My small low minimum spend churn

Posted by: jason

I’ve been cutting up cards right and left as I reevaluate all the money that was heading out for annual fees. I’ve even stopped putting my normal spend on credit cards and have gone to cash / debit card instead. I know it sounds counter intuitive to pass up on all these miles, but frankly it just wasn’t working for me. Call it a lack of discipline or whatever, but dealing with cash and a debit card is helping me attack some personal debt pretty quickly and I like the results 3 months in.

I’m down to an American Express Platinum Delta card, no annual fee American Express hilton card, and some other various no fee cards. I don’t have any surprise credit card statements with huge balances anymore to pay off each month and I’m sticking to a written budget instead and it’s working great. To summarize – It’s the end of earning miles for me as we know it – and I feel fine.

With that being said, I was itching to grab a couple of cards to take part of some lucrative sign up bonuses – but the criteria is I didn’t want to have to shift any household spending to them to hit minimums. Based on that – here are three I recently applied for and received.

1) American Express Premier Rewards Gold card. 50,000 Membership rewards points for a $1,000 minimum spend within 3 months. Any easy minimum to meet via some online payment options with plenty of time. I’ve never owned this card and therefore it was a cinch to add this one.

2) US Airways Mastercard . 40,000 US Airways points after first purchase. It’s also issued from Barclays Bank and I’ve never owned a credit card from them and it was another easy approval with low minimum. Also with the impending merger of US Airway and American Airlines – I wanted to grab one quickly to bulk up the miles. I did the same prior to the Northwest / Delta merger.

3) American Airlines Visa. 50,000 points after a $2,500 spend in 4 months. It’s been years since I had an American Airlines credit card and this minimum spend is spread out enough over 4 months where I can meet the minimum via some online payment options as well.

Three cards with three low spends to bolster some of my mileage balances. A quick churn while still keeping fiscal sanity.

  • Corey said,

    I’ll be doing a similar churn soon. very easy to make spend when it’s this small =]. no pressure

  • DaninSTL said,

    It pays to be careful on the spending. You really need to track each card online and pay the purchases as you buy stuff. For example if I go get gas and to the grocery store I will later that day or the next log into my bank and make a payment to the card with the an amount of those purchases. So I make multiple payments during the month until I reach the minimum spend then I put that card away. I generally keep my daily spending on one card to manage it. Don’t buy anything you wouldn’t be able to pay for the same day from your bank account.

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