Agreed. It is a minor issue. Actual amounts on my spend are not that much
Originally Posted by
FlyerAVL
I would say 100k spend is also not that common. $50-75k more likely, especially with median household income in the US being $84k.
For me, I know I am an outlier with how small my spend is, I spent $25k last year on credit cards. So for me a 2% card is $500/yr, a 2.25% card is $62.50 more, and a 2.625% card is $156.25 more. It is not worth it to put up with BoA(Merrill specifically) for at max $150 since i was only at Platinum level anyway. Anyway rotating Checking/savings/investment account bonus' are less work for similar rewards depending on your spend level.
I got used to paying all taxes on BofA - immediate feedback, small gain from the float, can check at EFTPS in 1-2 days that it reached IRS without worrying about the mail and a smaller gain from State and local taxes but confirmation
We keep 1 account and each year just take that annual report to verify all our tax payments.
We were getting a small bonus- now that will be break even with Fed and State combined;
we will still get a float of 4-6 weeks - my statement date is the 10th
Originally Posted by
DeltaNeutral28
I'd be shocked if we had the data on people (gamers especially) who have the BoA premium card who don't put 70% of their spend on taxes. ..........his BoA thing has been going on for 8-9 years which in a gamers world is an eternity to have your hands out and collect.