance (3)

Thread Details

I want to apply Chase Sapphire card, which requires spending $4000 during the first three months. I don't have that much to spend, so I'm thinking what else to do to increase my spending without ruining my budget.

I thought of buying store gift cards, which has its problems: unable to track spending, can be lost like cash, and limited by my future purchase of goods.

Can I use this Chase card to buy prepaid credit cards? If this is possible, I can use these prepaid cards to pay for future goods and services. Is there a monthly service fee?

What are the other ways to increase credit card spending in a short period without actually having to spend more?



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Joined Jul 2008
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Maybe you could pay some of your bills with the credit card. In my experience, insurance, cable/internet/cell phone companies often take credit cards and don't charge extra fees.
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Number one why do you want that specific card? the simplest solution is to find another company without the crazy spending requirements. are you certain you don't have to spend a minimum amount after the 3 months are done?

I hate prepaid credit type gift cards. They charge an initial fee just for buying the card over your limit. even if you did blow 4k a month on them you would normally have to spend the balance asap or an account maintenance fee will start to be charged after a year.

If you want to meet this you would need to buy a lot of something now and HOPE it maintains the current value and can be resold. Silver, Gold, and platinum, are the only things I can think of. Buy coins on ebay with your cc attached and primary method for paypal? Good luck with the market and selling them later.

Edit did not think i quoted the above poster. removed quote.
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You should stock up on some discount gas cards on ebay. You'll eventually use those, but as you say, you can't track the spending very well, and they may be lost so you have to be on top of it. If you have any friends or family members who might be interested in helping out, you can also sell them the cards for what you paid (don't be a jerk and try to sell them at face value.) It is a win/win as they get discount gas and you generated some spending. Gift cards on ebay also qualify for cash back on a major shopping portal which cannot be named here (google it). Add that to the fact that you can earn ebay bucks, and you come out ahead.

I agree with burner1515, avoid the credit type gift cards. Most of the time you get stuck win an initial fee.

Another option is to open anew bank account and fund it with a credit card. Just make sure the transaction goes through as a purchase and not a cash advance. I fund the account with the card, and then use the money in the account to pay off the balance on the card. Not all banks allow this, but many do. They also offer signup bonuses, so you can bring in a few bucks that way as well. See the link below for one I've done.
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Joined Aug 2005
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I did this, but applied before I knew I was going to buy some furniture and a new computer so it was easy. I would argue it's pretty bad practice to buy stuff you don't need just to get the "reward" even if you will eventually use it. Look at your time period, I know for my card I had 3 months to meet that spending level.

If you do buy gift cards make sure you don't get hit with a maintenance fee if they go unused for x amount of time.
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Vague questions receive vague answers . . . . . .
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Down payment on a car
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why to increase the credit limit if you don't much to use
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Prepay insurance, utilities, cable etc.
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