Best Unlimited Cash Back Business Card?
Aug 29, 2020, 2:55 pm
#16
Join Date: Apr 2003
Location: Scottsdale AZ
Posts: 727
Correct me if I'm wrong but to get the 3% back on that Fidelity card you need at least $2 million under their AUM program which has a 0.2% charge. You're paying $4000/ year for that card, if you can manage your investments yourself. In contrast, the B of A premium rewards with platinum honors ($100k rather than $2 mil on deposit) will get you 2.625% back. 3% vs 2.625% for $3995 the breakeven point is charging $1.065 million per year, if they give you that high of a credit line.
I use the B of A premium rewards for arbitrage when paying estimated taxes and sometimes through plastiq to pay office rent (plastiq fee is tax deductible making it 1.71%, an arbitrage of about 0.9%).
If you're business plat honors ($100k in business account) the B of A business travel rewards gets you 2.625% back but my understanding is this is limited to travel. I'm wondering if there's any way to move the points to your personal account.
I use the B of A premium rewards for arbitrage when paying estimated taxes and sometimes through plastiq to pay office rent (plastiq fee is tax deductible making it 1.71%, an arbitrage of about 0.9%).
If you're business plat honors ($100k in business account) the B of A business travel rewards gets you 2.625% back but my understanding is this is limited to travel. I'm wondering if there's any way to move the points to your personal account.
Aug 29, 2020, 3:00 pm
#17
Join Date: Jun 2008
Location: BAY AREA
Posts: 1,125
Correct me if I'm wrong but to get the 3% back on that Fidelity card you need at least $2 million under their AUM program which has a 0.2% charge. You're paying $4000/ year for that card, if you can manage your investments yourself. In contrast, the B of A premium rewards with platinum honors ($100k rather than $2 mil on deposit) will get you 2.625% back. 3% vs 2.625% for $3995 the breakeven point is charging $1.065 million per year, if they give you that high of a credit line.
I use the B of A premium rewards for arbitrage when paying estimated taxes and sometimes through plastiq to pay office rent (plastiq fee is tax deductible making it 1.71%, an arbitrage of about 0.9%).
If you're business plat honors ($100k in business account) the B of A business travel rewards gets you 2.625% back but my understanding is this is limited to travel. I'm wondering if there's any way to move the points to your personal account.
I use the B of A premium rewards for arbitrage when paying estimated taxes and sometimes through plastiq to pay office rent (plastiq fee is tax deductible making it 1.71%, an arbitrage of about 0.9%).
If you're business plat honors ($100k in business account) the B of A business travel rewards gets you 2.625% back but my understanding is this is limited to travel. I'm wondering if there's any way to move the points to your personal account.
Aug 29, 2020, 3:33 pm
#18
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
In addition to the credit limit consideration, it depends if you need employee cards. Most MasterCard/VISA issuers use the same number for all cards on one personal account which means there is no segregation of expenses, and if an employee leaves or any card is lost or stolen everyone needs a new card.
Oct 18, 2022, 3:14 pm
#19
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Diamond, Hyatt Globalist, IHG Plat, Marriott Gold, National EE
Posts: 1,204
I also micromanage some spend onto AmEx Gold cards for 4x back, but like you, the limits on bonused spend are limiting. Note that the Chase World of Hyatt Business card offers 2x on advertising spend and is a Visa, and your level of spend will easily vault you into Globalist.
https://www.bankofamerica.com/smallb...s-credit-card/