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business credit card and points

Discussion in 'Other Asset Classes' started by sunnyskies, 15th Oct, 2016.

  1. sunnyskies

    sunnyskies Active Member

    13th May, 2016
    I have about 500k in expenses a year and am thinking of getting a credit card with points and paying the expenses and then transferring the money before end of month.

    anyone care to share their recommendation for this? lots of options out there
  2. kamchatsky

    kamchatsky Well-Known Member

    18th Jun, 2015
    Sydney Northwest
    @sunnyskies, if you run your own company the best and most flexible card would be American Express Platinum Business Charge Card.

    Right now it has a promo of 150000 bonus American Express Membership Rewards points (see link below) for signing up and spend $5000 within 1st 2 months. The annual fee is high ($1500 per year) BUT it has a lot of benefits including earning points on many different partners, automatic Virgin Australia lounge access, free Priority Pass worldwide lounge access, free companion card such as Platinum Reserve/Edge where you get a free domestic ticket, free Platinum Travel Insurance, Starwood Preferred Guest Gold, Marriott Rewards Gold, Club Carlson Gold Elite level etc.

    The American Express® Platinum Business Card

    The 150000 American Express Membership Reward points is worth a lot, especially you are transferring to 10 airlines at the following ratio:

    Qantas: 1:1
    Virgin Australia: 1:1
    Singapore Airlines: 1:1
    Cathay Pacific 1:1
    Etihad 1:1
    Malaysia Airlines 1:1
    Thai Airways 1:1
    Emirates 4:3
    Virgin Atlantic 1:1
    Air New Zealand 100:1

    So for something like Singapore Airlines, 150000 points is like almost a return Business Class ticket from Australia to Europe for free (requires just over 160000 points + taxes etc).

    Another thing, it has the following benefits for housekeeping purposes:

    Control your paperwork and expenses with monthly statements. Where available, the GST payable amount for transactions is provided and meets the ATO’s requirements for GST reporting7. This will assist you when completing your BAS and managing your business expenses at tax