Manufactured Mondays: Fund Banking Accounts With A Credit Card

Whenever possible on Mondays we like to run Manufactured Mondays, where we tell you about a new or different technique to increase your credit card spend – without spending any additional money. View more posts in the series by clicking here.

[Read our in depth article on this topic]

Today’s technique is fairly simply. When you open a bank account you are sometimes given the option of doing the initial funding with a credit card. This isn’t going to give you massive way to earn credit card points & miles, but it is useful for meeting minimum spend requirements.

  1. Open a new bank account that allows credit card funding
  2. Use a credit card that doesn’t post as a cash advance
  3. Avoid the monthly fees
  4. Close your account after the early termination period is over, to avoid an early termination fee

We suggest reading our in depth guide that shows you how to avoid fees and hard pulls as well as showing you which bank accounts give you sign up bonuses.

 

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