Big Purchases and ExpensesBig purchases or expenses such as a new TV, home improvement project, or large medical expense are an excellent opportunity to meet minimum spend. These expenses usually only earn 1x on most cards, so you might as well charge it to a brand new credit card and maximize your earning. Next time you have a big expense coming up, consider applying for a new card in advance. For home improvement projects, remember that a lot of contractors accept credit cards, even if they don’t advertise it. Make sure to check if they charge any fees for using a card. Even if they do charge a fee, it might be worth paying it since you can get outsized value from using your points and miles. One last tip for big purchases: a lot of car dealerships will accept credit cards for a portion of the payment.
Prepay Utilities and Other BillsMany utilities and other service providers allow you to pay more than what you owe at any given time. If you are a few hundred dollars short of meeting minimum spend, consider prepaying some of your utilities or your cell phone bill. Some insurance providers also allow prepayment, so consider looking into prepaying your car, renter’s, or homeowner’s insurance to meet your minimum spend.
Tuition and ChildcareMany schools, childcare centers, and colleges accept credit card payments. Some charge a fee, but others may not. Like with the other options in this post, analyze the numbers to make sure the benefit outweighs the fee. For a big sign-up bonus, it likely could be worth it.
PlastiqBill payment services, such as Plastiq, allow you to use your credit card to pay bills that normally do not allow payment via credit card. Plastiq allows you to use a credit card to pay student loans, rent, car payments, mortgage payments (Mastercard only), and many others. Plastiq charges a 2.9% fee. In the past, they occasionally had specials that bring the fee down as low as 1.0%. Visa and Mastercard have few restrictions on Plastiq (Visa typically does not allow mortgage payments). Unfortunately, Plastiq no longer accepts Amex cards as of February 10, 2023. If you’ve never used Plastiq, sign up with our referral code: 572916.
Pay Your TaxesYou can pay your federal taxes online for a small fee. Three official websites accept credit cards for your federal tax bill:
- www.payusatax.com accepts Amex, Discover, Mastercard, and Visa for a fee of 1.85%.
- www.pay1040.com accepts Amex, Discover, Mastercard ,and Visa for a fee of 1.87%.
- fed.acipayonline.com accepts Amex, Discover, Mastercard, and Visa for a fee of 1.98%.