Originally Posted by
MasterGeek
I may be interested to get this card for the welcome bonus (and because I hate National Bank). Where does it say that you need to spend $4000 to get the welcome bonus ?
You don't need to spend $4000 to get the welcome bonus.
But you do need to spend $4000 (I believe) to get enough additional points to be able to
use all of the welcome bonus.
You get 30,000 points for signing up.
But points (generally) must be used in 12,000 point increments.
$1 in spend = 1.5 points.
If you only spend, say, $1000, on the card, you'll have 1.5 x 1000 + 30,000 = 31,500 points, and you'll only be able to use 24,000 points = $200 value.
The remaining points go unused.
If you spend $4000 over the first year, you'll be able to use 1.5 x 4000 + 30,000 = 36,000 points = $300 value.