All of my company spend goes through a starwood amex or the chase ink card. It's nice when you generate free hotel nights. The points also have fewer tax implications than cash back.
As an example, I just booked five nights at a four star hotel in Berlin which would have been around 250 a night. I used 40,000 points which when you figure it out is about a 3.1% return assuming 1 point per cent of spend. Much of the time I get an even better return. On Jul 6, 2016 1:46 PM, "Gino Villarini" <[email protected]> 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 <[email protected]> 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) <[email protected]> > *Sent:* Wednesday, July 06, 2016 1:30 PM > *To:* af <[email protected]> > *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" <[email protected]> > 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 <[email protected]> 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 <[email protected]> >>> *Sent:* Wednesday, July 06, 2016 12:07 PM >>> *To:* [email protected] >>> *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 <[email protected]> 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 < >>>> [email protected]> 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 <[email protected]> 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 <[email protected]> >>>>>> *Sent:* Wednesday, July 06, 2016 11:50 AM >>>>>> *To:* [email protected] >>>>>> *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 <[email protected]> >>>>>> 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? >>>>>>> >>>>>> >>>>>> >>>>> >>>>> >>>> >>>> >>> >>> >>> >>> >> >
