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Which card(s) to use for high spend or large purchases? [Consolidated]

Which card(s) to use for high spend or large purchases? [Consolidated]

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Old Sep 23, 19, 7:03 am   -   Wikipost
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Ways to get high rewards or bonus on credit card spending:

1. sign-on bonus, miles, UR or MR points, free nights and cash rewards
2. on-going rewards, points or cashback
3. spending bonus for extra points/$ or status, like spending $10,000 to get extra 20k points etc.

Cards with large spending bonus: (alphabetical)

AmEx Delta Skymiles Gold: $25,000 MQD waived for elite status
AmEx HH Ascend: $40,000 to Diamond
Barclay Aviator Red: $25,000 for $3,000 EQD
BofA Merrill +: $50,000 for additional $200 travel credit
Chase Ritz Carlton: $10,000 to renew Gold status. Subject to change from 8/1/2018
Chase United MileagePlus Explorer: $25,000 for 10,000 United miles
A lot more to list...

Cards that earn better than 1 airline mile (or points convertible 1:1 to airline miles) per dollar: (alphabetical)

Amex Blue Business Plus - 2x MRs on up to $50k per year. No AF, FTF.
Amex Blue for Business - 1.3x MRs (Another card needed in order to transfer, such as Amex ED/EDP/PRG/BGR/Plat etc). No AF, FTF. Discontinued, replaced by BBP.
Amex Business Platinum - 1.5x for charges over $5,000 up to 1M extra points ($2M spend) AF $450, no FTF. Many other perks.
Amex EveryDay - 1.2x if you make 20+ charges per cycle. No AF, FTF.
Amex EveryDay Preferred - 1.5x if you make 30+ charges per cycle. AF $95, FTF.
Bank of America Virgin Atlantic MasterCard - 1.5x VS miles, 2x if you spend $15k per year, 2.1x if you spend $25k per year. AF $90, no FTF.
Barclaycard Arrival Premier - 1.43x for all partners except JAL, AC (1.18x). You will get 2.14x on all partners except JAL, AC (1.76x), if you spend $15k or $25k per year. AF $150, FYF, no FTF. Discontinued.
Capital One Spark Miles Business Visa - 1.5x on all partners, except SQ and EK. AF $95, FYF, no FTF.
Capital One Venture Visa - 1.5x on all partners, except SQ and EK. 7.5x (all partners, except SQ and EK) on hotels.com until 01/31/2020. AF $95, FYF, no FTF.
Capital One Spark Miles Select Business Visa - 1.125x on all partners, except SQ and EK. No AF, no FTF.
Chase Freedom Unlimited Visa - 1.5x URs (Another card needed in order to transfer, such as CSR/CSP/Ink Plus/Ink Bold/Ink Preferred). No AF, FTF.
Chase Ink Unlimited Business Visa - 1.5x URs, Same as Freedom Unlimited
Chase United Club Card Visa - 1.5x United miles. AF $450, no FTF, some other perks.
Citi Double Cash MC - 2x TYP. Cashback can be converted to TYP at 1:1 ratio. You need a premium Citi card, (Premier, Prestige or Chairman) to transfer to partners other than JetBlue at 1:1 ratio. No AF, FTF.


Cards that earn hotel points

Amex Hilton Honors - 3x HH points, no AF, no FTF
Amex Hilton Honors Ascend - 3x HH points, AF $95, no FTF, some perks
Amex Hilton Honors Business - 3x HH points, AF $95, no FTF, some perks
Amex Hilton Honors Aspire - 3x HH points, AF $450, no FTF, lots of perks.
Amex SPG - 2x Marriott points. AF $95, FYF, no FTF.
Amex SPG Business - same as Amex SPG.
Amex SPG Luxury - same as Amex SPG. AF $450
Barclaycard Choice Privileges Visa - 2x on everything. No AF, FTF.
Barclaycard Wyndham Rewards Visa - 2x (grandfathered versions 2x on everything, still obtainable). AF $69/$0, FTF.
Chase Marriott Premier Plus Visa - same as Amex SPG
FNBO Best Western Rewards Premium MC - 2x BW points. AF $59, no FTF
FNBO Best Western Rewards MC - 2x BW points. No AF, no FTF
US Bank Radisson Rewards Premier Visa Signature - 5x RR points. AF $75, FTF
US Bank Radisson Rewards Business Visa - 5x RR points. AF $60, FTF
US Bank Radisson Rewards Visa Signature - 3x RR points. AF $50, FTF

