Author Topic: Best sign up bonus for spending $50k+ right away  (Read 768 times)

Offline joesol

  • Dansdeals Gold Elite
  • ***
  • Join Date: Mar 2010
  • Posts: 147
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Best sign up bonus for spending $50k+ right away
« on: May 23, 2013, 02:51:34 PM »
I need to charge about $50k+ within 2 months. I am being charged 2.5% for using a CC or I can send a check. Is it worth it? If so, which card?

Offline Alexsei

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Sep 2011
  • Posts: 3622
  • Total likes: 171
  • DansDeals.com Hat Tips 5
    • View Profile
    • Travel & Kivrei Zadikim
  • Location: in my pants
Re: Best sign up bonus for spending $50k+ right away
« Reply #1 on: May 23, 2013, 02:53:10 PM »
can you maximize a category bonus?
Gullible? Click here to find out!

Offline joesol

  • Dansdeals Gold Elite
  • ***
  • Join Date: Mar 2010
  • Posts: 147
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Best sign up bonus for spending $50k+ right away
« Reply #2 on: May 23, 2013, 02:55:38 PM »
I dont think so. Doesnt fall under any of the big categories

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 58460
  • Total likes: 5939
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Best sign up bonus for spending $50k+ right away
« Reply #3 on: May 23, 2013, 03:03:34 PM »
Buy Visa gcs on Ink?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

EMES

  • Guest
Re: Best sign up bonus for spending $50k+ right away
« Reply #4 on: May 23, 2013, 03:21:09 PM »
United club card 2.7% roughly return valuing the miles.

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7250
  • Total likes: 284
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: Best sign up bonus for spending $50k+ right away
« Reply #5 on: May 23, 2013, 03:41:56 PM »
not worth it. (Unless you use something with zero apr for a long time and decent rewards, you can earn some interest on the 50k...)
1) Sign up for Ally Credit Union.
2) Open up a 3 month CD
3) Wait for it to mature.
4) Renew the CD to 5 years at 1.59% APY, and receive a .25% loyalty bonus, for a total of 1.84% APY.

It's worth it to pay the penalty to withdraw money from a CD prematurely.
Ally has a small, 60 day interest penalty, so that means if you cancel after:
1 year you get a resulting APY of 1.54%
2 years you get a resulting APY of 1.69%

plus the points you can be ahead.
« Last Edit: May 23, 2013, 04:16:52 PM by churnbabychurn »

Offline MEIR613

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2012
  • Posts: 4839
  • Total likes: 3
  • DansDeals.com Hat Tips 7
    • View Profile
Re: Best sign up bonus for spending $50k+ right away
« Reply #6 on: May 23, 2013, 03:43:47 PM »
United club card 2.7% roughly return valuing the miles.
2.7 is pushing it.

If there are no category bonuses or spending thresholds to meet, unless you want the miles instead of cash, I would skip it.

Offline Yeki89

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Mar 2011
  • Posts: 3859
  • Total likes: 14
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Best sign up bonus for spending $50k+ right away
« Reply #7 on: May 23, 2013, 03:48:00 PM »
1.5 miles a dollar @ .015 a point is .0225

EMES

  • Guest
Re: Best sign up bonus for spending $50k+ right away
« Reply #8 on: May 23, 2013, 05:01:21 PM »
1.5 miles a dollar @ .015 a point is .0225
if u value each mile at 1.8   do the math 1.8*1.5+=2.7 each dollar spent

Offline MEIR613

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2012
  • Posts: 4839
  • Total likes: 3
  • DansDeals.com Hat Tips 7
    • View Profile
Re: Best sign up bonus for spending $50k+ right away
« Reply #9 on: May 23, 2013, 05:03:46 PM »
if u value each mile at 1.8   do the math 1.8*1.5+=2.7 each dollar spent
Still not worth the hassle for .002