Author Topic: What's my best move for 2 major purchases???  (Read 1841 times)

Offline djnimon

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What's my best move for 2 major purchases???
« on: September 30, 2014, 07:10:05 PM »
Hey All,

My company is about to make 2 purchases of about $45k each and are letting me put it on my card!

So what card/s should I sign up for to maximize my earnings??? It is a b2b purchase so don't think it qualifies for any 5x points with Chase....

Sorry if this info is out there somewhere, but it's been FOREVER since I have been on the forums and forgot my way around and need a pretty quick solution....THANKS!

Offline ilherman

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Re: What's my best move for 2 major purchases???
« Reply #1 on: September 30, 2014, 07:13:35 PM »
You dont have any old CC? A new card and right away swiping 45k is not the sweetest idea.
You can say what you think when you think what you say.

Offline djnimon

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Re: What's my best move for 2 major purchases???
« Reply #2 on: September 30, 2014, 07:18:00 PM »
Why what do you mean? Can't I just tell them to expect a big purchase soon? Great credit history
You dont have any old CC? A new card and right away swiping 45k is not the sweetest idea.

Offline TimT

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Re: What's my best move for 2 major purchases???
« Reply #3 on: September 30, 2014, 07:23:26 PM »
Will you get a 45k CL ?

Offline Name Changed

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Re: What's my best move for 2 major purchases???
« Reply #4 on: September 30, 2014, 07:28:23 PM »
I would suggest only putting these purchases on charge cards.

Additionally, if you do not spend that amount monthly, good luck having those charges go thru on a new card.

Offline djnimon

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Re: What's my best move for 2 major purchases???
« Reply #5 on: September 30, 2014, 07:40:12 PM »
Why would you suggest the charge cards over regular cc's?
I would suggest only putting these purchases on charge cards.

Additionally, if you do not spend that amount monthly, good luck having those charges go thru on a new card.

Offline ckmk47

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Re: What's my best move for 2 major purchases???
« Reply #6 on: September 30, 2014, 07:42:16 PM »
Open new Ink cards.  There's one with a 70K bonus.  If the business has an account with Chase, after approval, tell them about an upcoming large  purchase.
Why would you suggest the charge cards over regular cc's?
A charge card has no credit limit, so 45K with a good income will pass more easily.  But you have to pay off a charge card right away.

Offline TimT

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Re: What's my best move for 2 major purchases???
« Reply #7 on: September 30, 2014, 07:47:50 PM »
Open new Ink cards.  There's one with a 70K bonus.  If the business has an account with Chase, after approval, tell them about an upcoming large  purchase.A charge card has no credit limit, so 45K with a good income will pass more easily.  But you have to pay off a charge card right away.
Only the Plus, which is a credit card, has the 70k bonus.

Offline churnbabychurn

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Re: What's my best move for 2 major purchases???
« Reply #8 on: September 30, 2014, 07:49:16 PM »
Hey All,

My company is about to make 2 purchases of about $45k each and are letting me put it on my card!

So what card/s should I sign up for to maximize my earnings??? It is a b2b purchase so don't think it qualifies for any 5x points with Chase....

Sorry if this info is out there somewhere, but it's been FOREVER since I have been on the forums and forgot my way around and need a pretty quick solution....THANKS!

So nice of them to let you... Make sure you get the cash in advance!

Offline ChaimMoskowitz

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Re: What's my best move for 2 major purchases???
« Reply #9 on: September 30, 2014, 07:50:02 PM »
A charge card has no credit limit...
Actually it does.
I just found a new supply of forks!

Offline zale

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Re: What's my best move for 2 major purchases???
« Reply #10 on: September 30, 2014, 08:29:38 PM »
Just my two cents:

The total charge here is 90k, so at most you will be getting 90k points. At best, that's worth around $1400.

But, here is what you need to take into consideration:

  • If you will be using a consumer credit card, this can easily tank your credit score for a few months, especially if this uses up a majority of your total credit
  • If it's Amex or Chase, this can trigger a FR or an AA
  • You best be absolutely certain that your company will pay you back, and on time.
I don't know what your monthly spending patterns are, but if it's not in the high thousands, then I recommend not doing this. 90k points can be easily had by opening an Ink Plus and Ink Bold or Sapphire card.

Online etech0

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Re: What's my best move for 2 major purchases???
« Reply #11 on: September 30, 2014, 08:31:07 PM »
or maybe do 1 instead of both
Workflowy. You won't know what you're missing until you try it.

Offline TimT

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Re: What's my best move for 2 major purchases???
« Reply #12 on: September 30, 2014, 08:39:06 PM »
Just my two cents:

The total charge here is 90k, so at most you will be getting 90k points. At best, that's worth around $1400.

But, here is what you need to take into consideration:

  • If you will be using a consumer credit card, this can easily tank your credit score for a few months, especially if this uses up a majority of your total credit
  • If it's Amex or Chase, this can trigger a FR or an AA
  • You best be absolutely certain that your company will pay you back, and on time.
I don't know what your monthly spending patterns are, but if it's not in the high thousands, then I recommend not doing this. 90k points can be easily had by opening an Ink Plus and Ink Bold or Sapphire card.
Agreed. Well said

Offline ckmk47

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Re: What's my best move for 2 major purchases???
« Reply #13 on: September 30, 2014, 08:57:16 PM »

The total charge here is 90k, so at most you will be getting 90k points. At best, that's worth around $1400.

I don't know what your monthly spending patterns are, but if it's not in the high thousands, then I recommend not doing this. 90k points can be easily had by opening an Ink Plus and Ink Bold or Sapphire card.
But opening 2 Ink cards AND charging 45K on each will give 90K + 100-120K bonus points.  Talk to Chase after the card is opened to get 'preapproval' for such large spending. (Is it able to be spread out over a few months?)


Be SURE that they can - not just want to - pay you back PROMPTLY!

Offline ilherman

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Re: What's my best move for 2 major purchases???
« Reply #14 on: September 30, 2014, 09:35:25 PM »
Just my two cents:

The total charge here is 90k, so at most you will be getting 90k points. At best, that's worth around $1400.

But, here is what you need to take into consideration:

  • If you will be using a consumer credit card, this can easily tank your credit score for a few months, especially if this uses up a majority of your total credit
  • If it's Amex or Chase, this can trigger a FR or an AA
  • You best be absolutely certain that your company will pay you back, and on time.
I don't know what your monthly spending patterns are, but if it's not in the high thousands, then I recommend not doing this. 90k points can be easily had by opening an Ink Plus and Ink Bold or Sapphire card.
-0.5 He can avoid getting his credit score lowered by paying off right away - before the statement closes.
You can say what you think when you think what you say.