Best Rewards Card for extremely high monthly utilization? ($75-125k)

Quote from kweeb : Thanks for the input, guys. The problem with AMEX is that about half of my distributors ONLY take MasterCard or Visa, so AMEX and Discover are basically out of the equation. I'll definitely look into the Capital One Spark; the only problem is that it'll come with a limit unlike a charge-card. As for the Palladium card by JPM, all-in-all it looks like the standard "1% cash-back" with a ton of travel rewards, but I do not travel often.

The Capital One Spark is definitely an improvement for now. I'm sure you can convert all your credit cards to a charge card. Just pay in advance. I'd still say the better option would be to categorize your spending and maximize on the 5% cashback benefits.

I don't know what size your business is, but the best option would be to negotiate with your distributors directly. You might be getting a discount larger than 2% if you decide to pay your distributors directly with cash rather than credit card. Most of your distributors are probably getting hit by a percentage fee by the credit card processor, so dealing directly with you will benefit both parties. (Hey, the cashbacks has to come from somewhere... right?)

Right now get the Citi card that gives 5x thank you points for 6 months on ANY purchase., and use it for 6 months. Then find another card that gives 5x on all purchases for 6 months.. and repeat until you can no longer find one. That's by far your best bet.

Quote from Dr. J : preference - cash, points, miles?

My preference would 100% be cash//points that can be used for cash as I actually use the points to give myself a nice bonus at the end of each year (they are not considered taxable income).

Quote from kidroach : The Capital One Spark is definitely an improvement for now. I'm sure you can convert all your credit cards to a charge card. Just pay in advance. I'd still say the better option would be to categorize your spending and maximize on the 5% cashback benefits. I don't know what size your business is, but the best option would be to negotiate with your distributors directly. You might be getting a discount larger than 2% if you decide to pay your distributors directly with cash rather than credit card. Most of your distributors are probably getting hit by a percentage fee by the credit card processor, so dealing directly with you will benefit both parties. (Hey, the cashbacks has to come from somewhere... right?)

I suspect OP is not interested in direct discounts as it's more difficult to siphon off the benefit; perhaps OP could clarify.

Quote from kweeb : My preference would 100% be cash//points that can be used for cash as I actually use the points to give myself a nice bonus at the end of each year (they are not considered taxable income).

Also, keep in mind that the Ink Bold from Chase only reports to the SBFE. Unlike some of the other cards listed in this thread, the Bold won't have an impact on your personal FICO (it doesn't report to Transunion, Equifax or Experian, only to the Small Business Financial Exchange).

May be useful information to keep your personal DTI number down (if you have a mortgage or other debt product in the works). You could see a huge impact if you switch to having $75-125K in monthly debt actually show on personal credit pulls. Would become a big headache to "explain away" when working with a bank or other institution.

What are you dropping a million bucks on?

Quote from WildChickenDanc : What are you dropping a million bucks on?

Roughly speaking--93% Inventory, 3% shipping, 2% supplies, 2% miscellaneous.

Citi CashReturns has been running promos for 1.2% cashback. Default is 1% and usually they bump it up 20% for 6 months.

Quote from stasis : Wow. You can probably go to eastern europe, flash your "palladium" card, and insta-marry a near-perfect 10 chick lol How are you guys spending so much $$$ in a month? I'm having a hard time reaching my Chase Sapphire $3k requirement.

Usually I put about $15k on my dad's card a month. He puts on another $10k himself. I usually switch pc's every month or so depending on if I get a good deal or not. later sell it for cash for what I paid. Score free chase rewards. 60K in 3 months on my dads Chase, and 70K+ in Bank of the West Rewards...

priceline visa? 2% cash back on everything.

Finally dumped my Amex Blue Cash (after my 5% gas/grocery/drug rewards tier reset to 1%) and picked up the Fidelity Amex Rewards 2% CB card to complement my Fidelity Visa Rewards card.

They are both use the FIA card services interface which is great, because I log in once to check both cards simulataneously. Definitely recommend them for those of you with Fidelity accounts (or willing to open one)..... you'll find no easier way to get a straight 2% CB with every purchase (Fidelity Visa is at 1.5% until you get to $15K spending in a year, then it's 2%)

Dont forget you can sell your Ultimate Rewards points for more than $.01/point... you could add a nice little bonus collecting at 1.2x and selling at 1.3x

Quote from 8mpg : Dont forget you can sell your Ultimate Rewards points for more than $.01/point... you could add a nice little bonus collecting at 1.2x and selling at 1.3x

how do you do that

Quote from rrc06 : Finally dumped my Amex Blue Cash (after my 5% gas/grocery/drug rewards tier reset to 1%) and picked up the Fidelity Amex Rewards 2% CB card to complement my Fidelity Visa Rewards card. They are both use the FIA card services interface which is great, because I log in once to check both cards simulataneously. Definitely recommend them for those of you with Fidelity accounts (or willing to open one)..... you'll find no easier way to get a straight 2% CB with every purchase (Fidelity Visa is at 1.5% until you get to $15K spending in a year, then it's 2%)

I don't find any of Amex's rewards appealing. I only use the card for travel purchases.