How does Credit Card Manufactured Spend work to meet Minimum Spend

Using Manufactured spending you can get that Credit Card bonus without having to Spend any money. This is a hidden loophole in the system, that still works if you know what you’re doing.

Manufactured Spending Definition
Buying an item with a credit card that can be converted to cash-like gift cards “simple”

Benefits:
Spend Requirement: You can use these methods to meet your credit card spending limit to get that bonus without buying things you don’t need.
Pay for Expenses: Imagine paying for rent or anything you usually can’t pay with a credit card; this is how you do it. Why? Because you can get points by paying for rent with this method.

Legality:
It’s a loophole but can also be considered a little “weird” but if you're just using it for reward point then you should be good. Some people use this to clean their money and that were it gets weird. (stay away from that)
Uses: Pay for things credit cards won’t let you pay for, meet the spending limit,
Be Careful: If you are liquidating hundreds of gift cards you could be put on a watch list by the police because its “weird and strange behaviour” but if your doing it for points then your good to go.

Methods
Bank Funding: Sometimes the first time you create a bank account they let you fund it for the first time with a credit card
Amazon Payments: Don’t work anymore ☹
Gift Card Reloading: Buying gift Cards and using them to reload a prepaid card and get the cash equivalent

Instructions
Cycle Story: Credit Card  Prepaid American Express Serve Card (to load the money)  Buy visa debit Gift card or Mastercard ($250-$500) with your *credit card*  Go to Walmart or one of the reloading locations  Give them your Serve card and ask to reload it and reload it with your Visa or Master card Debit Card  Once the money is the serve card BOOM, you can transfer it to your Bank for cash or pay your Credit Card Directly ( I would Take the Cash out and wait 2-5 days then put it back and pay the credit card or until the date is due)

Banks have tried to Cover the loophole
5/24 rule: example chase doesn’t let your signup for more than 5 credit cards in a 2 years period to prevent you from taking all does bonus rewards.
Retailers: some retailers only accept cash or debit when buying these gift cards, so make sure you're buying it at the right place.
Cash Advance: if the specific credit card considers it a cash advance it may be a problem since you won’t get any points for it. So I recommend, asking the credit card “ hey during Christmas I buy gift cards for my kids is it cool if I pay with my credit card” 😊

Precautions and Disclosure
Some Walmart’s: and other retailers may not accept a debit card as the reloading format, just go try somewhere else. (no policy on this but they get weird about it)
Story: once I was doing this at a Family Dollars and 2/5 stores said no, but the other ones said yes. My story was my mom got me these debit cards, but I rather load unto here to get the cash back. DO NOT USE THE WORD GIFT CARD… it just sounds weird
Set: remember to set up a pin and make sure everything is set perfectly
Credit Score: won't impact you as long as you’re paying everything on time. But If you don’t your credit utilization will go up and that will cost your credit score to go down.
Closed accounts: If they think your doing something weird they might close the account, but if you explain your buying gift cards for your kids and aren’t buying 90k worth every dday you should be good to go. (good amount is maybe 500-1000 a month or whatever helps you hit that Spend Requirement) Be careful having accounts close impact your credit, don’t do this if your buying a house, do it after you close.

My thoughts
Is it worth it? To me its worth it but it is a risk and the risk is your credit score might be impacted if you overdo it. What I would do is probably carry a small balance for the 90 day period to give the idea that I’m a good borrower and don’t know what I’m doing. And then once the 90 day period is overpay my balance at the end of the month in full.
Key Questions Answered

1. What is Manufactured Spending?

2. Why it’s a substantial loophole?

3. How to take advantage of it?

*Pro Tip*
Information is key

Link: https://www.studentdebtrelief.us/debt-credit/manufactured-spending-illegal-or-just-great-spending-hack/
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