Ways To Meet Minimum Debit & Credit Transaction Requirements

It seems like account issuers are pumping out bank accounts with sign-up bonuses and attractive APY interest left and right, however, there is a catch that I’m sure most of you are familiar with. You must be able to have a certain amount of debit card transactions to be eligible for the sign-up bonus. Below is some of the ways we believe would help maximize your savings and returns with some of the best options towards meeting these requirements without having to go overboard with unnecessary spending.

Editor’s Note: Integrate your personal standards and ethics towards making a decision on whether or not to use a particular method or not.

For Debit Cards:

• Circle Pay: Essentially a website/app geared towards providing user-convenient means of sending money to other users. You can link a bank acount, debit card, etc to your account and send/withdraw cash from there and Circle doesn’t charge any fees for these payments.
  • Minimum is $0.25
  • They currently have a Referral program where if you utilize a referral link and transfer $25, you’ll earn $10 and your referral will as well.
• Square Cash: Cash-Transfer app with a twist. Money transferred will go directly into your bank account. Free for a debit card but 3% interest charged for credit card.
  • Minimum is $1.00
  • They currently have a Referral promotion where if you utilize a referral link and transfer $50, you’ll earn $20 and your referral will as well.
• Amazon Gift Cards: You will be able to purchase gift cards at only $0.50 with the capability of amounting up to $2,000 per transaction. This is one of the more easier ways to meet your debit card transactions.
  • Keep in mind that if you do too many in a short interval of time, you could risk your Amazon.com account and get yourself a not-so-attractive ban.
• Chime Card: This is a prepaid/reloadable VISA debit card, similar to the Serve franchise from American Express. You will have the ability to add funds to this card with frequent offers from different merchants that rotate monthly. This card offers possibly one of the more easier ways and most cost effective when it comes to meeting minimum debit card requirements. Great option if you intend to fully use the card
  • Minimum reload is $25
• Donate To Charity: The majority of charities out there do accept donations as low as $1 when donating with your debit card, so essentially, you’ll be meeting your minimum spending while taking care of your community.
• A lot of charities accept donations as low as $1 when donating via debit card. This is because the fees associated with debit cards are smaller than those associated with credit cards and in some cases these charities have special agreements with the processors.
• Pay At the Pump: Essentially, you will be paying for your gas in small increments that trigger the debit card transaction minimum until you have met your requirement.
• Self Check-Out At Your Local SuperMarket: Utilizing self check out lanes at your local supermarket will give you the ability to put through one item at a time which essentially will be able to help you meet your minimum purchase requirement insanely quick at just one stop. I do not urge you to do such a thing whenever it’s busy and there’s a line stretching throughout the supermarket behind you.

Conclusion:

Needing to make that minimum for your sign-up bonus or even special interest offer on your new bank account? It’s understandable, which is why it’s completely necessary to come through with a list of what we believe to be the most optimal methods for you to get more out of your spending and reward yourself through such efforts. Integrate your own personal standards and ethics towards making a decision on whether or not to use a particular method or not. Let’s face it, it’s your hard-earned money that we’re talking about and you want to reap the most rewards as possible, so why not give our list a gander and if there is something you’d like to add to our list, we’re all ears. Again, it’s most appreciated!Also be sure to check out our Best Bank Deals section for any and all of your bank account necessities!