If your income is in the high $500,000 how my do you charge each month on your credit cards?
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Anonymous
We do this for most things like gas, utilities, office snacks etc... and let our accountant sort it out later. |
Anonymous
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hhi 600k
monthly cc bill 2-4k mortgage seperate. save a lot each month. travel 2-3 times year |
Anonymous
I'm sure PP is familiar with debit cards, as she included that option in her question. As another PP asked, would you put a $10,000 hotel bill on your debit card? |
Anonymous
Of course! Why is that baffling to you? |
Anonymous
I use credit cards and pay it off monthly. It is just cash flow maintenance. |
Anonymous
| Everyone pays their credit cards off monthly. EVERYONE on the internet. |
Anonymous
Jealous? |
Anonymous
LOL. There just might -- might -- be a little self-selection going on here, PP. Who's going to trot in and say "well, I only make $45K (not $450K) but we put $15K on a high interest capitol one card each month. But it has a picture of my dog on it, so it's all good." |
Anonymous
That "self selection" is specified IN THE TITLE OF THE THREAD. 
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Anonymous
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if you use a debit card instead of charge card:
1 no protection if it is stolen; $ immediately out of bank account 2. debit cards don't have 'guarantees' that make you non-liable for fraud like credit cards do 3. with credit cards you get almost a month of 'float,' funds you don't have to pay immediately. 4. for some things (like gas stations, hotels, or car rental), they may put a big hold on some portion of your bank account funds, meaning you can't access your own cash; So, to the debit card user, the real question is why do you take so many risks of using your debit card. use a credit card and just pay it off on time. you can get a free credit card/no fees. |
Anonymous
| HHI about $10-15m per annum (depends on bonus). We put at least $50k per month on cc. We use Fidelity Amex and get two percent rebate back on all spend. Last year our rebate from Fidelity was almost $17K. Not a lot but it paid for a weekend in Paris.... |
Anonymous
| Our HHI is about half if that and our credit card monthly bill I'd about half of yours. |
Anonymous
| I need that fidelity Amex! Sounds better than points. Our Amex spend about the same as yours |
Anonymous
| Our HHI is 330K and we put about 5,000 on our card every month on average and pay it off. Easy way to rack up miles. |
Anonymous
Do you put everything on it? From groceries to medical expenses? We have a bit higher HHI and we rarely charge a thing. I charged my DC's braces one month and couldn't sleep that night. We live frugally I guess. |