Tag Archives: spending threshold


App-O-Rama Update on Approvals and Spending

As you probably know we just did a large App-o-Rama, or 3BM ( 3 Browser Method) recently.  Today we will share what is going on, how we are doing the spending, and some inside tips. First, we would like to start off with screen shots of the approvals.

Under my name I applied for following cards:







As you can see they were all approved, beside for one of the BUSINESS GOLD REWARD CARD because they considered it a duplicate application. Interesting to note, on my wife’s application I got 2 of these cards approved, possibly because they were applied for closer together.  Let’s take a look at the account and see how they are coming along.

Biz Plat spent $2.5k / 20k

Biz Reward Gold $1.3k/ 10k

Simply Cash $1.8k / 5k

The following cards I have already finished the spend on

MB Platinum Card $3k/ $3k

PRG $1k /$1k

Total I still need to spend is $29,500

Now you may notice that I did not include that Platinum card that I was approved for. Truthfully I didn’t notice until now, but it never came!!! I am on the phone with them now asking them where it is. :) Luckily I am writing this post and noticing it!

How do I do my spending?

No, we do not do refundable airline tickets, nor do we do MS (Manufactured spend) we do legit spending. here are some examples.

We bought Wii U from Best Buy for $250 each.

What did we do with them?

We sold them on Amazon Seller Central!

What are the fees and cost in doing this?

Let’s take a look at the Amazon Fee structure. View the Amazon Revenue Calculator here.

Enter in the ASIN and calculate the cost.

This item will sell for $310, and will gross $283.49 subtract the $250 I paid for it will net a profit of $33 per unit (less shipping to amazon costs)!

What were the inbound charges?

3 wii’s shipped together in one box only costed $7.75, only $2.58 per shipment.

That means each wii had a profit of over $30.

Now there are more ways that we can make this even more profitable, but we can’t share all the secrets in one day! Okay, we will share just one more. Before we bought this item we visted ebates.com look what happens. Each order adds up to some serious cash back!

Not every website gives free money but all the big sites that you are shopping on anyways will give you some cash back. Open your account today!

Next update. Wifes cards!

Read more:

Get Paid To Meet A Spending Threshold!

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Credit Cards Can Be Used to Pay Taxes?

TRUE! The IRS allows you to pay taxes with a credit card but you must use a 3rd party payment processor.  The government does NOT accept credit card payments directly.

These payment processors charge a percent of your total tax bill.

The least expensive is Pay 1040, which charges 1.87% for credit card payments, (and a flat fee of $2.59 for debit card payments).

A $5,000 tax bill would total:

  • $5,093.50 with a credit card ($5,000 x 1.87% = $93.50)
  • $5,002.59 with a debit card ($5,000 + $2.59 flat fee)

Note:  You will NOT be charged cash advance fees when you pay with a credit card.  The FAQ’s for all payment processors say:

Your tax payment will be treated like a retail purchase and not a cash advance. 

Some other companies:


Credit Card Joint thinks this is a great idea if 2 things are kept in mind.

1) You have a credit card that gets you more then 1.87%. Namely a Citi Double Cash, Fidelity 2% credit card among others.

2) You have no other way of Meeting the Spending Threshold.

Meeting Minimum Spending Requirements

We spoke about that in a Three part series HERE, HERE, and HERE. Paying taxes with a credit card can make sense if you have a minimum spending requirement to meet on a card within a certain time period. Although you may be losing out some money on the 1.87% charge, in the long term you will gain the 50k or 35k in bonus points worth more then the charge.

And don’t forget to follow us on Twitter to be entered into our $50 Giveaway!

In Summary

Paying Taxes with a credit card can be a great option for some.

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Flint Offers $3750 in Free Manufactured Spend In 30 Days

Flint is a new mobile payment app. You can download the Flint app for iPhone or Android here. Many people have experience was positive overall way it works. The bottom line is a $3750 in manufactured spending.

Flint Landing Page On The Mobile App

  • Once you set up your account and get it verified you can run 1 charge a week  for $750 by taking a picture of the credit card (SCAN) .
  • The first 5 transactions are free
  • You are limited to $750 per transaction
  • The free transactions expire after 30 days

Flint Scanner

The maximum Manufactured Spend value you can get with this method is $3,750. At 2% (Citi Double Cash) you will net $75. Keeping in mind the 1099, I will pass on this offer.

Note: Folk report that Flint will 1099 you on the swipes you make on the card. Any potential earnings may be eaten up by the losses offset by the 1099. Although you can claim them as fees, Cost of goods or a myriad of other reasons, $75 doesn’t tempt me that much.

How can you do 5 charges in 30 days?

Charge $750 on days 1, 8, 15, 22, and 29. This will allow you to maximize your rewards.

We will be passing on this deal, but a big HT: Miles remaining for pointing it out.

This is really only good if you need help to meet a spending threshold. Here is our favorite way to meet a spending threshold.

