Two months ago, I opened a Chase Sapphire Preferred Credit Card for the 50,000 point sign-up bonus. This is roughly equal to $500 in gift cards and other sweet rewards such as hotel stays or air travel. To get the bonus, I need to spend $4,000 by May 8, exactly three months after account opening. I’ve spent $2,675.97 to date.
To boost my spending without actually spending more, I did a few things:
- Added my girlfriend as an authorized user;
- Prepaid three months’ worth of internet bills and renters insurance; and
- Bought and applied a $100 Netflix gift card to my Netflix account.
With one month left and $1,324.03 outstanding, it’ll be a challenge to meet the minimum spend. However, I still have a few tricks left up my sleeve. I could add more money onto my subway card and buy cat food in advance. I could also buy VISA and AMEX gift cards for a small additional fee. In the end, I’ll probably reload my Amazon Gift Card balance at no fee and take advantage of a $5 promotional credit (available to select members for reloads of $100 or more).
What will we do with the points? Most likely use them to stay at a fancy hotel on our next trip.
Update: Check out Part 2 to see how we completed the $4,000 requirement!