You need to spend $50k in 6 months on this card to get the $3,000 bonus. If you can't charge that much, or can't manufacture that spend, move along. This isn't a card for a college kid. This is a brand new offer, and is time limited (no mention of when it expires).
2% cashback on everything, no categories. $150 annual fee. Can't tell if it hits you with the AF on application, but assuming it does, you'll clear $3850 in 6 months with the $50k spend. That's nearly 8% (back of the napkin calc), which is the highest I've ever seen on a card bonus. This is a GOOD deal. I'd probably churn this and drop the card at year 1 unless they waive AF in year 2.
Yes, this is a business card but the prevailing wisdom is that anyone can get one. You sell on eBay? Congrats, you own a business.
https://www.capitalone.com/small-...cash-plus/
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Pay estimated taxes/regular taxes with the card. Fee is 1.87%, so you actually make money on the float and increase your reward spend.
Use Plastiq to pay rent/mortgage. It has a 2.87% fee, but the .87% on 50k is pretty small relative to the reward so it's still worth it.
I meant paying for the car itself or down-payment for the car if over 50k
Also if you have a CapOne miles card, you can transfer the cash back to miles and use it with travel partners. That will get you even more value that $4k if you're know what you're doing with loyalty programs.
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Obviously it would only make sense if you're spending the $50k anyway.