Spending threshold plays a huge role in credit card signups. If you don’t meet the threshold, you will not get any of the bonus points. Credit cards like the The US Airways® Premier World MasterCard® or the Williams-Sonoma Visa® Signature Card have no spending requirements, so some people stick with those. Other people like the The Frontier Airlines World MasterCard® or the The Hawaiian Airlines® World Elite MasterCard®, as they have relatively small spending threshold.
So you signed up for the Chase Ink Plus Business Card and the Premier Miles & More® World MasterCard® and now you need to spend $10k. You start to freak out, but that’s not going to help the situation. You are maxed out in your Amazon Payments account, and you already read our Meeting A Spending Threshold post. You about to throw in the towel and then you saw this post.
Get Paid To Meet A Spending Threshold!
Okay, we got your attention but how is it done?
Make the purchase
eBay has on it’s daily deal today a 16gb iPhone 5s for only $599.99. Now if you would take a quick look over to Amazon.com you will see the same phone selling for ~$680 – $720. Before you get excited let’s make sure you have every detail in place to maximize this “Spending Threshold”.
How to make the purchase
Do not login to Bay to make the purchase, that would be foolish. As we always mention, there is cash back portals that give you bonuses on your purchases. Topcashback.com is offering .5% back on all eBay purchases. (If you signup via our link we will make $10.) .5% off of a $600 purchase is a $3 bonus. Make sure that your eBay account is registered for eBay Bucks. eBay Bucks gives you 2% back after the quarter. 2% on a $600 item is another $12. We are holding by $15 profit.
Once the item arrives
There is a few ways how to sell your iPhone
- Relist it on eBay as an auction. This is generally not the best idea.
- Relist it on eBay as a Buy it Now. This is a good idea, but you will not get the best value for your time.
- Sell it locally on craigslist. YMMV (your mileage may vary)
- Sell it on Amazon
Sell it on Amazon
There are 2 ways to sell on Amazon
What is the difference?
The same way you can sell something on eBay and need to ship it out, you can sell on Amazon. Once the product sells, you will need to ship it to the buyer. Amazon will email you that the item needs to be shipped. You can bring the item to the post office and ship it there, or you can print shipping from Amazon directly. Shipping weight is 10 oz.
Also termed as FBA – Fulfilled By Amazon. This method is the best bang for your buck. There is a few reasons why FBA sells better then any other online sale.
- It is covered by Amazon’s Prime Shipping service
- Buyers know their item will be shipped out fast
- Items can be shipped worldwide
Buying a Daily Deal on eBay to flip on Amazon is extremely common. It is a great way to meet a spending threshold too! Selling with Amazon’s FBA is the quickest and best valued way to sell online.
How to sell FBA
Create a seller account in Amazon’s Sellers Central
Create a listing by clicking on Inventory –> Add a product
Add the product you are selling. first type in the product name. Then hit “Search“. When your product shows up hit “Sell Yours”
You will be redirected to a product summary page. Choose the correct information.
Your Price: $700 (or whatever you choose)
Shipping Method: I want to ship this item to Amazon
Select: “Save and Finish”
You will be redirected to the FBA panel.
Keep everything the way it is. “Create New Shipping Plan” and “Individual Products“. Press Continue to Shipping Plan.
Enter the amount of units you will be sending, and press “Continue“.
Continue to Prepare Products, and then to Label Products. Print out a label for the product or Select “Amazon Labels” it only costs $.20
Approve shipment then click Work On Shipment.
Next you will need to put in the Shipping weight of 1 lb.
Then “Calculate” and it will determine the shipping cost. It usually is $3.24, hit “Accept Shipping Charge”. All you need to do is “Print Box Labels” and “Complete Shipment”.
Bring the box to your local UPS, drop it in a UPS bin or give it to a UPS driver. The iPhone will reach Amazon’s warehouse in a few days and be put into inventory. It will take a few days to sell. when it does the money goes into your Amazon Seller account. You are all set!
Besides for being $600 closer to your spending threshold, and selling the phone for $100 more. (Keep in mind there is $60 Amazon fees.) you also made $15 in cash back plus 600 miles on your credit card.
I know this sounds like it will take 4 hours, and it is not worth your time, but hey I can do it in 10 minutes. Where do you get paid $50 in 10 minutes?
Get Paid To Meet A Spending Threshold b y buying on an eBay Daily Deal and selling it on Amazon!