And don’t forget to follow us on Twitter to be entered into our $50 Giveaway!

In Summary

Signup for Flint for $3750 in Free Manufactured Spend.

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Get Paid To Meet A Spending Threshold!

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

  1. Relist it on eBay as an auction. This is generally not the best idea.
  2. 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.
  3. Sell it locally on craigslist. YMMV (your mileage may vary)
  4. Sell it on Amazon

Sell it on Amazon

There are 2 ways to sell on Amazon

Seller  Fulfilled

Amazon Fulfilled

What is the difference?

Seller  Fulfilled

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.

Amazon Fulfilled

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.

  1. It is covered by Amazon’s Prime Shipping service
  2. Buyers know their item will be shipped out fast
  3. 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

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Add the product you are selling. first type in the product name. Then hit “Search“. When your product shows up hit “Sell Yours

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You will be redirected to a product summary page. Choose the correct information.

Condition: New

Your Price: $700 (or whatever you choose)

Quantity: 1

Shipping Method: I want to ship this item to Amazon

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Select: “Save and Finish

You will be redirected to the FBA panel.
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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“.
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Continue to Prepare Products, and then to Label Products. Print out a label for the product or Select “Amazon Labels” it only costs $.20

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Approve shipment  then click Work On Shipment.

Next you will need to put in the Shipping weight of 1 lb.

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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?

In Summary:

Get Paid To Meet A Spending Threshold b y buying on an eBay Daily Deal and selling it on Amazon!

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Spending Threshold: Don’t Miss The Date

We all chase those lucrative signup offers, but remember to watch the dates! The first date you need to watch is the billing cycle, many times the first cycle is a shorter one. Remember to pay off the entire credit card on time. One late payment or interest charge takes away from the money you can be making.

Secondly, remember to meet the spending threshold before it is to late. The 90 days start from your application date. If you don’t spend the required amount by then, you won’t get any points. Additionally, you may not be eligible to get the same card in the future. Amex has been enforcing a 1 year policy.

The last date to watch is the expiration date. We tend to close the card and leave the miles in the account for our upcoming trip. As this author writes this he remembers he has an account of 50k Delta sitting around! Most miles expire. Here are some tips to avoid that.

1) Make a spreadsheet. Write the card name, date applied, points in account and date closed card. The usual expiration date is 18 months of no activity.

2) Keep activity in your account. Shop using an online shopping portal that tops up your account. Donate 15 miles to charity (works with AA and SPG) or even ask the rep for a goodwill gesture!

3) Book vacations, there is nothing better then actually using your points!


In Summary:

Meet the spend requirement within 90 days of applying. Always pay your credit card bills in full. Don’t let your miles expire.



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Gift cards

Spending Threshold Stopping You From Applying For a New Credit Card? Buy Gift Cards!

Meeting  your spending threshold is the biggest factor to consider before applying for a new credit card. (Obviously this is after you are certain that your credit is good like we spoke about here.) But will you be able to meet that spending requirement of $20k on the FatPlat (100k American Express Platinum card)? If you can’t you may be tempted not to sign up for the card, and you are right. Well almost. There are plenty manufactured spend methods out there for you to help you reach  a spending threshold (and make additional money).


Buying Gift Cards

Most people that buy gift cards think of the visa gift cards that you can buy at most stores that have an activation fee of $5.95 or so. But they justify the fees by the illicit and unethical gains from the store. For example Staples that is giving 5X on the Ink Bold credit card and you use it to buy $200 Visa Gift Cards. There is a simpler and more acceptable method on buying gift cards. Buying discounted gift cards on Raise.com.

Look at this sample card I pulled from the main page. A very common retailer, T.J. Maxx (btw read this too) offers a 17% discount on purchases.
Save 17% on TJ maxx

As you can see a $300 gift card sells for only $249, huge savings. besides for the 17% off and the credit card points that you will gain, there is also the spending threshold that you are 1 step closer too.

Now, as a full disclosure we get an affiliate commission for every gift card you buy from Raise.com using our links. Your support helps us keep on bringing you the best deals.

There are a few other places that you can buy gift cards read this run down from Doctor of Credit. Here are some of them GiftCardGranny.com who shows you the best prices and, CardPoolABC Gift Cards/Card CashGiftCards.comGift Card ZenMonster Gift Card, and Junkcard.

Other topics you may enjoy:

FACO Credit Score FICO Score: What’s The Difference?

Get Paid To Meet A Spending Threshold!

Meet The Spending Threshold: Part 2

Meeting A Spending Threshold: Part 3

Refer A Friend For US Airways® Premier World MasterCard® And Earn Up To 50,000 Bonus Points

And don’t forget to follow us on Twitter to be entered into our $50 Giveaway!

In Summary

Buying gift cards is an excellent way to meet a spending threshold. Although there are ways that gift cards are a manufactured spend, buying from Raise.com can be a bigger discount.

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