Author Topic: Best Way To Meet A Spending Threshhold  (Read 1297 times)

Offline koslo

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Best Way To Meet A Spending Threshhold
« on: November 02, 2022, 02:10:22 PM »
Didn't see a thread for this..
Anybody have any clever ideas?

Offline ckmk47

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Re: Best Way To Meet A Spending Threshhold
« Reply #1 on: November 02, 2022, 03:44:13 PM »
There are lots of threads on this, although I don't know what their titles are.
There are no brilliant ideas.


I see that you're in Israel, which is probably even harder.
Good luck.
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Offline dm123

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Re: Best Way To Meet A Spending Threshhold
« Reply #2 on: November 02, 2022, 04:03:43 PM »
https://www.dansdeals.com/credit-cards/8-quick-ways-to-help-meet-a-credit-card-signup-spending-requirement-and-land-a-mega-signup-bonus/

It's a year old, Dan usually posts some updates when he posts new cards such as:
Quote
Spend Threshold:
You’ll need to spend $6,000 on this card within 3 months.

You can pay your federal taxes for a 1.87% fee. If you overpay your taxes you can request a refund or apply it to your next year’s taxes.

My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.

See this post for more ideas on meeting a credit card spend threshold.
https://www.dansdeals.com/credit-cards/incredible-earn-whopping-90000-fantastic-no-annual-fee-chase-ink-cash-card-earn-5-points-per-dollar-amazon-hundreds-stores/

Offline i3ond

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Re: Best Way To Meet A Spending Threshhold
« Reply #3 on: November 03, 2022, 06:43:26 PM »
Can you overpay your taxes by credit card and then buy some ibond with it?
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Offline ckmk47

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Re: Best Way To Meet A Spending Threshhold
« Reply #4 on: November 03, 2022, 11:20:50 PM »
Can you overpay your taxes by credit card and then buy some ibond with it?
Actually, that sounds like a good idea. And I think you're able to do it.
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Offline Danlover111

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Re: Best Way To Meet A Spending Threshhold
« Reply #5 on: November 04, 2022, 02:31:40 AM »
Actually, that sounds like a good idea. And I think you're able to do it.
Details please?

Offline JMHO

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Re: Best Way To Meet A Spending Threshhold
« Reply #6 on: November 04, 2022, 07:16:20 AM »
My wife usually helps me reach the spending threshold... So far it's never been an issue!

Offline herb

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Re: Best Way To Meet A Spending Threshhold
« Reply #7 on: November 04, 2022, 08:34:37 AM »
Quote from: JMHO link=topic=131133.msg2649435#msg2649435  date=1667560580
My wife usually helps me reach the spending threshold... So far it's never been an issue!
you mean spending limit I think  ;)

Offline ckmk47

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Re: Best Way To Meet A Spending Threshhold
« Reply #8 on: November 04, 2022, 12:39:12 PM »
Details please?
Pay estimated taxes much higher than you expect to need to pay.
Then do a full tax filing and you'll get a refund.  You're allowed to use that to buy bonds beyond the $10,000/year cap.  So buy your regular limit of bonds before you file your tax return.
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Offline i3ond

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Re: Best Way To Meet A Spending Threshhold
« Reply #9 on: November 04, 2022, 01:22:27 PM »
you mean spending limit I think  ;)

That actually could be less in some cases.  Chase gave me a low credit limit back when churning was easier.  I had to submit 3 payments in one month because it was $1000 limit.

I bonds max per year is 10k + 5k for tax refund =15k per SSN
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