*not available to weird places that have beautiful weather all the time
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Wed, Jul 6, 2016 at 3:46 PM, Gino Villarini <ginovi...@gmail.com> wrote: > good lord! in need to apply for that 2% cash back! we are pumping over > $100k per month to our corp amex > > On Wed, Jul 6, 2016 at 3:31 PM, Chuck McCown <ch...@wbmfg.com> wrote: > >> I like miles because I can’t spend them. Dollars back I would spend and >> then when I need to go to the UK to visit my daughter I have to cough up >> the dough. >> >> *From:* Forrest Christian (List Account) <li...@packetflux.com> >> *Sent:* Wednesday, July 06, 2016 1:30 PM >> *To:* af <af@afmug.com> >> *Subject:* Re: [AFMUG] Credit card irregularities. >> >> >> The Citi double cash is 2%. I used to use it as my everyday spend card. >> >> I am having really good luck with chase ultimate rewards earning cards, >> and also spg earning cards. With the combination of the chase sapphire, >> freedom, and freedom unlimited cards for personal and chase ink, I get >> anywhere between 3% and 10% back in travel rewards (mostly hotels and an >> occasional flight). But this only works if you travel enough that you can >> redeem for values over 2 cents per point. >> >> With the chase freedom and discover they have revolving bonus categories >> which are 5x points (10% effectively). We try to buy gift cards to >> maximize this.. for instance, we're currently watching movies using >> theatre gift cards from the last time the rewards category was movie >> theatres. >> >> Back to the question about whether it makes sense to run cards through >> your own merchant account... maybe if you're trying to meet a minimum >> spend, or need a few miles to make a reward work, but I sure can't see >> this making sense on a regular basis. >> On Jul 6, 2016 12:37 PM, "Josh Luthman" <j...@imaginenetworksllc.com> >> 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? >>>>>>>> >>>>>>> >>>>>>> >>>>>> >>>>>> >>>>> >>>>> >>>> >>>> >>>> >>>> >>> >> >