2%+ Cashback Cards: (by % amount)

US Bank Altitude Reserve Visa - 4.5% towards travel (cashout possible), if you use Android Pay, Samsung Pay, Apple Pay or Microsoft Wallet for in-person, in-app or online purchases. AF $400, no FTF, many other perks.
Barclaycard Priceline Rewards Visa (grandfathered 2x/5x version) - 3.33% if redeemed against Priceline or travel purchases, 2% if redeemed for everything else. No AF, no FTF.
Barclaycard Arrival Premier MC - 3% if you spend exactly $15k or $25k, 2%, if you spend less than $15k. AF $150, FYF, no FTF, some perks. Discontinued.
Bank of America Travel Rewards Visa (with Platinum (Honors) Preferred Rewards) - 2.25/2.625%. No AF, no FTF.
Bank of America Premium Rewards Visa (with Platinum (Honors) Preferred Rewards) - 2.25/2.625%. AF $95, no FTF, some perks.
USAA Limitless Cashback Rewards Visa - 2.5% (must be USAA member, with $1k direct deposit per month). no AF. Discontinued.
Alliant Cashback Visa Signature - 3% first year, after that 2.5%. AF $59, FYF, no FTF.
Barclaycard Arrival Plus MasterCard - 2.1% if you redeem for travel purchases. AF $89, no FTF.
Discover it Miles - 3% (first year only, 1.5% after that). No AF, no FTF.

Exactly 2% Cashback Cards: (alphabetical)

Amex Blue Business Cash - 2% on up to $50k per year. No AF, FTF.
BBVA Compass Rewards Visa - 2%, if you receive $1000 in direct deposits per month to checking account. No AF.
Blispay Visa - 2%. No AF.
Citi Double Cash MasterCard - 2%. No AF.
Capital One Spark Cash Business Visa - 2%. AF $95, FYF, no FTF.
Capital One Spark Miles Business Visa - 2% if redeemed for travel. AF $95, FYF, no FTF.
Capital One Venture Visa - 2% if you redeem for travel purchases. 10% cashback on hotels.com until 01/31/2020. AF $95, FYF, no FTF.
Fidelity Rewards Visa - 2%. No AF.
PenFed Power Cash Rewards Visa (with Honors Advantage) - 2%. No AF, no FTF.
PNC Premier Traveler Visa - 2% if you redeem for travel purchases. AF $85, FYF, no FTF.
State Department Federal CU Premium Cashback+ Visa - 2%, no AF, no FTF.
Synchrony Paypal Cashback MC - 2%, no AF, no FTF.
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Old Apr 11, 18, 6:43 am
  #346  
 
Join Date: Mar 2017
Programs: AA GLD
Posts: 9
I have a similar question; I own a business and I spend around $1m per year- mostly on United Mileage Plus and some on Amex Platinum. The vast majority is spend on business related stock- metal, electronics, etc. This means that I get around 1.5 million miles a year. I mainly use the miles for an annual trip to South Africa, and another to the Caribbean both with my family. I go First or Business, and I don't feel that spending miles on economy tickets is worth it. I like the MP card for the 1.5 miles per $, but I feel that availability on airlines other than Egyptair and Ethiopian seems to be getting scarcer, and I find myself getting more frustrated with United. Am I missing out on opportunities? Should I be diversifying, and if so, where?
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Old Apr 11, 18, 9:16 am
  #347  
 
Join Date: Jan 2014
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Originally Posted by Psilocyfer View Post
Hi everybody! Longtime lurker here for personal cards/programs/etc, but I've been interested in accessing rewards through my business spending lately. I spend over 1,000,000 per year on the company debit card, and this number will be well over 2,000,000 this year. I currently get no rewards whatsoever through my current debit card, so I'm wondering what options there are for someone in my spending range.

