Anonymous
03/19/2025 16:11
Subject: Business credit card for travel points
Anonymous wrote:Anonymous wrote:Anonymous wrote:If you only charge a few thousand a year to a credit card then this isn't worth it. But I do wonder why only a few thousand per year. Do you not use a credit card for regular personal expenses?
Another common misconception. It's not the spending. It's the signup bonuses.
PP here. Yes, it’s about the signup bonuses but this strategy is only really effective if you sign up to multiple cards and can accumulate multiple SUBs. To do that, you need to meet the minimum qualifying spend which is usually about 3 to $4000 for each card. OP said they would only spend a few thousand dollars per year on credit cards so I don’t think the strategy works
Not if they are unwilling to put personal spend on their business cards.
Anonymous
03/19/2025 14:56
Subject: Business credit card for travel points
Anonymous wrote:Anonymous wrote:If you only charge a few thousand a year to a credit card then this isn't worth it. But I do wonder why only a few thousand per year. Do you not use a credit card for regular personal expenses?
Another common misconception. It's not the spending. It's the signup bonuses.
PP here. Yes, it’s about the signup bonuses but this strategy is only really effective if you sign up to multiple cards and can accumulate multiple SUBs. To do that, you need to meet the minimum qualifying spend which is usually about 3 to $4000 for each card. OP said they would only spend a few thousand dollars per year on credit cards so I don’t think the strategy works
Anonymous
03/19/2025 13:07
Subject: Business credit card for travel points
Anonymous wrote:Anonymous wrote:If you only charge a few thousand a year to a credit card then this isn't worth it. But I do wonder why only a few thousand per year. Do you not use a credit card for regular personal expenses?
Another common misconception. It's not the spending. It's the signup bonuses.
Yes for us W-2 folks. There are some small business owners that run businesses with big inventory, run everything through their cards and generate tons of points that way- but that's probably like 5% of the people in the points game.
Anonymous
03/19/2025 12:03
Subject: Business credit card for travel points
Anonymous wrote:If you only charge a few thousand a year to a credit card then this isn't worth it. But I do wonder why only a few thousand per year. Do you not use a credit card for regular personal expenses?
Another common misconception. It's not the spending. It's the signup bonuses.