Purchases by or for a business or for a business purpose?

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
13 posts
Centurion Member
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Joined: Tue Oct 30, 2012 10:25 am
Location: TX

Postby Midori » Fri Oct 25, 2013 11:12 pm

I got the impression that multiple people thought it was their anti-MS clause. Like the people who would go out and spend $20k in one day at Office Depot on VR cards, that sort of thing. If I'm the only one, then I'm guilty of projecting, and I apologize. :o)

Just going with their straight "goods" vs "services" bit, it looks like we'd would lose out on points for a doctor's visit, pest control, perhaps electricians or plumbers.

I wish I had a biz that had $75-100k in spend each month! I'd test it out for you. :oP

Centurion Member
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Location: ca

Postby whit » Sat Oct 26, 2013 1:32 am

A doc spends about 26k-30k to allergan alone on a monthly basis, on top of other expenses and sometimes I swear I see stuff like itunes purchase and this and that in there

It's a business charge card though and paid off every statement

When you apply for the card generally giving more info is better for you in the long run imho--you are a doctor that earns xxmil a year in gross revenue? You sell products over the phone/Internet/in person? You personally earn x amount each year?

Credit card companies don't care if you sneak in or if a personal purchase gets on the card every now and then..the business owner buying $100 gc to Starbucks so he can use it as a write off during tax isn't going to get his card axed

But these fine prints are for when people abuse it enough that you either track the notice (cos they're not really making $$ off of you/losing something with the rewards give backs)

If you're asking how much, there's no set amount, but anything in the crazy range like what you're quoting, will take notice and then it's easy to see what purchases those are for/from, and it isn't hard to see if it makes sense with the line of business you say you have.

I know people who have had business card and they don't really have a business, but their purchases are so small (max a few thousand) that it doesn't really warrant a in depth look

So if you have a legit business that has a need to have that high of expenture then sure, but if not then just know the risk you're running into.

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Joined: Tue Jan 03, 2012 3:59 pm
Location: North America

Postby 2percentPlus » Tue Oct 29, 2013 12:15 am

I have a legit incorporated business, with its own tax return, with that expenditure, but it's not a business credit card. It's a personal card. Retail purchases, no quasi-cash transactions.

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