Unfortunately nearly all discussion about which credit/charge card is best relates to people to spend 2-5% of what I do per year on the card, (primarily from shipping companies) so I've been able to find very little info. I'm looking for a card/program that has no spending cap above all else, since most seem to cap at 5-10% of what I spend in a year. I don't have much time to get really technical and strategic about how I redeem my miles/points, and all I really want is something that generates points/miles that I can transfer to various airlines and use to book hotels. I realize I could get cash back with some cards instead, but I'd like to use this as the family travel fund so we have an incentive to do more traveling.

Can anyone offer any advice as to what a good credit/charge card would be for someone in my situation? If I end up going with a recommendation made here I'll gladly donate $100 to the forum!
I think there are not many alternatives to Amex Business Platinum, because of no preset spending limit, and 1.5x on purchases over $5k. Other cards you can consider is Amex BGR, which doesn't have spending limit, and it has 3x on one of your categories up to $100k. But if you don't like to bother with 3x, just use Amex Biz Platinum. You may later receive Centurion, but this is not for sure, because they want more spend for this.
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Old Apr 11, 18, 9:35 am
  #348  
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Originally Posted by stemme View Post
I have a similar question; I own a business and I spend around $1m per year- mostly on United Mileage Plus and some on Amex Platinum. The vast majority is spend on business related stock- metal, electronics, etc. This means that I get around 1.5 million miles a year. I mainly use the miles for an annual trip to South Africa, and another to the Caribbean both with my family. I go First or Business, and I don't feel that spending miles on economy tickets is worth it. I like the MP card for the 1.5 miles per $, but I feel that availability on airlines other than Egyptair and Ethiopian seems to be getting scarcer, and I find myself getting more frustrated with United. Am I missing out on opportunities? Should I be diversifying, and if so, where?
Sadly, United has about the best reward opportunities among US3. Sadly, Alaska followed US3 a year or two ago and raised its prices for redemption on other airlines, but they have many attractive partners worldwide and IMHO are a very attractive option for redemption.

And do agree with you that given the amount of miles you generate traveling in coach is poor use of miles.
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Old Apr 11, 18, 11:34 pm
  #349  
 
Join Date: Dec 2009
Location: New York, NY
Programs: UA, Marriott Gold, Hilton Gold, Hyatt (Lifetime Diamond downgraded to Explorist)
Posts: 6,549
Chase Ink Business for $95 annual fee (not waived) with 80k UR signup bonus for $5000 in spending.

Be sure to verify they do accept for large payments. Some will accept credit cards for routine treatments but for large purchases they prefer checks.
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Old Apr 12, 18, 10:28 am
  #350  
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Originally Posted by yugi View Post
They charge you $8k and don't accept credit cards? I never seen anything like that here. They always accept credit cards. If they don't go and find another one.
xxxxx

I had a doctor (until he dropped out of my insurance program at the end of 2017) who wouldn't accept credit cards. And, if you knew logic, you'd know that it only takes one exception to disprove a rule as being universal. (But in any case, I only know my own doctor's policies, not the one next door who's not in my insurance program, so undoubtedly mine isn't the only in the country who doesn't accept credit cards.)

And then, in general, there's tons of people posting in the Plastiq thread that they use Plastiq for this that and the other because this that and the other don't accept credit cards at all (or else charge a 5% fee, instead of the Plastic 2.5% fee, for taking a credit card directly). And many of these are for large purchases (it's usually not the bother of Plastiq for small purchases).

