Help on choosing the right card
Feb 27, 2014 | 9:21 am
#1
Original Poster
Join Date: Feb 2014
Posts: 4
Help on choosing the right card
Hello,
First post here (don't know if in correct section).
I'm trying to find out what could be a good card for my needs, spending between 750 and 1 mil per year on business credit card what would be a good choice?
Thank you so much
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
First post here (don't know if in correct section).
I'm trying to find out what could be a good card for my needs, spending between 750 and 1 mil per year on business credit card what would be a good choice?
Thank you so much
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
Last edited by TonyGi; Feb 27, 2014 at 9:45 am
Feb 27, 2014 | 9:30 am
#2
Join Date: Feb 2006
Programs: HH Gold (again), US/UA/DL non-elite, ZE Presidents Circle, WN reluctant no fee convert.
Posts: 1,449
Welcome to FT, TonyGi! 
There are many experts here that can empathize and assist you. I do think you may need to edit your post to include a bit more information if you'd like genuinely well intentioned advice.
Just review your post and add a little more specific info. Like your million dollar spending is broken up to what categories?
Best wishes!
PS. Slam Dunk, maybe?
http://www.flyertalk.com/forum/credi...e-posting.html
There are many experts here that can empathize and assist you. I do think you may need to edit your post to include a bit more information if you'd like genuinely well intentioned advice.
Just review your post and add a little more specific info. Like your million dollar spending is broken up to what categories?
Best wishes!
PS. Slam Dunk, maybe?
http://www.flyertalk.com/forum/credi...e-posting.html
Feb 27, 2014 | 9:57 am
#4
Join Date: Feb 2012
Location: LAX
Programs: AA, TY, UR, UA, US, WN, MR, SPG
Posts: 1,453
Welcome to FlyerTalk!
A little more info would be helpful, as well. Do you currently have any loyalty programs, airline or hotel status, etc? What is going to be more valuable to you personally: Free flights, free hotels, flexibility, or cash? Are you open to splitting up spend across multiple cards, or just want one primary?
My starting suggestion would be the Chase Ink Bold (for business) + Chase Sapphire Preferred (personal) combo. 1MM Chase Ultimate Rewards points annually (not counting category multipliers where applicable and annual bonuses) would be quite an asset, and the flexibility to transfer them to airlines, hotels, or take cash makes them very attractive, assuming you don't want to transfer to American Airlines. If they're your primary carrier, than the AMEX SPG Business + SPG Personal would be attractive, personally.
Truth is, there's SO much information out there, and SO many choices, it can feel like it's hard to do it right. With the kind of spend you're talking about, though, it's also kind of hard to do it wrong.
A little more info would be helpful, as well. Do you currently have any loyalty programs, airline or hotel status, etc? What is going to be more valuable to you personally: Free flights, free hotels, flexibility, or cash? Are you open to splitting up spend across multiple cards, or just want one primary?
My starting suggestion would be the Chase Ink Bold (for business) + Chase Sapphire Preferred (personal) combo. 1MM Chase Ultimate Rewards points annually (not counting category multipliers where applicable and annual bonuses) would be quite an asset, and the flexibility to transfer them to airlines, hotels, or take cash makes them very attractive, assuming you don't want to transfer to American Airlines. If they're your primary carrier, than the AMEX SPG Business + SPG Personal would be attractive, personally.
Truth is, there's SO much information out there, and SO many choices, it can feel like it's hard to do it right. With the kind of spend you're talking about, though, it's also kind of hard to do it wrong.
Feb 27, 2014 | 10:32 am
#6
Original Poster
Join Date: Feb 2014
Posts: 4
Thank you for the reply,
I'm only on the AA advantage with platinum status, i can switch to united easily.
Free flights and high status on airlines company could be my first choice. I can also split the amount on different cards.
I know there is so much information and i'm lost!
Amex could be a good option my only concern is that in latin america i had some problem.
I'm only on the AA advantage with platinum status, i can switch to united easily.
Free flights and high status on airlines company could be my first choice. I can also split the amount on different cards.
I know there is so much information and i'm lost!
Amex could be a good option my only concern is that in latin america i had some problem.
Feb 27, 2014 | 10:45 am
#7
Join Date: Feb 2012
Location: LAX
Programs: AA, TY, UR, UA, US, WN, MR, SPG
Posts: 1,453
Thank you for the reply,
I'm only on the AA advantage with platinum status, i can switch to united easily.
Free flights and high status on airlines company could be my first choice. I can also split the amount on different cards.
I know there is so much information and i'm lost!
Amex could be a good option my only concern is that in latin america i had some problem.
I'm only on the AA advantage with platinum status, i can switch to united easily.
Free flights and high status on airlines company could be my first choice. I can also split the amount on different cards.
I know there is so much information and i'm lost!
Amex could be a good option my only concern is that in latin america i had some problem.
Do you have a stockpile of AA miles, already? I'm assuming so, if you have the AA card and run this much through it.
I'm still going to go back to my original recommendation so far, of the Chase Ink / Chase Sapphire Preferred combo.
Feb 27, 2014 | 10:48 am
#8
Join Date: Sep 2006
Posts: 146
Hello,
spending between 750 and 1 mil per year on business credit card what would be a good choice?
...
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
spending between 750 and 1 mil per year on business credit card what would be a good choice?
...
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
Could you roughly break down your monthly spend in those categories?
The answer will depend on your categorical spending profile.
Feb 27, 2014 | 6:18 pm
#9
Original Poster
Join Date: Feb 2014
Posts: 4
Unfortunately, the airline cards don't grant you status based on how much you spend, unlike hotel cards. If you have status with American, it might be worthwhile to keep that angle. The AMEX SPG allows transfers to AA at a 1:1.25 ratio (20K SPG > 25K AA), but they cap it at 79,999 a year, which would take a lot of the value away when you're talking about the amounts you spend.
Do you have a stockpile of AA miles, already? I'm assuming so, if you have the AA card and run this much through it.
I'm still going to go back to my original recommendation so far, of the Chase Ink / Chase Sapphire Preferred combo.
Do you have a stockpile of AA miles, already? I'm assuming so, if you have the AA card and run this much through it.
I'm still going to go back to my original recommendation so far, of the Chase Ink / Chase Sapphire Preferred combo.
About the breakdown lets say:
70k month
35 on suppliers (food/machinery/internet)
the rest depend on the season: during big show season the biggest cost are on travel/rental/flight/gas/restaurant.
Unfortunately i don't use common carrier like hertz i'm more into Ryder (truck)
Hotel and airline company i use a lot AA and Hilton
Thank you for your help!
Feb 28, 2014 | 8:54 am
#10
Join Date: Mar 2013
Posts: 48
Hello,
First post here (don't know if in correct section).
I'm trying to find out what could be a good card for my needs, spending between 750 and 1 mil per year on business credit card what would be a good choice?
Thank you so much
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
First post here (don't know if in correct section).
I'm trying to find out what could be a good card for my needs, spending between 750 and 1 mil per year on business credit card what would be a good choice?
Thank you so much
Edit for more details:
Is a catering company (Florida based), category are very different. Machinery, travel, hotels, rent car/trucks, food, gas. Maybe something that i can also get a personal credit card.
IRS has (so far) maintained that miles/points earned through personal spending are not taxable. However, the situation is different for the business spending. Business expense cost basis should be reduced by the value of miles/points you are earning. So, in effect you'll be paying taxes on the rewards you are getting from the credit card used for the business expenses source