Quote:
Originally Posted by DaFace
The suites I mentioned above typically go for about $15k, and my friend used about 100k miles for it (theoretically worth $1k), generated using a card setup that averages around 2.5x earning. That's certainly an outlier, but it's not out of the question that some people value their rewards earning at >3%.
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We can go deeper and figure in the 3% as a business expense, but use the points/cash in a private purchase.
That's another way to come out a little ahead.
I'm set up to cycle a 2 year old work truck into my personal use for the kids to drive to school. Truck is 100% done on the tax schedule, and I'd have to show it as income in a trade-in (well, the difference anyway). Might as well write the incoming new truck off 100% and get an excellent vehicle for the kids in the backend.
Thousands of dollars saved by playing the game right. Just like credit cards.