Awesome, thanks! The business card is probably a Spark Signature. The regular Spark is only 1.5%. I found this out last year when someone else said they had the similar card but 2%. A phone call and $59 a year fixed that right up =)
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Wed, Jul 6, 2016 at 2:52 PM, Travis Johnson <t...@ida.net> wrote: > The personal card is the Citi Mastercard. The business card is the > CapitalOne Spark Business card. > > Travis > > > On 7/6/2016 12:37 PM, Josh Luthman wrote: > > What's the 2% personal card if I can ask? > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Wed, Jul 6, 2016 at 2:35 PM, Travis Johnson <t...@ida.net> wrote: > >> Does the 3% credit card processing fee ($300 on $10k) justify the miles >> you will gain? How much is it to just "buy" the same amount of miles? >> >> Inquiring minds want to know. I use a 2% cashback on everything card for >> ALL my personal expenses (groceries, gas, utility bills, cell phone bill, >> food, car expenses, etc), and a different business card (also 2% cashback >> on every single item) for all my business stuff. Then I just get checks >> mailed to me about once a month for the rewards. The miles game always >> seemed like a lot of work to track everything, etc. >> >> >> Travis >> >> >> On 7/6/2016 12:08 PM, Chuck McCown wrote: >> >> S Corp >> >> *From:* Jason Wilson <ja...@remotelylocated.com> >> *Sent:* Wednesday, July 06, 2016 12:07 PM >> *To:* af@afmug.com >> *Subject:* Re: [AFMUG] Credit card irregularities. >> >> Sole Proprietor? LLC or Corp? If you are a structured org (llc,Corp) and >> you have an invoice for said items then you should be ok. >> >> >> *Credit card kiting* refers to the use of one or more credit cards >> <https://en.wikipedia.org/wiki/Credit_card> to obtain cash and >> purchasing power they do not have, or pay credit card >> <https://en.wikipedia.org/wiki/Credit_card> balances with the proceeds >> of other cards. Unlike check kiting >> <https://en.wikipedia.org/wiki/Check_kiting>, which is illegal under >> nearly all circumstances, laws against credit card kiting are not >> completely prohibitive of the practice, thereby allowing it to be done to >> some degree. It is up to the banks to detect the practice and when >> necessary, stop it. >> >> In order for prosecution to occur in a credit card kiting scheme, a bank >> must prove intent to deceive.[1] >> <https://en.wikipedia.org/wiki/Credit_card_kiting#cite_note-1> Eq seq >> reference infers paying credit card minimum balances with credit card >> <https://en.wikipedia.org/wiki/Credit_card> proceeds is de facto >> <https://en.wikipedia.org/wiki/De_facto> evidence of deceit. >> >> It all will depend on your CC Processor. >> >> >> Jason Wilson >> Remotely Located >> Providing High Speed Internet to out of the way places. >> 530-651-1736 >> 530-748-9608 Cell >> www.remotelylocated.com >> >> On Wed, Jul 6, 2016 at 11:01 AM, Cameron Crum <cc...@wispmon.com> wrote: >> >>> I didn't think about the miles thing. I just didn't think they would >>> care as they are still getting paid and you'll be out about 3% of the >>> charge. The biggest charge I've run through my own cars was about $300. I >>> know square used to hold funds over $1000 for some period...like 7 days or >>> so? Maybe that is too long, but I seem to remember something like that. >>> >>> On Wed, Jul 6, 2016 at 12:55 PM, Josh Luthman < >>> j...@imaginenetworksllc.com> wrote: >>> >>>> From what came up a while ago you can do that no problem after >>>> contacting the merchant but IPPay doesn't allow those shenanigans. >>>> >>>> >>>> Josh Luthman >>>> Office: 937-552-2340 >>>> Direct: 937-552-2343 >>>> 1100 Wayne St >>>> Suite 1337 >>>> Troy, OH 45373 >>>> >>>> On Wed, Jul 6, 2016 at 1:53 PM, Chuck McCown <ch...@wbmfg.com> wrote: >>>> >>>>> I am thinking of doing this for about $10K and really don’t want to >>>>> get money or systems locked up. >>>>> I can also run it through my ecommerce site and I have a quick books >>>>> merchant account too. >>>>> >>>>> *From:* Cameron Crum <cc...@wispmon.com> >>>>> *Sent:* Wednesday, July 06, 2016 11:50 AM >>>>> *To:* af@afmug.com >>>>> *Subject:* Re: [AFMUG] Credit card irregularities. >>>>> >>>>> I've run my own card on my own account before a couple of times for >>>>> testing and for paying myself for something as well. I'm not sure they >>>>> really care, but I haven't read the AUP in like 4 years. >>>>> >>>>> Cameron >>>>> >>>>> On Wed, Jul 6, 2016 at 12:40 PM, Chuck McCown <ch...@wbmfg.com> wrote: >>>>> >>>>>> This has been covered here before. I am considering buying something >>>>>> from my own company. Have Jenny run my personal card on her company >>>>>> square >>>>>> reader. >>>>>> >>>>>> Not sure if that violates any kind of AUP. Hate to get her merchant >>>>>> account shut down. It is a woman owned business with her owning more >>>>>> than >>>>>> half. I don’t technically work there. I am not on the payroll. >>>>>> >>>>>> How risky is this? >>>>>> >>>>> >>>>> >>>> >>>> >>> >>> >> >> >> >> > >
