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Old Mar 29, 2018, 1:48 pm
  #48  
cruisr
 
Join Date: Dec 2004
Programs: UA-1K, MM, Hilton-Diamond, Marriott-Titanium
Posts: 4,438
Originally Posted by timaelabu
Hi
I just got 2 Cards
1. Chase Sapphire Reserve (3x trav/dine, 1x others)........................................... .$4000 in 90 days
2. Bank Of America Premium Rewards-Tier3 (3.5x trav/dine, 2.625x others).......$3000 in 90 Days

I have to pay 14k in taxes. Is the following math checks out ....?
CSR -- Pay $4000 = 4000 points
BAPR Pay $10000= 26250 points
Total Points = 30250 points
Dollar Equivalent =$302 (As per TPG 1 point =1 cent)
Fees to Pay x/CC =14k x 1.87 = $262
Am I making a profit of $40 by paying with a credit card ? ( in the form of points)
If you just got two new cards you should add In the sign up bonus. For example if you get 50k URs for meeting the 4K spend you will be receiving 54,000 points, not just 4,000.
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