As we struggle to find new ways to meet our minimum spends on new credit card sign-ups, “Bikeguy” may have come up with an answer that can help all of us and those less fortunate than us at the same time.
Kiva.org grants interest-free micro loans to entrepreneurs in developing countries. If you need to reach a minimum of $1000 on a given card, consider lending that much or part of your minimum spend to those in need through Kiva.org. Your money will be returned to you over time when the entrepreneur you help is able to repay it. You will receive no interest and there is some risk of non payment, although all of my Kiva loans have been repaid in full. Loans can be for as little as $25.
Kiva will accept your credit card to fund your personal lending account and the transaction will be treated as a purchase.
This method will not work if you need to repay your card with the same funds before the balance is due on your next card statement. I know some of you are in that position, but many of you could cover at least part of your required minimum spend this way, couldn’t you?
Both Flyertalk and Milepoint have Kiva lending teams you can join by targeting your loans to the team of your choice.
I hope you will check out Kiva.org and the respective threads on FT and MP. We can make a difference in the countries we visit and the lives of those struggling to improve their circumstances through their small businesses. Imagine the difference we could make if we turned just 10% of our minimum spend into Kiva loans.
Speaking of Lower Minimum Spends…
Credit to “lowtek” on SlickDeals: New targeted offers for Chase Sapphire with promo code “GX1″ and an invitation number. I just received my card in the mail today when I signed up under the $3K/3 month promo for 50k. I called to activate and informed the rep that a friend received an offer today with the GX1 code that only required $750 spend in three months to get the 50k points. She sent a note to marketing to put this offer on my account and then activated my card with this new promo. She stated I would receive a snail-mail confirmation of this in 7-10 business days. So, if anyone has applied recently and not received the card, they should be able to activate it under this new promo with offer code GX1.
– Ryan L. (posting as: MrRedskin)
To All: Please report your successes in the comments section for others to see.
Free GoGo in August
Rick – from Slickdeals in case you have not seen:
Free GoGo in-flight wi-fi Internet for August with coupon on American Airlines, Delta, United, US Airways etc. Use code DIETCOKEGOGO . Valid during entire August 2011.
Connect to GoGo in-flight. Buy a $12.95 or lower plan (usually the 24 hour pass). Enter DIETCOKEGOGO at checkout. Price: Free.
Thanks, Nick, for saving everybody $12.95. You and Ryan are our Frugal Travel Guys of the Day.
Rick Ingersoll is one of the world’s experts on frugal travel and flying free and the author of The Frugal Travel Guy Handbook. A retired mortgage banker from Traverse City, Michigan, he has retired to Hilton Head Island,... All Articles
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Citi Prestige® Card
- Annual Fee: $450 fee
- Foreign Fees: No
- Card Type: Bank
The increase to 50,000 ThankYou points for the Citi Prestige card may be a signal that Citi wants back in the game, big time. The sign-up bonus has just been increased to 50K points from the previous 30K offer. An added benefit is a $250 annual air travel credit each calendar year -- so, if you sign up in April, you'll receive the credit this year, and again in January of next year -- which more than covers the $450 first year fee. When you add in lounge access for you and up to two of your guests, you’ve added another $400+ in value. One more benefit worth mentioning is the fourth night free for any four-night hotel stay booked through Wagonlit Travel. And lastly is the $100 statement credit when you sign up for Global Entry and pay for it using the Prestige card. Don’t forget the ever-growing number of airline transfer partners that work with the ThankYou points program.
- $250 Air Travel Credit each year
- Complimentary 4th Night for any hotel stay
- Earn 50,000 bonus ThankYou® Points after $3,000 in purchases made with your card in the first 3 months the account is open.
- Points are redeemable for an $800 flight on American Airlines or US Airways®, a $665 flight on any other airline or $500 in gift cards.
- Transfer points to a variety of travel loyalty programs from airlines to hotels.
- Earn 3x points on Air Travel and Hotels
- Earn 2x points on Dining at Restaurants and Entertainment
- 1 ThankYou® Point per $1 spent on other purchases
Air Travel Purchases
Food & Dining Purchases