Skip to content

Rewards Program

Reward Programs for Credit Cards, Travel, Hotels and More

Menu
  • Reward Programs
  • Credit Card Rewards
  • Travel Rewards
  • Hotel Rewards
  • Other Rewards
Menu

Keith Rosso bought a $60,000 Tesla with a credit card to earn rewards

Posted on August 16, 2018 by Rewards


Although Tesla wouldn’t let Rosso purchase the car directly with his credit card, they accepted the payment through Plastiq, a third-party service that charges a 2.5 percent fee.

“The trick with my Tesla purchase is the card I used, [the] Chase Ink Business Preferred, earned 3X points for the purchase,” Rosso tells CNBC Make It. Ink Business Preferred cardholders receive 3 points on every dollar spent in a range of categories designed to benefit small-businesses owners. Those categories include travel, shipping, advertising and internet, phone and cable services.

Purchasing the car through Plastiq qualified for that 3-point reward rate, although Rosso notes that there’s no guarantee that will always be the case. The Ink Business Preferred may one day only reward Plastiq purchases with 1 point per dollar.

The 2.5 percent fee came out to about $1,470, while the purchase earned him nearly 180,000 Chase Ultimate Rewards points. At minimum that’s $1,800 in value, but it could be worth even more when redeemed for travel. If Rosso transfers the points to the right hotel or airline rewards programs, he estimates that they’ll be worth as much as $5,000.

In short, the rewards easily make up for Plastiq’s fee.



Source link

Ask Jeeves
Ask Jeeves

Rewards Programs

  • 5 On Your Side gets gas rewards app back online :: WRAL.com
  • Does your health insurance cover international emergencies? Half of Americans don’t know – Survey
  • Expedia Group and Bilt Rewards
  • Use Points for Flights, Hotels, Car Rentals, and More
  • Gardens and Urban Agriculture | Raleighnc.gov
  • Ontario man loses nearly 500,000 travel points
  • Earn 10,000 Points With No Annual Fee
  • How to Spot Scammy Credit Card Reviews. We See You
  • Bed Bath and Beyond sales drop, reward program launches as CEO change announced
  • Why You Should Consider Amex Gold Over Citi Premier – Forbes Advisor
  • Next generation of Deals
  • Rewards Credit Card Market Growth, Analysis and Advancement Outlook 2022 to 2028. – Designer Women
© 2022 Rewards Program | Powered by Superbs Personal Blog theme