- Apr 27, 2015
Generally happy to stay away from CC's but looking at this. So it's get card, spend 2.5k in first week, collect 70k QFF points, cancel card? And do people just "pay" the 2.5k to another bank account to meet requirement?
No, you can't transfer money from a CC to a bank account without incurring a Cash Advance fee, which would make the transaction ineligible for the bonus points anyway.
We generally meet the minimum spend by making everyday transactions. Easy to drop $2.5k on groceries, fuel and other bills over 90 days. If you want to make the spend faster, just find a bigger expense.
Gift cards are another option, if you're stuck trying to meet the spend. A couple of $100 Coles/Myer cards are an easy way to shift the $$ into another place where you can spend it later.
Otherwise, there are several online payment portals that you can use to make transactions that would otherwise be ineligible for the bonus points.