Appreciate it. I try to work in real world examples when I can. I should have one or two more coming up. Probably more so me talking thru my thought processes on some things like getting ready to buy a house.
@@RJFinancial that would be awesome. It’s always better to see behind the scenes of how cc work and putting them into practice instead of just going over the categories or multipliers
Everything worked out with the strategy. Only thing I coulda done differently is to put a little under $5k on each transaction because the processing fee counts towards the final billed amount that hits the card. Coulda saved a few dollars but not a big deal. Hope it helps.
Always at your service. Glad it was helpful too. The Visa benefit did post to the card a few days later. I may try to do a mini video on the savings edge. Kinda like chase/amex offers, every so often you can find something helpful
Very interesting to see. I recently bought a new car and got a loan at 1.9% so it's low enough that I don't feel the need to pay it off as soon as I can, but down the road if I can leverage it to get a sign up bonus I couldn't hit organically it may be worthwhile.
Lotta sneaky ways to hit those larger bonuses. Even if you don't pay it off, it can be a good move if you need a ton of spend that is money you'll actually have to pay at some point. Amex biz platinum comes to mind
@@RJFinancial I hadn't thought of the Biz Platinum but that could be a good option. I don't have a business but I've heard Amex isn't strict with what counts so I could probably come up with something for that. That would also let me keep the Platinum travel benefits for an additional year without worrying about if the annual fee is worth it.
That's a great play. It makes hitting that lofty spend number much easier. Plus there's now the everyday spend you have that can go to another bonus. I probably should have waited a month as sometimes cycling credit isn't great but since I had $10k and was only using half in each payment figured I'd chance it.
Avoiding paying interest and never spending money unless you are getting paid/rewarded to do so are 2 keys to getting ahead. Get the banks to work for YOU instead of the other way around. It does take a tremendous amount of effort over a period of years to turn the tide. But freedom & liberty are things everyone should strive for.
Agreed. I've always seen cards as an easy starting point for folks. Low barrier to entry, easy to learn, can scale it if you want, and gets you in that mindset. Not gonna retire of this move but if start to look at what bank products can I use to offset things, to your point we start to get ahead
Impressive expansion! I had a rental condo from 2003 - 2006, with a perfect tenant, and got greedy at the peak of the housing boom. The next two rentals were disasters, including the property managers, HOA board members, and renters themselves. We're going to have to delay the Chase Premier again, as we pursue additional property ourselves. We've got our eye on a commercial lot that we would consider building on for yourselves. This has me thinking about rentals, would commercial leasing be more sensible for us, than residential? Either way, I wouldn't do it without max research, unlike before...
Ya know I don't know a ton about commercial deals. I've seen folks talk about being able to structure commercial leases in a way that the tenant is responsible for everything.. triple net i think is the term. Like most things the hard part is the capital and then finding tenants to be long term renters. Like most complexes seem to do well with an anchor store that people need, then attract in smaller shops.
I'm in the process of using my ink to pay for my chase auto thru plastiq also. Did a small payment trial yesterday and still waiting for it to reflect. I'm assuming you did ACH, how many days did it take for GM to get the money? Your videos are awesome. Very relatable to my situation rn. Lol
Oddly enough GM didn't have an ACH option, only a P.O. Box to mail a check. I have a Plastiq walk thru coming next week showing it (but you already have that part down lol). Mailing the check took about 7 days maybe from me submitting it to GM posting it to my account. Also the Visa Savings credit posted a few days later. If you haven't done that you could still add your ink card and save an extra $25 for the next payment. Appreciate that, I like when we can do real world applications of these things. Keep me posted on payoff journey and enjoy those UR points lol
@@RJFinancial for some reason it makes me nervous if the payment doesn't get to the right recipient. I'm checking my plastic account, emails etc crazy multiple times a day. Btw, i don't get the visa credit savings, what is this? Thanks for your time!
