3 Smart Ways To Meet Your Credit Card’s Minimum Spending When You Are In Debt

by Finance Published on: 23 August 2022 Last Updated on: 24 August 2022

Minimum Spending

If you’ve ever looked around for a new credit card, you know there are all kinds of ways the companies can try to entice you to sign up with them.

For instance, they might offer you a bonus, such as a bunch of points you can exchange for hotel stays and other travel perks. However, in order to get that bonus, you have to spend a minimum amount during a designated period.

If you’re in debt, spending the designated amount might be a bit of a challenge. We’ll talk about a few practical ways to achieve the minimum spending goal for your new card in the following article.

1. Use installment loans

If you’re trying to improve your credit score, one of the smartest things you can do is use the best installment loan to meet your credit card’s minimum spending requirements.

installment loans

Installment loans are a type of loan that is repaid in equal monthly payments over a set period of time. By using an installment loan to pay your minimum spend, you’ll be able to improve your credit score by demonstrating your ability to make on-time payments.

Additionally, installment loans can help you pay down your debt more quickly, which will save you money in the long run. If you’re looking for a smart way to meet your credit card’s minimum spend, consider using an installment loan.

2. Your Family Can Help

If you’re in debt, you can always turn to various debt consolidation methods to help you get out from under it. In the meantime, ways still exist that will allow you to spend the minimum amount on your new credit card and get the signup bonus that the company offered you.

Your Family

One way to go is to ask your family to charge some items or services by using your card. You’ll need to add them as authorized users on the card.

Maybe they have some significant expenditures they can put on there. They might use your card to pay for some groceries, new electronics, clothing, or any other major expense that can be helpful to you.

Just be sure that you only do this with family members you trust and with whom you have a good relationship. You’re choosing to believe that they have the cash to give you to cover what they’re buying with your card.

3. Prepay Expenses

You can also use your new card to prepay your monthly expenses, like your cable or internet bill. You might use it to pay for your electric bill, trash bill, gas, or water.


If you’re a student, you can use the card to prepay for your tuition. If all of that isn’t adding up to enough money you’re spending on the new card, you might also use it to fund your Amazon wallet, buy a gas gift card, or load your EZ pass account if you go through tolls a lot.

Bonus Way

4. Income Taxes

You should know that the IRS has partnered with three different credit card companies to let you pay your income taxes that way.

If you have a significant tax burden when tax time rolls around, check the IRS website. If you find that your credit card is one of the ones that they will accept, you can pay your taxes with it.

Nobody likes paying taxes, but in this case, doing so will get you closer to your credit card’s minimum spending goal.

Meeting the Minimum Spending Goal is Possible:

You can still usually take on a new credit card and spend the minimum amount to get the signup bonus if you’re in debt. However, you can pay your income taxes if your card is one of the ones that the IRS accepts. You can ask any family members with whom you have a good relationship to use your card to make some purchases.

In addition, you can also prepay for expenses using the card. You can do that for things like your college tuition, gas bill, electric bill, internet bill, and so forth. You can also buy a gas gift card or fund your Amazon wallet.

Choosing a new credit card and enjoying the signup bonus when you are in debt is something you can probably figure out how to do if you’re a little creative and monitor your spending carefully.


Sumona is a persona, having a colossal interest in writing blogs and other jones of calligraphies. In terms of her professional commitments, she carries out sharing sentient blogs by maintaining top-to-toe SEO aspects. Follow more of her contributions at SmartBusinessDaily and FollowtheFashion

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