Credit card ?

[Cutty72]

Originally Posted by tommymac

is that a state thing or nationwide. I figured either way they will pass the costs back onto the consumer when they can.

Nation wide. We got a memo about it at work on how to handle those charges on work purchases.
I haven't seen anyone implement it yet, besides a minimum purchase amount to use a card, or the cash/credit fuel price, but I'm sure it's coming.

[Homeslice]

Originally Posted by OneSickPsycho

Oh and fuck 0% intro cards... most of them suck for rewards... Like I said, I maximize my shit...

Two cards...

Amazon Visa - always 3% on Amazon, 2% on gas/restaurants/drugstore/office supplies, 1% on everything else

Chase Freedom - quarterly promotions for 5% cash back (currently Lowes, restaurants, movies... plus 10% bonus points at the end of the year.

I used to use my Discover Card too, but I found that the Freedom card mirrors their quarterly 5% cash back rotation...

I keep a sliver of a sticky note in my wallet to remind me which card to use for what to max out my rewards. I used to get anywhere from $500 to $1000 cash back each year... since I'm paying attention to it now, I expect to hit $1500 this year.

OK let's say that you averaged 4% cash back across all your purchases (and that's being generous, since I'm sure most of your transactions only give you 2-3%)..........You would still need to charge $37,500 (more than $3K per month) to get back $1,500. Do you seriously charge that much per month? On what?

[Rangerscott]

Thats a lot of porn.

Im gonna look into a cash back card. Something back is better than nothing back.

[Cutty72]

Originally Posted by Homeslice

OK let's say that you averaged 4% cash back across all your purchases (and that's being generous, since I'm sure most of your transactions only give you 2-3%)..........You would still need to charge $37,500 (more than $3K per month) to get back $1,500. Do you seriously charge that much per month? On what?

Every dollar I spend, less the mortgage payment, goes on a credit card and gets paid off every month.
If he's doing it right and maxing the 5% stuff, I can see it.

[Homeslice]

Originally Posted by Cutty72

Every dollar I spend, less the mortgage payment, goes on a credit card and gets paid off every month.
If he's doing it right and maxing the 5% stuff, I can see it.

I can see if you're a homeowner, spending on home improvements........or you have a business on the side that you're spending for.......Otherwise I can't see $3K a month on credit cards unless you're a baller who goes out every night.

[LeeNetworX]

Originally Posted by Homeslice

I can see if you're a homeowner, spending on home improvements........or you have a business on the side that you're spending for.......Otherwise I can't see $3K a month on credit cards unless you're a baller who goes out every night.

It's incredibly easy to spend at least that much monthly, especially if you own a home, any toys, and/or have kids.

I pay a lot of bills with one of my reward cards. Gas, groceries, utility bills, lawn care bills, insurance, vet bills, Dr. visits, online purchases, misc. expenses, child expenses, reimbursable work expenses (including travel), clothing, leisure expenses, maintenance expenses, etc.

Anything that can't be paid via credit card is done through online bill-pay, automatic deduction or the occasional paper check I must write.

[OneSickPsycho]

Originally Posted by Homeslice

OK let's say that you averaged 4% cash back across all your purchases (and that's being generous, since I'm sure most of your transactions only give you 2-3%)..........You would still need to charge $37,500 (more than $3K per month) to get back $1,500. Do you seriously charge that much per month? On what?

$1,500 is a lofty goal and I hadn't done the math... I still think it's possible.

And what do I spend it on? Cable/internet, cell phone, insurance, and water bills are all set up on the CC. And I literally use it for every other purchase... all of them.

Also, I get a 10% bonus in points at the end of the year... that helps... Another thing that helps ever so slightly is the fact that they round up for every dollar when assigning points. For example. $4.00 is 4pts, whereas $4.01 is 5pts.

Originally Posted by Homeslice

I can see if you're a homeowner, spending on home improvements........or you have a business on the side that you're spending for.......Otherwise I can't see $3K a month on credit cards unless you're a baller who goes out every night.

There's that too. We're doing some home improvements and whatever isn't sourced on CL, is going on a card.

Originally Posted by LeeNetworX

It's incredibly easy to spend at least that much monthly, especially if you own a home, any toys, and/or have kids.

I pay a lot of bills with one of my reward cards. Gas, groceries, utility bills, lawn care bills, insurance, vet bills, Dr. visits, online purchases, misc. expenses, child expenses, reimbursable work expenses (including travel), clothing, leisure expenses, maintenance expenses, etc.

Anything that can't be paid via credit card is done through online bill-pay, automatic deduction or the occasional paper check I must write.

Yep, do all the work stuff through it as well... and vacations are another good one. We save for vacations, home improvements, etc... so all those card purchases are backed with cash. ANY time I can use my CC instead of cash/check, it's used. In fact, when it comes time to write an actual check, it takes me about 15 minutes to even find the checkbook. I've had that account for 5 years and I'm on the 50th check or so...

[Homeslice]

Work stuff doesn't count
Seems like your employers should be issuing you corporate cards.

And if I was your utility company, I would refuse to accept CC because of the merchant fees. I'd require you to use auto-deduct from your checking account instead. And you wouldn't have any choice, because I'm the only game in town if you want your lights on.

Also, I get a 10% bonus in points at the end of the year

That's 10% of the points, right? So for example if you had earned a total of $1000 cashback, it's now $1100.

[OneSickPsycho]

Originally Posted by Homeslice

Work stuff doesn't count
Seems like your employers should be issuing you corporate cards.

And if I was your utility company, I would refuse to accept CC because of the merchant fees. I'd require you to use auto-deduct from your checking account instead. And you wouldn't have any choice, because I'm the only game in town if you want your lights on.


That's 10% of the points, right? So for example if you had earned a total of $1000 cashback, it's now $1100.

Work stuff does count... doesn't happen very often, but I buy some things for the sales floor every couple of months and travel 1-2x per year... all on card. Some have the corporate Amex, but I don't...

My electric company would charge me to use my CC... fuck that.

Yes, 10% of points. They used to give it to you every statement along with a point for every purchase... changed that a few months back.

[LeeNetworX]

Originally Posted by Homeslice

Work stuff doesn't count
Seems like your employers should be issuing you corporate cards.

Sure it does. And why should I use a corporate card when I can get a benefit from using my own? And work is just a small percentage in my case - only 1-2 trips per quarter and an occasional sub-$1K purchase.