@@katerosales4834 I feel you. I have seen others have checks get lost, either in the mail or something. In that case Plastiq did do a refund. I think this was a credit shifu video from years ago. Visa savings edge is a perk for visa business cards. You make an account with you ink card then you have access to coupons. one of the coupons is for plastic. I used it in the vid and it saved me $25. I think it waived the fee on up to $2,500 in payments maybe. www.visasavingsedge.com/e/members/registration.php?sid=92XXdKrlo92#step1
I used it in my paying my taxes video. More so because I have the card and wanted to make the video, so the 2x would cover the 1.98% fee. For me the Premier is one and done. I like the card but I can't justify the $200/year. It'd be easier to get a regular 2x card. For businesses tho, this could be a good option. Chase is really charging the $200 for a mini line of credit in your pocket i think. As for other one and done... US Bank Leverage card and Ink preferred are the next two i'd target after the housing thing. Big bonuses that require high spend but not enough there for me to keep the cards in year two due to them both having a $95 annual fee.
@@RJFinancial so after you close the card, how long do you have to wait for you to open the same card and get the sub again, i.e., Premier, CIP, etc. Thanks RJ!!!
@@cjjunkee8602 With Chase I believe your eligible for a bonus every 4 years. Premier still isn't on the site yet. I found a link on the Dr of Credit and it work. So I'm basing that off of the Sapphire rules.
Lol, I see the other comment. You got it, not that this is an amazing bonus but the 2.5x helped out a lot. Since i had to do the spend anyways, might as well get something
You still going to stick to SE Mich. or A2 area for your property your looking for? Also a idea for the plastic full video suggestion to add the video as a watch link it as an in-video (which is on desktop appears as the ? with the title of the video in the upper right that appears in the video) when mentioned.
Probably somewhere close by. Maybe the Canton area. It's in between the two towns I'm in now. Property taxes can be brutal tho but that's starting to be everywhere these days. ruclips.net/video/5VhXiRpNeUc/видео.html Good point, I never went back and updated the end card. Link above for now
@@mitchell.9632 I got you. I updated the end card and the comment link. Personally I don't do the pop up cards mid video. I feel like it can kill the watch time of the current video if people see it and then jump to the new video part way thru. So I link it in the description and the pinned comment usually.
Lot of issuers block the repayment of debt by this method. You can try it and see if they let you. On its own, it would work. You could also look at balance transfer cards and simply transfer the balance to the new card. Transfer fee is about the same as the processing fee but those cards usually come with 0% APR offers
This is a great video! Very informative I would like more videos like this. A lot of us are just learning on how to maximize their cc.
Appreciate it. I try to work in real world examples when I can. I should have one or two more coming up. Probably more so me talking thru my thought processes on some things like getting ready to buy a house.
@@RJFinancial that would be awesome. It’s always better to see behind the scenes of how cc work and putting them into practice instead of just going over the categories or multipliers
you finally post it Great to see it!
Everything worked out with the strategy. Only thing I coulda done differently is to put a little under $5k on each transaction because the processing fee counts towards the final billed amount that hits the card. Coulda saved a few dollars but not a big deal. Hope it helps.
@@RJFinancial you lead through the example bro great work!
now I'm just waiting for your plastiq vid next week
@@guaparra2 Look for it Wednesday. I owe the people a vid on the updated PayPal card Monday
Thanks for tuning in! Need a Plastiq tutorial? Check this out next - ruclips.net/video/5VhXiRpNeUc/видео.html
Another great video. Great way to meet the bonus. Thanks for the Business Visa tip. Always have something new to learn from you…. Happy house hunting.
Always at your service. Glad it was helpful too. The Visa benefit did post to the card a few days later. I may try to do a mini video on the savings edge. Kinda like chase/amex offers, every so often you can find something helpful
Great video, RJ! I’m going to be looking for a 3rd property sometime as well! Happy hunting!
Smart man, let's see if we can get one more run before the fun rates go away for good. Keep us posted and good hunting to you as well sir
Very interesting to see. I recently bought a new car and got a loan at 1.9% so it's low enough that I don't feel the need to pay it off as soon as I can, but down the road if I can leverage it to get a sign up bonus I couldn't hit organically it may be worthwhile.
Lotta sneaky ways to hit those larger bonuses. Even if you don't pay it off, it can be a good move if you need a ton of spend that is money you'll actually have to pay at some point. Amex biz platinum comes to mind
@@RJFinancial I hadn't thought of the Biz Platinum but that could be a good option. I don't have a business but I've heard Amex isn't strict with what counts so I could probably come up with something for that. That would also let me keep the Platinum travel benefits for an additional year without worrying about if the annual fee is worth it.