Last edited by philemer; Apr 12, 18 at 2:17 pm Reason: snark removed
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Old Apr 12, 18, 8:33 pm
  #351  
 
Join Date: Jul 2002
Programs: HH Diamond, MR Gold, Club Carlson Gold
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Sounds like this is an opportunity that OP has that may be unusual, meaning perhaps normal CC spend is not this high. OP did not give an indication of what type of points were of interest, but assuming no credit problems a quick look would say:
- Marriott Premier Card: 75K points for $3k spend
- SPG Amex: 25K SPG points/75K Marriott points for $3K spend
- Citi AAdvantage Plat MC: 50K AA points for $2500 spend

Gives you a nice vacation for your $8000 dental expense.
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Old Apr 30, 18, 7:02 pm
  #352  
 
Join Date: Apr 2018
Programs: SPG plat/Marriott Plat/United Gold
Posts: 48
Best Card for High Spenders

Hey All,

I've been using the SPG Amex for about 3 years, and have about 11M miles in the bank right now. I spend about $2M a month across an SPG Amex ($1.7M) and Capital One Spark ($300k), but as the SPG Amex is about to decrease in value by 33%, I'm looking for a new card. Spend is generally on business related online marketing and shipping.

Anyone in a similar boat looking for a new card? What do you recommend for high spenders? I suppose my desire is free first class travel, but would generally like status as well (hence SPG, where you can get Platinum using only free nights).

Thanks!
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Old Apr 30, 18, 8:13 pm
  #353  
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$240K/yr on a 2% cashback card can buy quite a few first class flights. With the option to do a lot of other things with it.
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Old May 1, 18, 12:08 am
  #354  
 
Join Date: Dec 2009
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Programs: UA, Marriott Gold, Hilton Gold, Hyatt (Lifetime Diamond downgraded to Explorist)
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With your spending category it would seem the Chase Business Ink Preferred would be up your alley:

3X POINTS

Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year:*

Travel

Shipping purchases

Internet, cable and phone services

Advertising purchases with social media sites and search engines

1X POINTS

Earn 1 point per $1 on all other purchase — with no limits to the amount you can earn.*

Pair this with an annual free fee Chase Freedom or Freedom Unlimited and you can continue to build large bonuses for yourself. You will have to build your relationship with Chaser a bit at first for that level of spending though it should be a short adjustment period for your level of spending. Addiitomnally a CSP or CSR can now or in the future benefit your position & point count along the way.
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Old May 1, 18, 11:22 am
  #355  
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Originally Posted by lincoln841 View Post
I suppose my desire is free first class travel, but would generally like status as well (hence SPG, where you can get Platinum using only free nights).
But what kind of status do you want?

The status equivalent to SPG Platinum50 (which is currently called Marriott Gold but will be renamed Platinum in the new merged program) is still going to be available going forward using only free nights (since it's been available using only free nights at Marriott as well as SPG up to now). In 2019, any one of several cards in the new merged program will give you 15 nights towards that (max 15 nights no matter how many different cards you have), so you'd only need 35 actual stay nights (paid or free) if you had one of those cards.

You have to understand that the SPG card + program was very unusual in giving you both hotel benefits and airline miles (at the earn rate of airline cards). No other hotel program did that, and so now there will be no hotel program that does that.

You can get Hilton Gold or Diamond status from just holding (not even using) the right Amex credit card (Amex Hilton Ascend card for "instant" HH Gold, Amex Hilton Aspire card for "instant" HH Diamond). But you won't get airline miles at a good rate from that, so get that card only for the hotel status and not for the airline miles.

Then you'll need a separate card to earn airline miles at a somewhat comparable rate to SPG Amex (but with a much smaller number of airlines you can transfers to). But that card won't give you status.

