Forum Thread

large purchase strategy: Furniture. Credit card bonuses? Cash back?

KC_Cool 13 26 October 16, 2015 at 08:23 AM
Hey guys,

I'm trying to find ways to cut costs off a large purchase I'm looking to do soon, so I wanted to reach out to everyone for some advice.

I've negotiated with a sales rep for months and got a sectional down to $3900 (no tax), but I want the final cost to be cheaper.

The payment site is through a payment portal called Paysimple, so most credit card cash back programs won't give me more than 1%. That is, unless there's a card that gives cash back on that service.

I'm also open to getting a new credit card(s) to reap the rewards bonuses. I can pay with several forms of payment, therefore I can use multiple cards to maximize my bonuses.

Amex PRG w/ 50k rewards points after spending $1000 in 3 months
http://slickdeals.net/f/8065238-american-express-premier-rewards-gold-card-50k-bonus-after-1-000-spend?src=SiteSearchTest2
I read that 50,000 Amex points = $300 statement credit.
Chase Ink Plus Business Card w/ 60k rewards points after spending $5000 in 3 months
http://slickdeals.net/f/8120774-chase-ink-plus-business-card-60k-signup-bonus-w-5k-spend-or-chase-ink-30k-bonus-w-3k-spend?src=SiteSearchTest2
I think 60,000 Chase points = $600 statement credit.
This would breakdown to:
$3900
-$300
-$600
-1% ($39)
---------
$2961

Any other thoughts or ideas?

Thanks!

1 Comments

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#2
If you spend 50,000 AMEX membership points on a $300 statement credit you are wasting your money. Same with the Chase rewards points. 60,000 is almost 4/5ths of the way to an international flight. Several domestic flights if you use Southwest.

You could easily redeem both for gifts card worth more than that. I think you've got the idea, though.
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