Re: Chase Ink Bold and the UR Points Churn Begins
11-19-2012 04:12 PM
We are going off topic, but I have min net 90 with all my vendors with some I get net 180 to 1 year I have some invoices that are upwards 100k.... We pay them monthly so instead of writing 600-700 checks like we did before a year. We write only like 50 checks a year now. It is so easy to pay vendors with a credit card and just pay on bill a month rather than worry on tracking 600-700 checks.. And we get points for it. I'm not financing inventory I'm just paying regular monthly bills and getting points for it... I don't really see the risk.. Especially when I pay in full every month, don't have a single payment ever due( dont let balances report), if I push 400-450worth of spending this year which I'm sure I will reach the banks are making a lot of money off the processing fees. If I owed money and only make min payments and max out the lines I see the problem. But I'm not doing any of that ...
Have you thought about the Plum card? If you're just cycling inventory through it you could pick up 2 percent on your margin if you're an early payer.
Credit Cards: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000