Whether you need to meet minimum spend requirements for large credit card signup bonuses, or you want to collect a big-spend bonus, or you simply want to earn additional credit card rewards, you may be interested in techniques for increasing credit card spend. And, if you’re lazy, like me, you may be most interested in options for increasing spend from home. Here goes…
- Fund a new bank account: Many banks allow you to fund new bank accounts with a credit card. Read this Doctor of Credit post for details showing which banks allow this and how to avoid cash advance fees.
- Contribute to Kiva loans: You won’t earn a profit (except from credit card rewards), but you could potentially do some good by helping to fund microloans. Read more here: Kiva: loans, points, and miles.
- Invest in Kickfurther offers: Kickfurther is a platform that lets companies seek funding from the Kickfurther community by offering a return on investment (such as 8% profit in 10 months, for example). The best part? You can fund these offers with a credit card. Unfortunately, there are real risks as well. Please see this Kickfurther Review for full details.
- Pay US estimated taxes: If you don’t mind giving the US government a loan, you can use a credit card to pay your year-end and/or quarterly estimated taxes. Fees start at 1.89%. For full details, please see: Top 5 reasons to pay federal taxes with a credit card or gift card.
- Buy / sell merchandise: There’s a steep learning curve for doing this right, but there’s also an almost unlimited potential for increasing credit card spend and earning profits. See: Increasing spend through reselling.
- Buy / sell merchant gift cards: Buy merchant gift cards at a discount, then resell them. For details and cautions, please see: The art of gift card churning in 2016.
- Pay bills w/ Plastiq: If you have large bills that can’t usually be paid with a credit card (e.g. mortgage, rent, car payments, professional services, etc.), then one option is to pay those bills with the Plastiq bill payment service. Current fees are 2% for MasterCard payments, and 2.5% for Visa or American Express. Make sure the rewards you earn outweigh those fees! See: Complete guide to Plastiq credit card payments.
- Buy Visa/MC online and then pay bills online or via phone: It is sometimes possible to buy Visa or MasterCard gift cards online with little or no net fee (or to earn a nice category bonus). Then, you may be able to use those gift cards for bill payments where debit cards are accepted, but credit cards are not. For example, you may be able to use gift cards to pay rent with RadPad, or to pay taxes for a small fee. To learn the best ways to buy Visa and MasterCard gift cards, please see: Best options for buying Visa and MasterCard gift cards.
- Fantasy Sports Leagues: If you like the idea of sports gambling, read this Travel Summary post: A New Way to Manufacture Spend: Daily Fantasy Sports Leagues. I haven’t tried it. I’m not interested, but I expect many readers may be. Please take Travel Summary’s caution seriously: “If you have a gambling problem, stop reading this post and call 1-800-522-4700.” Note too that the Travel Summary post is pretty old. I’m not sure how many of the details are still true today.