How to Meet Minimum Spending Requirements for Credit Cards - Amazon Payments

For many people wanting to apply for several rewards credit cards at one time, the primary barrier is the inability to meet minimum spending requirements. Most rewards credit cards have a minimum spending requirement that must be met within the first 90 days of account approval.

As a result of not being able to meet minimum spending requirements, a person will not apply for a credit card or will only sign up for one or two credit cards at a time so that they can meet the minimum spending requirement with there every day credit card spending.

In comes manufactured spending! Manufactured spending is the term used to describe spending money on credit cards without really spending money, or purchasing cash equivalents with a credit card for the purpose of earning points, then liquidating to cash as quickly as possible.

Earlier this year I signed up for three new credit cards and my fiance signed up for two credit cards for a total of five credit cards. These are the five credit cards we signed up for:

1  Citi Executive Aadvantage World Elite MasterCard - $10,000 in 3 months
2  CitiBusiness Aadvantage World MasterCard  $3,000 in 3 months X 2
2  Chase British Airways World Elite MasterCard   $2,000 in 3 months X 2

This comes up to a minimum spending of $20,000 in 3 months. I have no where near $20,000 in regular credit card spending in 3 months. My average regular credit card spending is closer to $1,000 per month.

I use manufactured spending techniques on a regular basis. Over the next few posts I am going to describe in detail my most used methods of manufactured spending. There are many other methods of manufactured spending with different prepaid cards and other financial instruments. In my posts,  I am only going to talk about the manufactured spending techniques that I am currently using and I know work for me.

Amazon Payments

This is the lowest lying fruit. Sign up for Amazon Payments and you can send up to $1,000 per month to anyone else who has Amazon Payments. I do this every month and generate an easy $1,000 in manufactured spending. The best part is there are no fees for doing this. Many other types of minimum spending that do result in fees over 1%. This is a great way to create no fee manufactured spending. If only you could transfer more per month!

After you sign up, you will need to link a bank account so that you can withdraw your funds to after they are transferred from another user. To avoid your account getting too much attention, send a maximum of $500 per payment and make sure to select "goods & services" as the reason for the payment. Once you get set up with Amazon Payments it is an easy process to add a bank account and transfer the funds into your bank account.

This works great for a couple. One person transfers $1,000 per month in two $500 transactions to the other person. Do not transfer both ways as this will look suspicious and could lead to getting your account shut down.

Doing $1,000 per month is an easy way to generate $3,000 in 90 days of manufactured spending for absolutely no fees. Some people get more creative and do a four person transfer. Person 1 transfers $1,000 to Person 2 who transfers to Person 3 who transfers to Person 4 who the transfers back to Person 1. If you can work together with a couple or a whole family this is an easy way to manufacture $4,000 per month at $1,000 per person. Make sure to use a credit card with your name on it to make the payment. Do not use a credit card with your significant other's name on it to pay from your account.

Note: Before you are able to transfer the full $1,000 per month (this is a rolling 30 day not the calendar month) you will need to verify you bank account with trial deposits.

Follow along over the next few days and I will post other methods of manufactured spending to meet minimum spend requirements on credit cards.