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Old Jun 7, 2013 | 8:09 am
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Annual Spending

I put all my spending on my credit cards - even the $2.00 coffee I buy at Dunkin Donuts. All of my annual spending totals around $75-$85K. I don't pay for my mortgage, car payment or anything like that on my cards. For those of you who have high annual spend - what are you putting on the cards?
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Old Jun 7, 2013 | 9:00 am
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Originally Posted by zeusmt
For those of you who have high annual spend - what are you putting on the cards?
What defines high annual spend? A percentage of your gross income or just real big numbers?

I don't pay for my mortgage, car payment or anything like that on my cards.
Except for a balance transfer, which usually doesn't offer points/miles, it's extra steps or fees to put debt on debt, i.e. charge your car payment to your credit card. It can be worth the fees if you are doing this to make a spend to get a sign up bonus, but not for everyday spend.
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Old Jun 7, 2013 | 10:36 am
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Annual Spending

Is the point of the post to tell everyone that you spend 85k a year? Sure seems like it. Enjoy your spending!
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Old Jun 7, 2013 | 10:44 am
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Originally Posted by zeusmt
I put all my spending on my credit cards - even the $2.00 coffee I buy at Dunkin Donuts. All of my annual spending totals around $75-$85K. I don't pay for my mortgage, car payment or anything like that on my cards. For those of you who have high annual spend - what are you putting on the cards?
People are either manufacturing spending (buying items and reselling them, or buying cash substitutes and then using them to pay off the credit card bill), or using the cash substitutes as a way to pay bills that usually can't be paid via credit card (such as mortgages).
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Old Jun 7, 2013 | 10:44 am
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I put my spend on various cards depending on what I'm spending on to get the most out points/miles out of them. I probably spend a little less than $70K a year but have put my spending on the following cards: Chase Marriott Premier, Chase Freedom, Chase Sapphire Preferred, AMEX Gold, AMEX HHonors, Citi Forward & DiscoverIt. I know others have focused spending on one single card to hit a high spending limit for an extra ton of points/miles.
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Old Jun 7, 2013 | 10:54 am
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Originally Posted by travelinmanS
Is the point of the post to tell everyone that you spend 85k a year? Sure seems like it. Enjoy your spending!
Yeah, just what we need, another "mine is bigger than yours thread".
(Agreed, the question could just as easily been asked without any numbers.)
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Old Jun 7, 2013 | 3:09 pm
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I'm more interested in learning about your annual income.
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Old Jun 7, 2013 | 3:15 pm
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Zeusmt's friend will send PM to everyone who posts here about the great time shares available to those with incomes $xxxxxx to $yyyyyy.

With that in mind I spend $3000-$3500 annually on my Banruptcy Plus MasterCard- provided the judge approves.
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Old Jun 7, 2013 | 5:39 pm
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Originally Posted by Dr Jabadski
Yeah, just what we need, another "mine is bigger than yours thread".
(Agreed, the question could just as easily been asked without any numbers.)
thought that was primarily the centurion thread....
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Old Jun 7, 2013 | 9:09 pm
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Originally Posted by travelinmanS
Is the point of the post to tell everyone that you spend 85k a year? Sure seems like it. Enjoy your spending!
I highly doubt he was bragging about $85k annual spend.

$85k is weak. If he's bragging about that, he's a joke...
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Old Jun 8, 2013 | 6:31 am
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Originally Posted by ChurnBabyChurn
I highly doubt he was bragging about $85k annual spend.

$85k is weak. If he's bragging about that, he's a joke...
I'm not at all "bragging" about that spend. Based on some of the posts I've read, there are people making and spending a hell of a lot more than me. Definitely not a "mine is bigger than yours" thread - because I know that this isn't that big. I guess I was just curious about those spending >$250K a year or so to get the Black Card. Calm down folks. It's just a question about large (dollar amount) spend.
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Old Jun 8, 2013 | 1:17 pm
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I think FT runs the gamut. You have some people making $30k, doing sign ups only, constantly sweating making the minimum spend. You have some people doing more than your annual spend, per card, per month and up, and a bunch in between the two. I doubt highly anyone is going to be willing to tell you what their annual spend is, because the big players drop zeros and the little players pick em up and add em.
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Old Jun 8, 2013 | 4:15 pm
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My annual spend on credit cards is... a lot more than I actually spend.



But yes, I put pretty much everything on my credit card, except the entry fees at the bridge club. (But at national tournaments I can even plasticize those.)

I remember as recently as 2-3 years ago, getting my parents a card on one of my accounts to make a minimum spend on the only card I got a significant number of rewards on. That was before I started to rumble in the jungle. Seems so ancient.
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Old Jun 8, 2013 | 9:50 pm
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Originally Posted by wcj
I think FT runs the gamut. You have some people making $30k, doing sign ups only, constantly sweating making the minimum spend. You have some people doing more than your annual spend, per card, per month and up, and a bunch in between the two. I doubt highly anyone is going to be willing to tell you what their annual spend is, because the big players drop zeros and the little players pick em up and add em.

Well said! This group is a true cross-section.
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