Best New Card for Big Initial Spend
Mar 14, 2013 | 11:01 am
#1
Original Poster
Join Date: Mar 2013
Posts: 2
Best New Card for Big Initial Spend
Good afternoon,
Within the next two months I have to make a big spend -- about $30,000. The kick is that there is a convenience fee of 2.5% ($720) to make the spend on a credit card.
I'm wondering if anyone has ideas about whether there are particular cards -- for example, cards with very generous signup bonuses or yearly bonuses for big spends -- that might make it worthwhile to pay the $720 fee.
I'm already Hilton Gold, and I know this could help me get Diamond, but I'm not sure 90,000 HH points + Diamond is worth $720.
Thanks, in advance, for any thoughts or advice.
Within the next two months I have to make a big spend -- about $30,000. The kick is that there is a convenience fee of 2.5% ($720) to make the spend on a credit card.
I'm wondering if anyone has ideas about whether there are particular cards -- for example, cards with very generous signup bonuses or yearly bonuses for big spends -- that might make it worthwhile to pay the $720 fee.
I'm already Hilton Gold, and I know this could help me get Diamond, but I'm not sure 90,000 HH points + Diamond is worth $720.
Thanks, in advance, for any thoughts or advice.
Mar 14, 2013 | 11:10 am
#3
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,891
Moderator action
Welcome to Flyertalk.
I have transferred your thread to the Credit Card Programs forum, this is the best place to solicit credit card advice.
What type of expenditure? Taxes, tuition, medical?
I have transferred your thread to the Credit Card Programs forum, this is the best place to solicit credit card advice.
What type of expenditure? Taxes, tuition, medical?
Mar 14, 2013 | 11:47 am
#6
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Join Date: May 2001
Location: Southern California
Programs: Hertz 5 star, Priceline Hotel bidder. AA PLT, 1MM.
Posts: 2,910
Mar 14, 2013 | 12:35 pm
#7
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
Best New Card for Big Initial Spend
The first is does the payment have to be in one lump? Next question is does the OP have the credit resources to get a CC company to go along with a 30K charge - especially with a new card.
Mar 14, 2013 | 7:16 pm
#8
Join Date: Aug 2012
Location: New York, NY
Programs: AA Plat, UA, BA, DL, SPG Gold
Posts: 94
If you pay via check or ACH transfer do you eliminate the convenience fee? It's hard to justify a 2.5% fee even to clear a big bonus, since there are much more cost-effective ways to go about running up a spend number like this.