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What’s Easiest Way To Do Minimum Spend For New Credit Card?
What is the most practical way to spend money using the Venture X card over the next 3 months?
I need to spend $4,000 to get bonus points.
Can I pay my regular bills (water, gas, electric) using Venture X?
Maybe pay my mortgage?
Any advice would be appreciated.
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6 Replies
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Vehicle insurance.
I paid mine up for the year.
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All your holiday shopping.
Property tax.
Car insurance.
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Do you have a HOA?
For many, annual dues are coming up.
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Pay all utilities, internet, cell phone, grocery, streaming, insurance, etc.
If you get to the end and are desperate to hit the minimum spend, you can use a company like Plastiq and pay your mortgage, but it will cost you 3%, which will eat into your bonus.
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As the Capital One Venture X card is a Visa it cannot be used to pay a mortgage.
But you can pay, or over/prepay, utilities and other bills to satisfy the spending requirement.
Insurance payments are a big one for many.
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Income taxes even if you won’t owe anything.
Get it back after you file.
You can pre-pay any amount to federal tax.
Go to the IRS site for info.
You will have to go through one of several services to do so.
They will charge something like 1-2% so this is usually only worthwhile if looking for the sign up bonus.
When you file your fed taxes you will have overpaid and get the refund.
The good thing is that the refund comes back to you directly and is not credited to the card you used.
At least that was the way it worked a couple of years ago.
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