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Rising Star
Overpay taxes, pay for a group and get reimbursed, pre-pay insurance...
You shouldn't get the card if you can't think of how to spend $20k. Wait until a large expense comes up.
Buy a watch
Maybe do this before signing up for a card with a $695 annual fee?
Take everyone you know out to eat at a nice steakhouse
Prepay phone bill, property tax, homeowners and car insurance for the year.
Community Builder
Bought this coin for $30k but at last minute they refused to accept the CC. So now I have to figure out another way.
Rising Star
There are certain bank accounts you can open where you can make an initial deposit online using cc. Some have small limits, some allow upto 15K. 😉
Community Builder
Which one?
Rising Star
Also depending on your situation, you can pay estimated taxes! It is relatively cheap!
Google "manufactured spend".
Idea: Buy some fully refundable first class airline tickets. You can cancel them later once you've hit the spend threshold after buying other things. Double check if this work for amex.
Community Builder
Yes- they will claw it back at any time the card is open
Community Builder
Any other suggestion guys?
Pro
I unfortunately don’t think it’s the right card for you at this moment if you still need additional suggestions. I would wait until a later point in life where you have larger bills and higher spending activity.