Originally Posted by schistosomiasis

Correct me if I'm wrong but to get the 3% back on that Fidelity card you need at least $2 million under their AUM program which has a 0.2% charge. You're paying $4000/ year for that card, if you can manage your investments yourself. In contrast, the B of A premium rewards with platinum honors ($100k rather than $2 mil on deposit) will get you 2.625% back. 3% vs 2.625% for $3995 the breakeven point is charging $1.065 million per year, if they give you that high of a credit line.

I use the B of A premium rewards for arbitrage when paying estimated taxes and sometimes through plastiq to pay office rent (plastiq fee is tax deductible making it 1.71%, an arbitrage of about 0.9%).

If you're business plat honors ($100k in business account) the B of A business travel rewards gets you 2.625% back but my understanding is this is limited to travel. I'm wondering if there's any way to move the points to your personal account.