Glossary · Routing
Sign-Up Bonus Spend Requirement
A minimum spend requirement is the amount you must charge to a new card within a set window to earn its sign-up bonus — e.g. $4,000 in the first three months.
Sign-up bonuses are usually worth far more than ongoing category earn, so it often pays to concentrate spend on a new card to clear an open requirement.
Pikt factors your sign-up bonus progress into routing, so eligible spend can be steered toward a card with an open requirement when that earns you the most overall.
Related terms
- Card Velocity — Card velocity is the pace at which you open new credit cards over a rolling window, which issuers use to approve or deny applications (for example, Chase's 5/24 rule).
- Reward Routing — Reward routing is the practice of automatically selecting, at the moment of purchase, the credit card in your wallet that earns the most value on that specific merchant and category.
- Category Multiplier — A category multiplier is the rate at which a card earns rewards in a given spending category — e.g. 4× points on dining or 6% back at U.S. supermarkets.