- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
the 3% fee and apr on convenience checks makes that "option" a nonstarter. Also, you probably know but it's worth mentioning, that convenience check payments usually have no grace period. That means that even if you pay w/ the check and pay your cc off right away even before the next statement date you'll be charged interest, most likely, and it could very well be calculated as if you owed the debt for the entire cycle period.
If your vendor does biz w/ smaller clients they might benefit from having cc capability. It's worth suggesting it to them. You might try splitting the difference with them on a cashback card. Say you get 2%, agree to pay 1% more on your invoice to help them offset interchange fees. That could help underwrite cc capability for the merchant. I dk anything about the merchant side of things but the cc companies might give them a break on interchange based on the amt. of business they do. Your 15k charge every month would demonstrate that they're a player to the cc companies.
all of the above is just from a consumer, not a merchant, buyer, etc. so could be wrong.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.