MS for tuition?
#1
Original Poster
Join Date: Oct 2013
Location: BOS/BDL
Programs: UA Premier Plat, Marriott Gold, Hilton Gold, Hyatt Dis, IHG Gold.
Posts: 73
MS for tuition?
Hello, I have a quick question, regarding manufactured spend, and if Its worth it in my specific situation.
I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
#2
Join Date: Jan 2015
Location: DEN
Programs: WN A-list CP, IHG plat, Hyatt plat, United Silver, Hilton Gold
Posts: 153
Hello, I have a quick question, regarding manufactured spend, and if Its worth it in my specific situation.
I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
#3
Join Date: Dec 2013
Posts: 3,493
Hello, I have a quick question, regarding manufactured spend, and if Its worth it in my specific situation.
I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
I have a United Explorer card from Chase (in my name), which, as you probably know, has a $25K spend waiver for premier qualifications - and I will in all probability hit 50K miles for the first time this year. The Prem Silver PQD ($2500 last year) I could always get; $6000 is a bit much.
But! I also happen to be a college student, and my University takes Visa as a form of payment. Now, by breaking it up slightly, I can pay my tuition bill through this card, and not only get UA miles, but also quickly hit that spend waiver at the beginning of the year. However, my question is this. I've read and heard elsewhere that the CC companies, that is Chase, are highly suspicious of people spending more than (or 50% of) their declared incomes on their CCs. Indeed, my income, as a student, isn't great. However, my parents are willing to foot the tuition bill, in whatever format, in exchange for a not discussed post graduation boon.
Should I do this, or some other route for MS?
#5
Original Poster
Join Date: Oct 2013
Location: BOS/BDL
Programs: UA Premier Plat, Marriott Gold, Hilton Gold, Hyatt Dis, IHG Gold.
Posts: 73
My school sort of imposes a fee; a $50 processing fee. On a 25k tuition bill, I'm going to call that reasonable.
I'm more concerned about how Chase will view this given that 25K exceeds my income.
I'm more concerned about how Chase will view this given that 25K exceeds my income.
#6
Join Date: Feb 2015
Posts: 186
Is it a $50 fee EACH charge, or for the year? That may be a deciding factor.
As long as your parents pay it off, I wouldn't see a thing wrong with it.
I would notify Chase before making the purchase the first time if it's several thousand, just so it doesn't get declined.
I'm sure it's not unheard of for a student to have a hefty savings account to be able to pay for college w/o any income. IMO it's a far more reasonable (explainable) charge than someone spending $100k at American Express Gifts in a year and only bringing home $60k income and I'm confident that happens here all the time.
As long as your parents pay it off, I wouldn't see a thing wrong with it.
I would notify Chase before making the purchase the first time if it's several thousand, just so it doesn't get declined.
I'm sure it's not unheard of for a student to have a hefty savings account to be able to pay for college w/o any income. IMO it's a far more reasonable (explainable) charge than someone spending $100k at American Express Gifts in a year and only bringing home $60k income and I'm confident that happens here all the time.
#7
Join Date: Jul 2014
Posts: 65
I've paid tuition with a new cc to meet minimum spend before without any issues. My college doesn't charge any fees for paying with cc. I pay my full bill before financial aid comes in, and then the school cuts me a check when my aid comes in.
#8
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
Slamming your Chase CC with $25,000 in a single month might engender a phone call from Chase to ensure it was you. So break it up over a few months.
#9
Join Date: Apr 2014
Posts: 13
#10
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
True, though probably not needed to avoid problems, OP seems to want to break up the charges anyway.
#11
Original Poster
Join Date: Oct 2013
Location: BOS/BDL
Programs: UA Premier Plat, Marriott Gold, Hilton Gold, Hyatt Dis, IHG Gold.
Posts: 73
The breaking it up is mostly necessary because my limit *isn't* nearly as high as 25K; I have to wait until I can pay off the card in between a couple of times. and it is $50 per transaction. Though that brings it up to $150, thats still only a .6% charge, which I think is still very reasonable.
#12
Join Date: Oct 2006
Location: DTW
Programs: AA EXP, DL FO
Posts: 1,719
The breaking it up is mostly necessary because my limit *isn't* nearly as high as 25K; I have to wait until I can pay off the card in between a couple of times. and it is $50 per transaction. Though that brings it up to $150, thats still only a .6% charge, which I think is still very reasonable.
#14
Join Date: Jan 2014
Location: The UK
Posts: 154
I pay my tuition fees with my credit card all the time. My school doesn't charge a fee (yay!) and I used a Chase card. I just called and let them know and they were fine. I of course paid it off right away with my loan because I can't afford a large credit card bill. I actually went over my credit limit once and they didn't care. I think they were fine with it because I had a good history with them.
#15
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820