The Chase Sapphire Preferred Card: Meeting that Minimum Spend (Part 1)

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:

  1. Added my girlfriend as an authorized user;
  2. Prepaid three months’ worth of internet bills and renters insurance; and
  3. 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!




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