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Double Dip

August 21st, 2012 at 06:56 am

I decided to double dip the Chase Sapphire Card. My Money Blog had a good offer today. The reward will be $400. I am sure I could wait for a $500 reward, but this should be an *easy* one!

Spend $2k in 3 months, for $400.

Will try to get this card by the first. If I can pay this month's health insurance, next month's health insurance, and the car insurance, it will be DONE! So, that is why it's an easy one. I can hit the $2k spending limit the day I get the card. This month's insurance is due the first, and it doesn't really matter when I pay next month's - I usually pay it sometime during the month so the credit card payment is due the following month. Car insurance is due around the 4th. It is cutting it tight so if I don't get the card by the 1st, will just have to wait another month to redeem or find something else to charge.

I was going to just apply for dh too. I could get my reward immediately and we could use his card for gas and groceries, etc. for a couple of months, but he literally just redeemed this one - I figured not to bother. HE just applied for and closed 3 credit cards, so probably best to let his FICO rest a bit. Double dipping might work after a year - probably not after just one month. Wink (Fine print basically says "no double dipping," so it's a crap shoot either way. But I think if I closed the card a year ago, then I have a better chance).

We'd probably use this money for Florida - the timing is good. This would give us a *lot* more wiggle room on the eating out there, and the car rental, and probably ensures we won't have to touch savings for any of the trip. Big Grin

4 Responses to “Double Dip”

  1. creditcardfree Says:

    I saw that offer too. It would be nice to get such a nice reward for spending that much...like a 20% discount on the purchases you were making anyway. As always, I need to discuss with DH!!

  2. ceejay74 Says:

    That's a good deal. Once we're close to reserving our UK plane tickets, I'll see if it's still around. We could easily surpass the required spending in one transaction!

  3. patientsaver Says:

    I also saw that offer and hope to tackle it before the year is through.

  4. Looking Forward Says:

    Fingers crossed for you!

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