3237: 10 Ways to Meet Minimum Spending Requirements For Credit Card Bonuses by Philip Taylor of PT Money

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4.4 • 1.3K Ratings

🗓️ 5 August 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3237: Philip Taylor lays out creative and practical strategies for meeting credit card minimum spending requirements without overspending or going into debt. From leveraging upcoming big-ticket purchases to paying taxes or funding peer-to-peer loans, these smart techniques help you unlock valuable sign-up bonuses while staying financially responsible. Read along with the original article(s) here: https://ptmoney.com/ways-to-meet-minimum-spending-requirements/ Quotes to ponder: "Only spend what you intended on spending. Don’t let the fact that you are meeting a spending requirement influence how much you spend." "You can make an annual payment instead, and odds are your insurer will allow you to make the payment using a credit card." "Bring your credit card with you everywhere. Get a second for your spouse. Make sure you use it everywhere and every chance you get." Episode references: Prosper: https://www.prosper.com IRS Credit Card Payment Information: https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-card Amazon Payments: https://pay.amazon.com RentShare (now part of Avail): https://www.avail.co Official Payments: https://www.officialpayments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.5	This is Optimal Finance Daily. Ten ways to meet minimum spending requirements for credit card bonuses.
0:39.2	By Philip Taylor of PTmoney.com. So you applied for that new credit card with the huge upfront spending bonus.
0:47.4	Now you're left wondering, how the heck am I going to spend thousands of dollars in the next few
0:52.5	months? You might not have even made it that
0:55.5	far. You may look at those upfront spending requirements, such as spend $5,000 in three months
1:01.9	and receive 50,000 bonus points, and never apply, thinking you'd never spend that amount of money.
1:09.2	That may very well be the case, but before you
1:12.0	completely write off the idea, take a look at these not so obvious ways you can fulfill the
1:18.0	minimum spending requirements for your next credit card bonus. As with any credit card post,
1:23.9	I like to make sure I'm speaking to the right people. Don't try this if you have
1:28.5	existing credit card debt or have a problem paying off your entire balance in full each month.
1:34.5	Also, if you're hawking your credit score because you're applying for a mortgage soon, don't
1:39.3	attempt to this. Finally, make sure you do three things. Number one, read the user agreements with your credit cards to make sure you do three things.
1:47.4	Number one, read the user agreements with your credit cards to make sure these payments will be accepted as regular transactions
1:51.5	and not cash advances.
1:54.5	Number two, don't overdo it.
1:56.9	For instance, don't spend the entire requirement on one gift card purchase. Spread out your spending and take your time.
2:04.6	And number three, make sure you understand the user agreements and associated fees with each of these payment methods.
2:11.6	Fees can negate points earned.
2:14.6	All right, enough delay.
	...

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