I wrote before on how easy it is to meet the minimum spend requirement using MoneyPak and AMEX Serve Card. Now of-course with the onset and availability of Pin based Visa/Mastercard we have new ways on meeting the minimum spend to get that new credit card sign-up bonus. Below are few possible ways on meeting your spend requirement with minimal cost to you.
Method 1: Using BlueBird AMEX Card:
Using BlueBird Debit is by far the best way to run-up the spend meet of up to $5k/month easily. The method involves buying Visa Gift Card at stores which allow you to buy using a credit card. You can also use credit cards which bonuses specific category of purchase like grocery (Blue Cash Preferred with 6x), grocery+drug store+gas (ThankYou Preferred for 1st year with 5x) or Office Stores (Ink Bold or Ink Plus with 5x), that would increase your earning potential tremendously . The method involves setting up the pin on your Visa gift card, going to your nearest Walmart and loading the BlueBird Debit Card with the Visa gift card at any of the Money-Center Kiosk or customer service counter. You can load $1k/day upto $5/month on the card. You cannot have more than one BlueBird Card, but of-course if you have spouse you can have a card on her name as well and thus increase the amount of available loading to $10k/month.
Method 2: Buying Money Orders at Walmart and other stores which accept Visa Gift Cards:
You can use Visa Gift Cards to buy Money Orders at lot of places including Walmart. Since most places which has this service requires a pin-based debit card you should be good to purchase Money Orders using Visa Gift Cards. You can make these money orders on your spouse name which can be deposited in his/her account or if you are renting a house you can make money order on your land-lord's name as well for your rental payment.
Method 3: Buying Green Dot MoneyPak:
You can still find MoneyPak with $0 fee at many pharmacy stores which will allow you to make the purchase using a Visa Gift Card with pin. This is of-course is YMMV but can help to liquidate the Visa Gift Card by eventually using MoneyPak to load to variety of prepaid cards including MyGreenDot which allows free MoneyPass ATM withdrawal's and a great way of meeting minimum spend. Of-course the incentive of using Visa Gift Card for buying MoneyPak is that Visa Gift Cards are available in wide variety of stores and thus you can use a credit card which bonuses your purchase of Visa Gift Card and thus multiply your points/cash-back earned.
P.S. You can of-course meet your minimum spend requirement with $0 cost or make even a profit by purchasing Visa Gift Card online from giftcardmall through cash back portals like BigCrumbs and TopCashBack. FrequentMiler has a wonderful article on this which would be of your interest.
Disclosure: I do not earn any commission on above credit card links but I do earn a referral bonus if you use my BigCrumbs or TopCashBack links.
We all want to maximize the % of cash back on our day to day shopping, specially at stores for which the gift cards are easily available. Assuming you can get one of the Cash Back Card which gives quarterly rotating category bonus of 5% such as Discover IT credit card or Chase Freedom credit card or American Express Blue Cash Preferred credit card which gives 6% cash-back on stand-alone super markets or grocery stores (limited to max $6k/year) you can easily get atleast 5% or 6% off of your gift card purchase from the stores included in above categories. The interesting twist here is if you can find a store which falls in 5% or 6% cash-back category and sells the Ebay/MasterCard/Visa gift card you can further stretch your dollars to easily get a total discount of anywhere from 7% to 20% on the final merchant gift card which you can eventually use for your actual purchase. Below are couple of ways on how to get this to work!
Buying merchant gift cards using Ebay gift cards:
Note: You will need to have a PayPal account or create one for this to work.
Purchase using MasterCard/Visa Prepaid card:
If Ebay seems to be too limited in scope or lot of hassle you have another option below.
Put above techniques to use to get great discount even before you hit your store, but before you go make sure you already have 5% or 6% cash-back credit card at your disposal.
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