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Thread: MS for tuition?
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Old Jun 2, 2015, 11:15 am
  #3  
ericdabbs
 
Join Date: Dec 2013
Posts: 3,509
Originally Posted by JShLin
Hello, I have a quick question, regarding manufactured spend, and if Its worth it in my specific situation.

I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
Universities normally if not all add a pretty hefty surcharge for usage of credit card to pay tuition. Have you verified the service charge the university is asking for to see if its even worth it? If its something like 3% of the total cost it is not worth it.
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