And that brings up another point: Do you care which airlines you can transfer to? Presumably if you were using SPG Amex, you weren't transferring to United (since it was 2:1, while most other airlines were 1:1), but United is the only domestic legacy airline partner of Chase UR points, while Delta is the only domestic legacy airline partner of Amex Membership Rewards points, and no transferable points program transfers to AA. If you specifically want AA miles, you have to either continue with a card in the Marriott/SPG replacement program despite the slower earning, or get an AA card from either Barclay or Citi . If you want to use UR points for oneworld or SkyTeam flights, you have to learn about and use foreign airlines. If you want to use Amex MR points for oneworld or StarAlliance flights, you also have to learn about and use foreign airlines.

Last edited by sdsearch; May 1, 18 at 11:31 am
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Old May 1, 18, 1:34 pm
  #356  
mia
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Originally Posted by lincoln841 View Post
...SPG Amex is about to decrease in value by 33%...!
The number of points per dollar will decrease, but how did you calculate a decrease in value?
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Old May 1, 18, 8:42 pm
  #357  
 
Join Date: Jan 2014
Location: SJC/SFO
Programs: UR, TYP, MR, AA, WN, BA, AS, Priceline, Radisson, Hyatt, IHG, Wyndham, Hilton
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Originally Posted by lincoln841 View Post
Hey All,

I've been using the SPG Amex for about 3 years, and have about 11M miles in the bank right now. I spend about $2M a month across an SPG Amex ($1.7M) and Capital One Spark ($300k), but as the SPG Amex is about to decrease in value by 33%, I'm looking for a new card. Spend is generally on business related online marketing and shipping.

Anyone in a similar boat looking for a new card? What do you recommend for high spenders? I suppose my desire is free first class travel, but would generally like status as well (hence SPG, where you can get Platinum using only free nights).

Thanks!
Amex EDP for 1.5x, Chase Freedom Unlimited for 1.5/3x or Amex Business Plat for 1.5x on purchases over $5k, but I think it's limited to 1M extra points, so you will finish it in one month.
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Old May 2, 18, 12:04 am
  #358  
 
Join Date: Jan 2013
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Originally Posted by CPRich View Post
$240K/yr on a 2% cashback card can buy quite a few first class flights. With the option to do a lot of other things with it.
Isn't that $480k/year?

That is private jet territory.
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Old May 18, 18, 11:53 am
  #359  
 
Join Date: Dec 2007
Location: PDX|AKL|AMS|GVA|CPT - or somewhere in between
Programs: DL DM; 2MM
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Which credit cards would YOU use ?

I've been agonizing over this question and would really appreciate some ideas or advise on the following:

I will have recurring invoices of around 20k/monthly in the coming 6 months for services rendered by a contractor.
He agreed to accept any credit card payments. He has billed a 2.5% fee for this service and I will start payments asap.
My credit card portfolio is varied and credit lines will easily cover.
I value my SPG, have the ATTAM for the extra 10k points, have Ink Biz and value Diamond Status with Hilton for $40k and so on.
I could also use my 2% Fidelity for cashback.
Will apply for the Amex Biz Blue - which also seems to be excellent for the future recurring payments.

Many Thanks in advance !
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Old May 18, 18, 12:40 pm
  #360  
 
Join Date: Apr 2018
Programs: SPG plat/Marriott Plat/United Gold
Posts: 48
I think my issue with 3X points with a 150K cap is just the effort. We hit 150K in like 3 days, so it's not worth it to maximize for a single bonus. Would rather try to maximize and keep steady. As a result, I see this as really 1 point per dollar spent, and that's good but not great!

Originally Posted by Yoshi212 View Post
With your spending category it would seem the Chase Business Ink Preferred would be up your alley:

3X POINTS

Earn 3 points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year:*

Travel

Shipping purchases

Internet, cable and phone services

Advertising purchases with social media sites and search engines

1X POINTS

Earn 1 point per $1 on all other purchase with no limits to the amount you can earn.*

Pair this with an annual free fee Chase Freedom or Freedom Unlimited and you can continue to build large bonuses for yourself. You will have to build your relationship with Chaser a bit at first for that level of spending though it should be a short adjustment period for your level of spending. Addiitomnally a CSP or CSR can now or in the future benefit your position & point count along the way.
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