I am financially conservative. I know that sounds funny coming from someone who gets and uses credit cards and gets 10-20 cards each year but there is the issue of spend. In my “Rookie” tab I plainly state you “DO NOT buy things you do not NEED”. So how can I do this and meet my goal to get to $60,000 in spend on my Delta AMEX Reserve card to get 30,000 bonus RDM’s & MQM’s for the year. The answer is simple but will require dipping into savings for a few months.
We all have monthly bills like our phone, cable, gas, electric, food, etc etc. Have you ever thought about prepaying for a 3-6 months these bills? Now keep in mind I am giving up some points as using other cards WILL earn me more points but short term I value my MQM’s more than the points I am giving up. Not only that, there are some small fee’s I will pay to pay some of these bills with a credit card. Check out what I have done as I still need to spend $10,000 by year end.
$500 – My cell bill. I paid it and prepaid $500 more.
$500 – My Comcast bill. I paid it and prepaid $500 more.
$400 – I prepaid my USAA car insurance for the term
$100 – Forever stamps are going up soon so got 2oo+ of them
$1000 – Walmart gift cards that I will use to shop at Sams Club that does not take AMEX
$1000 – Martin’s grocery store gift cards where I shop for food
$3000 – AMEX gift card (just buying myself time will use for gas & other stuff)
$6500 – is my grand total so far.
My gas and electric companies don’t take AMEX and the fees to buy VISA & MC gift cards are too high (my local Officemax ended my fun of buying them with OfficeMax gift cards). There are other things I may send some money to. Ebay will let me pre-pay and I do sell stuff for about $50-100 in fee’s each month. I could also buy a gas card but I already have my $3000 AMEX gift card for that. I already pay my homeowners insurance with my AMEX card in full so that one is done (I use Ameriprise as they are the cheapest and take AMEX).
There are some words of caution with this. The biggest is only do this if you have some savings you can tap. YOU DO NOT WANT TO CARRY A BALANCE on your credit card. Just not ever worth it. Next, if you plan to later say buy an iPad or TV with a AMEX gift card – DON’T. If you do buy these things with the DELTA AMEX you will in most cases get an extra year warranty from AMEX that you will not if you pay with a gift card. Also you will miss out on some interest from taking money from savings to cover these prepaid bills but since my budget will be much smaller for the next few months it will be simple to put funds back. Again, worth it to me for the points I will get.
Notice all of these things are for normal bills that I must pay and I am just paying them early so I am not just spending on things I do not need. I am still looking for more creative ideas so would love your input on what you do to meet your spend. Let’s do this today. Give me a suggestion that we can use and I will give one of you a $50 Mariott gift card. Note the T&C of this one will be HARD so please READ this. I will DQ (disqualify) you for breaking any of the rules. The rules are this:
- You must give a suggestion we can all use
- You may NOT comment just buying a TV or a Computer etc.
- The idea must be for things we normally pay for that we can pay with AMEX card (buying Visa & MC gift don’t count)!
- You can not use the ideas I have already posted above.
- Since I am looking for real payments, Amazon payments etc don’t count.
- If two people comment the same idea (like buy a gas card – the one who comments first counts).
- Anything with fees must not be more the 1% MAX total
- You may comment more than once if you you have more than one idea for us.
- I am the judge of this and my decisions are final.
- I will then use Random.org to pick from the approved list a $50 Marriott gift card!
- The drawing time will be tomorrow at
6:PM. EDIT: 10:PM
There you are. I want NEW and outside the box ideas we can use. I want this post to be one we can save an look back to with good ideas. So get to work and comment on the blog below! – René