Credit Card Offer to Spend $6000 to Meet Bonus Requirement

justwii on 08/10/2019 - 16:12

I opened this post https://www.ozbargain.com.au/node/474622 last time for ideas to quickly spend a few hundred dollars to meet the bonus requirement. Thanks for all the ideas and I ended up purchasing a few hundred dollars worth of gift cards as thats the quickest.

Now I have applied a new CC but this time it requires a spending of $6000 by Jan next year. Since there are still a few months, I guess I can have more options this time. I know for sure my daily expenses won't be enough and buying GCs that amount would just take ages for me to use. Otherwise any good idea?

Financial Credit Card

Comments

  • ilsan0 on 08/10/2019 - 16:13

    pay council/strata for the year
    pay utilities in advance
    pay car/house insurance for the year

    • justwii on 08/10/2019 - 17:52
      +1

      Seems there is extra 1.5% or something using CC to pay for those?

  • Fier2 on 08/10/2019 - 16:19

    Christmas is around the corner… Your credit card might be handy. I would say to try to pay bills upfront if possible, stock on gift card for you groceries and maybe if you go out with friends or families, pay the bill for everyone with your credit card and ask them to pay you back with cash ? Or transfer ?

  • KBZ on 08/10/2019 - 16:45
    +2

    I've heard people use the book a fully refundable hotel in the future than once bonus points are paid. You refund the transactions.

    • sw0rdy on 08/10/2019 - 17:36
      +1

      that or airline seats (i.e fully flexible business class)

      • justwii on 08/10/2019 - 17:51

        Does it work if the card is closed by then? e.g. got the bonus, redeemed, closed, go refund, where would the money go?

        • sw0rdy on 08/10/2019 - 18:51
          +1

          step 1: buy the seats (book for 12+months away)
          step 2: wait for points
          step 3: once points are in your account, issue refund
          step 4: close CC (if you prefer to)

          • Randxyz123 on 08/10/2019 - 19:58

            @sw0rdy: Your points might disappear if you get a refund!

  • forrester on 08/10/2019 - 17:52

    Which card did you apply for?

  • FareEvader on 08/10/2019 - 22:06
    +2

    You can pay my bills :)

  • randomusername2017 on 08/10/2019 - 22:16

    Use a payment provider that deposits to your bank account… rinse and repeat
    Other variations of the above including other credit cards or the card in question
    Will cost 1.5% but could argue this is offset by the 6000 reward points

  • Choc0 on 08/10/2019 - 22:54
    1. Buy Phone/camera/other small, high value item from JB with the credit card
    2. Wait a week
    3. Return unopened item to a different JB store
    4. Produce debit card when doing the refund.
    5. Transfer cash from refund to your mortgage offset, then wait
    6. On the date your card is due, pay credit card to avoid penalty interest
    • justwii on 09/10/2019 - 00:03

      Haha, how to do step 4?

      • kerfuffle on 09/10/2019 - 06:42

        Hope you get someone daft processing your return. Could get away with it at Costco as they don’t ever check I believe, but if you tried this at DJs, they would just give you a gift card for the value of the item if you didn’t have your original card

  • melay0326 on 16/10/2019 - 17:05

    Pay upfront your bill then switch to a different provider they can refund the over payment to your bank

  • Poolprouk on 17/10/2019 - 14:39

    If you have health insurance extras that you use regularly then instead of using your health insurance card, pay the full amount on your credit card for any services you receive. Then claim back manually from your health insurer and get them to pay it into your bank account.

  • foxbat on 19/10/2019 - 08:30

    If you have private health insurance, prepay it up to a year in advance.

    Or prepay mobile / internet bills in advance.

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