Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Jw does the venture reward transfer to airline miles or you can only use it to purchase airline tickets through Cap One reward site? Reward mileage is alot better than pts imo.
If you do travel...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Honestly, if someone is spending that kind of money on a cc every month, why wouldn't they try to negotiate a cash discount of around 5 percent?
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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My guess is that if OP is spending 600k a year, the CC company will be happy to waive a $60 fee.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Retirement Accounts, yuck! Taxes will probably be 90% again by then, especially after WW3.
Money saved/invested under your control now is much much better then maybe money later.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I hear stolen best buy gift cards are a great investment as well.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Exactly. IKEA gives you a 1% discount for using debit or cash. I've noticed most gas stations go with 1-1.5%. Still a better deal and convenience to use my 2% CB card
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Incorrect. Certain suppliers won't take them. Depends on your industry.
I know people who have Amex Centurion (Black) cards specifically because they do enough spending on supplies and...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Yep, venture rewards with capital one. 2% back.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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The only card worth using spending that much is Amex..just depends on what your buying and if you want cash back,points or discount on bill.
Plum if paid in full offers best discount but its not tax...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I get 2% on my USAA amex
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I hear squareup takes 2.75% fees of charity swipes too.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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We average about $60 per year in spending
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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We average about $600,000 per year in spending, currently using a Chase cash back getting 1%, which is about $500 a month.
The purchases are not gas or groceries, so those cards that offer 5% on...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Agreed. I use the fidelity visa signature card where amex isn't taken.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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my friend as 1 man company (contractor)+ illegals of course spend about 150-200k annually on material. You don't thinkthere are other larger SBs spend that much?
He tries to buy everything on...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Haven't seen the US Bank Cash+ Visa Signature mentioned yet. It gives you unlimited 5% CB on any 2 categories you choose (not flat like the Fidelity Amex). Also 2% on gas/groceries, 1% on everything...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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With useless responses like that, I can see why your post count is so high. I think it is more useful if you choose quality posts, rather than quantity. That's my advice for you.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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seriously? I got an AMEX black invite two years ago and I spend roughly 4% of what you claim to.
Isn't the Venture Rewards card from CapOne (the one you see advertised with Baldwin and the...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I spend far more than that and I havent got a Black invite. Many yrs ago I think I could have gotten that card. Basically that card is a ripoff and it stinks by the way. A standard AMEX plat has many...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Starwood Amex you can average 2-3% or more if you work the program properly. The redemption charts are pretty fair also. If you dont travel much stick to the cashback stuff. One more card is the Sams...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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2% cash back Fidelity Amex.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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1.5 mile everything United Mileage Plus Club. Did AMEX black card invited you yet? lol
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I was just joking but if you actually want it then you need the AMEX Plat. card first and start charging that.
Using the Centurion will get you unwritten benefit such as superior treatment from...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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i honestly have no idea. i dont have one. probably says on the website
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I spend well over $1mil on my card each year-- The Chase INK BOLD. Currently get 1.2% cash back.
Granted it is a charge card and the balance must be paid in full each month.
In my industry my...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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true, but again this does card does not sound like a pure cashback card. You get 2% back in either miles or gift cards. You can also use it to claim credits on your statement for "travel-related...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I spend ~1m/yr, all business expense. Too bad suppliers won't take credit cards.
So it is not unheard of.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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This is pretty much why I assumed the OP was full of crap.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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What I have experienced is companies generally won't go above a 1% cash discount. Most companies using Visa/MC are only paying about 2% or less if they are doing heavy volume or large purchases, so...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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No. Never.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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That's nice.
Figure anyone actually believes your tale?
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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The best thing you can do is to get multiple cards and take advantage of signup bonuses while maintaining a core of solid cards that offer a good return. I like the SPG Amex and Fidelity cards for...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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priceline 2% visa
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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My boss spends $50k-100k every month and uses the Starwood AMEX card. She and her family are always traveling so it works well for her.
I have a USAA AMEX and get 2% back. Doesn't have a...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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It doesn't have to be a retirement account. It can also funnel the cashback into a standard brokerage account or a 529 account for your kids college expenses.
From your own link:
The...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Agreed on this. If travel isn't really something that interests the OP then the Sapphire/Ink cards aren't really the best choice. One of the 2% cards out there will be better.
Personally, I'd...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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It is definitely business spending. I'm totally happy with Chase 1% back, but can't hurt to see what others are doing.
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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I will definitely check into the Chase INK Bold. I do prefer to stay with Chase due to the convenience of the multi user (Accountant can look, but can't do anything). Rep to you!
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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Agree with the poster who suggested Ink Bold, but I don't think that Bold he's talking about (with spending bonuses) exists anymore. I believe the current Ink Bold product does not have the...
Best reward card for spending $600k per year?
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Thread created 10-27-2012 by Linnx
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If you have a platinum starwood membership, get the Starwood Amex. You can amass a ton of points. It is great for stateside hotels. The best club room in the chain is at the Westin Diplomat. The...
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