Worth it to pay rent on my Chase Sapphire Preferred card? $1678/mo. Fee to do so is $62.50. They only allow visa and ACH. That'd be 20,000 points for $750. Not worth it I'm assuming?

likefunny
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Just do the math. Your fee is 62.5/1678=3.7%. CSP gives you 1% in points so you lose 3.7% - 1%=2.7%

like

Not worth it.

like

How hard is it to do the math

like

All the cc companies make sure it’s not worth it to do this

like

Math is hard

Sign up for new cards and it’s worth it to get to the min spend for the sign up bonus

^yes, that’s the only time it’s worth it. But I’ve never had a problem meeting those minimums (usually like $5k in 3 months)

If you sign up for 10 cards on 1 day (before all the hard pulls hit your credit report) it can get pretty difficult to hit the mins spends...

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