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Easiest way to reach 12 debit card POS transactions (checking account)?

93 12 February 1, 2012 at 04:40 PM
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I'm 'interest'ed in opening a high yield checking account, but the most challenging requirement to meet all the goals each month is the 12, non-pin transactions. I've heard that you can just select credit when checking out to avoid the pin and that works. Internet purchases also apply.

How do you guys who have these 8, 10, 12 card usage requirements go about it? Obviously I have regular purchases I make, which I'd rather use the credit card for, but I prob don't even use it 12x a month.

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#2
I don't have one of these cards but a couple things pop in mind relatively quickly. Yes, you select credit when using the card at the POS location. Just be mindful of where you are and what you are buying. I hardly use my debit card for anything because I'd be missing out on the CC rewards. But, there are some small things that don't really matter.

- buy a pack of gum when you stop for gas
- ring up one item at the grocery store as a separate transaction with the card
- use it for a cup of coffee once a week
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#3
Yeah, I was thinking about just buying 12 packs of gum at Wal-Mart or something at the self-checkout in separate transactions lol. AFAIK dollar amount don't matter.. But yeah, I'd rather just get the rewards with the CC as well. I want to get a batch done with at the beginning of the month so I don't have to worry about not meeting it.
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Last edited by gillabong February 1, 2012 at 06:50 PM.
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Quote from gillabong
:
I'm 'interest'ed in opening a high yield checking account, but the most challenging requirement to meet all the goals each month is the 12, non-pin transactions. I've heard that you can just select credit when checking out to avoid the pin and that works. Internet purchases also apply.

How do you guys who have these 8, 10, 12 card usage requirements go about it? Obviously I have regular purchases I make, which I'd rather use the credit card for, but I prob don't even use it 12x a month.
you can do like 3 "credit" purchases with your card each week (or every 4-5 days depending on bank). Just do 3 each week when you buy gas, for a total of 12 each month.
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#5
Amazon gift cards $1 gift cards or less send them to yourself, some utility bills you can pay in increments. I avoid using my debit card except for meeting the monthly purchase requirements which I meet with Amazon gift cards. Im not a fan of the protection offered by them and the benefits are not that great.
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#6
Just swipe your Debit as CREDIT or use it online. Easy. The only time you should ever be entering your PIN is at an ATM or if you need cashback.

You're protected better this way.
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$1/month to each of 12 girls

http://myfreeimplants.com/index
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If CC payments qualify, do amazon payments to yourself. I don't know what the minimum is, but you could set it up so it dumps the $$ right back into your bank account. What's best is that you aren't "out" any money for doing this.
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Quote from moey
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Amazon gift cards $1 gift cards or less send them to yourself, some utility bills you can pay in increments. I avoid using my debit card except for meeting the monthly purchase requirements which I meet with Amazon gift cards. Im not a fan of the protection offered by them and the benefits are not that great.
This would work as well, I definitely spend $12 on Amazon/mo.

Quote from Dr. J
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If CC payments qualify, do amazon payments to yourself. I don't know what the minimum is, but you could set it up so it dumps the $$ right back into your bank account. What's best is that you aren't "out" any money for doing this.
Interesting. How would I go about this without selling anything?
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#10
google amazon payments.

you pay yourself, withdraw, repeat.
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Quote from Dr. J
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google amazon payments.

you pay yourself, withdraw, repeat.
Do you do this? Seems risky, apparently you can't transfer money to your own account and they will freeze/close your accounts if you open 2 of them. Thanks for the idea though, I think I might do the same thing but on my Serve account (no fees until June). After that I don't know. Haven't used PayPal in awhile, but I'm sure the fees are up to double digits now.
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Quote from gillabong
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Do you do this? Seems risky, apparently you can't transfer money to your own account and they will freeze/close your accounts if you open 2 of them. Thanks for the idea though, I think I might do the same thing but on my Serve account (no fees until June). After that I don't know. Haven't used PayPal in awhile, but I'm sure the fees are up to double digits now.
I did to meet purchase requirements for a CC last summer. I had to push $1500/mo so I'd run $1k through AP each month. The from and to accounts were different names, etc.
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Quote from Dr. J
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I did to meet purchase requirements for a CC last summer. I had to push $1500/mo so I'd run $1k through AP each month. The from and to accounts were different names, etc.
Think of it this way... depending on what the yield is on your account, you'll probably be making more with the checking account (assuming there's a decent balance in there) than you would with regular credit card purchases.

$10,000 in an account with a 1.25% yield = $125 a year

So if you use the ATM on your 12 smallest purchases per month, you'll still get the larger credit card benefits. So the simplest answer; use your ATM for any purchases under $10 in a month (up to 12). At most you're losing out on 10 cents per transaction with a credit card, which would only amount to like $15 bucks a year.
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#14
I pay my time warner bill $1 at a time
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#15
utilities that take your payment online with CC are your friends Smilie..
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