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How to a Earn Credit Card Welcome Bonus Responsibly

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Credit card welcome bonusesThey are an excellent way to quickly bolster your points, milesOr rewards’ balances. Most welcome offers include a requirement to spend a particular amount in a set amount of time.

Spending that much cash quickly can seem overwhelming, but it is easy to do with just a bit of planning.

SelectThis article examines all the ways in which you can receive a significant credit card bonus.

You can earn a welcome bonus on your credit card without spending too much

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It can be used on any purchase

You may find one to three small purchases every day. It does not matter whether it’s small or large. cup of coffeeOr filling up your gas tankEvery purchase you make can help get closer towards the card bonus.

Although these small purchases may seem insignificant, the cumulative effect can be significant. It is best to remove all cards from your wallet and work toward the limit. You might also consider using it as a payment option. recurring subscriptions.

To find out if your home and auto insurance covers you for the future, contact them.

Numerous insurers offer the option to pay your premium early and, in some cases, you may even receive a reduced rate.

This can help you get closer to the welcome bonus if your funds are available to pay your premiums before they expire.

Your rent and mortgage payments

Although it may sound odd to pay your housing bills with a creditcard, there are simple ways you can do so.

If you’re a renterAsk your landlord if they will accept credit card payments. They may charge a surcharge of 2-3% if they accept credit cards. If you’re eligible for a special welcome offer it might be worthwhile to pay the surcharge.

You might consider a credit card bill payment service if your mortgage is attached to your home. Plastiq. A 2.85% charge will be charged by the company to issue a check and charge your credit cards.

Family and friends can be a great source of assistance

Ask family and friends who are trusted to pay for large future expenses if you don’t mind them paying by your credit card. authorized user card.

If you are a trusted friend who’s buying a new car, for example iPhoneYou could also pay them for the phone, and they would reimburse you with a check, cash, or an affidavit. payment appSimilar to Venmo, ZelleOr PayPal.

Be responsible for your taxes

You have several options to pay your taxes with a credit card. If you owe significant amounts, it is not a good idea to use a credit card. 0% intro APR card.

To pay taxes, there are several servicers that you can choose from. PayUSATax currently has the lowest fee at 1.96% for processing payment via credit card. These are the options available. here.

In the case of my 2021 tax returns, an amount that I couldn’t afford upfront was owed to me. I therefore paid my taxes with the Capital One SavorOne Cash Rewards Credit Card as the card offers 0% introductory APR for the first 15 months that your account is open (14.99% – 24.99% variable after that). I did pay the fee of 1.96%, however, $200 was offered to me as a welcome gift for spending at least $500 within the first three month of my card membership.

As I make payments on my balance overIn the following 15 months I’ll either repay the entire balance at the expiration of the 0% APR-intro or use another credit card. balance transfer credit cardTo extend my repayment term

Daycare and school tuition

TuitionServices for daycare continue to rise in priceThere are no signs that things will slow down.However, before paying your next invoice check to make sure your school/daycare provider is accepting credit cards.

You could be charged more for credit cards if they allow you to spend beyond the limit.

In this case, you might consider using credit card bill paying services like PlastiqHowever, the 2.85% charge may prove difficult to swallow for large purchases like these.

Car down payment

If you are in the market for purchase a vehicleIf you plan on buying a vehicle from a dealership and are looking to make a down payment, the finance department can help you determine if you could use a credit card to pay the amount.

Some dealerships won’t accept credit cards payments due to this reason. chargebacksYou may not be able pay the processing fees and you might negotiate to include a payment by card.

FSA/HSA reimbursements

If you use either a Flexible Spending Account (FSA)Or Health Savings Account (HSA)You may be able to use a debit card from your doctor to help you pay for healthcare-related purchases.

The following are some of the highlights. debit cardYou can use your personal card as a credit card. Submit your receipts and then pay your credit card using the reimbursement money.

Charitable donations

You can get a simple tax deductionYou can donate your credit card to any verified nonprofit organization you select. make a donation.

Many nonprofits prefer not to receive donations by credit card because they are subject to a charge. You might want to look into bill pay services.

The best welcome packages available

Chase Sapphire Preferred® Card

  • Get Rewards

    $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases, 5X points on Lyft rides through March 2022, and 1X points on all other purchases

  • Enjoy a Welcome Bonus

    You earn 60,000 bonus point after spending $4,000 within the first 3 months following account opening

  • Annual Fee

  • Intro APR

  • The APR is regular

    Purchases and Balance Transfers: Variable from 15.99% to 22.99%

  • Transfer fee for balance

    You can choose to pay $5, or 5% depending on the transfer amount.

  • Foreign transaction fee

  • Need credit

Chase Freedom Unlimited®

  • Get Rewards

    Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year, 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on drugstore purchases and on dining (including takeout and eligible delivery services), and 1.5% cash back on all other purchases

  • Enjoy a Welcome Bonus

    You will receive $200 Cash Back after spending $500 in the first three months of your account opening

  • Annual Fee

  • Intro APR

    Buys up to 80% within the first 15 month of your account opening

  • The APR is regular

    Variable between 14.99% and 24.74% on balance transfers and purchases

  • Transfer fee for balance

    You can choose to pay $5, or 5% depending on the transfer amount.

  • Foreign transaction fee

    3% of each transaction in U.S. dollars

  • Need credit

The Platinum Card® from American Express

The American Express Secure Site

  • Get Rewards

    Get 10X points when making eligible purchases with the card in restaurants around the world and when shopping small in the U.S.

  • Enjoy a Welcome Bonus

    100,000 Membership Rewards® points after spending $6,000 within 6 months of account opening

  • Annual Fee

  • Intro APR

  • The APR is regular

  • Transfer fee for balance

  • Foreign transaction fee

  • No Credit Required

Ink Business Cash® Credit Card

  • Get Rewards

    Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%); 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%); 1% cash back on all other purchases

  • Enjoy a Welcome Bonus

    You will earn $750 in bonus cash if you make $7,500 purchases within the first 3 months following account opening

  • Annual Fee

  • Intro APR

    Purchases: 0% within the first twelve months of account opening; Balance Transfers: N/A

  • The APR is regular

    Variable: 13.24% to 19,24%

  • Transfer fee for balance

    You can choose to pay $5, or 5% depending on the transfer amount.

  • Foreign transaction fee

  • Need credit

Ink Business Unlimited® Credit Card

  • Get Rewards

    Receive 1.5% cashback on all purchases made by your company

  • Enjoy a Welcome Bonus

    After you have spent $7,500 in your first three months of account opening, $750 cashback will be earned

  • Annual Fee

  • Intro APR

    Purchases: 0% within the first twelve months of account opening; Balance Transfers: N/A

  • The APR is regular

    Variable: 13.24% to 19,24%

  • Transfer fee for balance

    You can choose to pay $5, or 5% depending on the transfer amount.

  • Foreign transaction fee

  • Need credit

The bottom line

Select provides in-depth coverage. personal financetech and toolswellness and more, follow us on FacebookInstagram and Twitter to stay up to date.

Click here to see the fees and rates for the Platinum Card by American Express here

Select has collected information about Capital One SavorOne cash rewards credit card. This information was not reviewed by or supplied by the cards’ issuer prior to publication.

Editor’s Note Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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