Awesome I paid my car off using the chase sapphire preferred about 2 1/2 years ago to meet the sign-up offer. But I paid in full each month
That's a great play. It makes hitting that lofty spend number much easier. Plus there's now the everyday spend you have that can go to another bonus. I probably should have waited a month as sometimes cycling credit isn't great but since I had $10k and was only using half in each payment figured I'd chance it.
@@RJFinancial loved the video my brother
I see I can’t do auto loans with this anymore
The card issuers killed making debt payments with this sadly.
That’s a great idea.
This was a fun one to do. Now if only GM would report my loan as complete to the credit agencies I'd be in business...
Thanks RJ for the strategy 👍
good gems here
Avoiding paying interest and never spending money unless you are getting paid/rewarded to do so are 2 keys to getting ahead. Get the banks to work for YOU instead of the other way around. It does take a tremendous amount of effort over a period of years to turn the tide. But freedom & liberty are things everyone should strive for.
Agreed. I've always seen cards as an easy starting point for folks. Low barrier to entry, easy to learn, can scale it if you want, and gets you in that mindset. Not gonna retire of this move but if start to look at what bank products can I use to offset things, to your point we start to get ahead
Great video
I thought Plastiq says I couldn’t do auto loans on a visa
Correct, they stopped allowing this awhile back
Why are you paying $10k? Why not pay $9723? After processing fee you are at $10k.
Good eye sir. That woulda been a better way to play it and save a few dollars/points. Simply didn't think of it at the time to be honest.
Good video RJ
That thumbnail though…😎
Lol, hard to not go with the black but the red simply pops. Thanks for stopping by and have a good weekend my man
Thank you.
Excellent Imformacion Thanks
Always at your service, have a great weekend sir
Impressive expansion! I had a rental condo from 2003 - 2006, with a perfect tenant, and got greedy at the peak of the housing boom. The next two rentals were disasters, including the property managers, HOA board members, and renters themselves.
We're going to have to delay the Chase Premier again, as we pursue additional property ourselves. We've got our eye on a commercial lot that we would consider building on for yourselves. This has me thinking about rentals, would commercial leasing be more sensible for us, than residential? Either way, I wouldn't do it without max research, unlike before...
Ya know I don't know a ton about commercial deals. I've seen folks talk about being able to structure commercial leases in a way that the tenant is responsible for everything.. triple net i think is the term. Like most things the hard part is the capital and then finding tenants to be long term renters. Like most complexes seem to do well with an anchor store that people need, then attract in smaller shops.
Sweet 😎
I'm in the process of using my ink to pay for my chase auto thru plastiq also. Did a small payment trial yesterday and still waiting for it to reflect. I'm assuming you did ACH, how many days did it take for GM to get the money?
Your videos are awesome. Very relatable to my situation rn. Lol
Oddly enough GM didn't have an ACH option, only a P.O. Box to mail a check. I have a Plastiq walk thru coming next week showing it (but you already have that part down lol). Mailing the check took about 7 days maybe from me submitting it to GM posting it to my account.
Also the Visa Savings credit posted a few days later. If you haven't done that you could still add your ink card and save an extra $25 for the next payment.
Appreciate that, I like when we can do real world applications of these things. Keep me posted on payoff journey and enjoy those UR points lol
@@RJFinancial for some reason it makes me nervous if the payment doesn't get to the right recipient. I'm checking my plastic account, emails etc crazy multiple times a day.
Btw, i don't get the visa credit savings, what is this?
Thanks for your time!
@@katerosales4834 I feel you. I have seen others have checks get lost, either in the mail or something. In that case Plastiq did do a refund. I think this was a credit shifu video from years ago.
Visa savings edge is a perk for visa business cards. You make an account with you ink card then you have access to coupons. one of the coupons is for plastic. I used it in the vid and it saved me $25. I think it waived the fee on up to $2,500 in payments maybe.
www.visasavingsedge.com/e/members/registration.php?sid=92XXdKrlo92#step1
plastiq says you cant pay car loans with a Visa
Yes, they've sadly killed the service for all the uses we'd like since I made this
Great video RJ!!! So the premier is one and done, any other business and/or personal that's one and done? Thanks RJ!!!
I used it in my paying my taxes video. More so because I have the card and wanted to make the video, so the 2x would cover the 1.98% fee.
For me the Premier is one and done. I like the card but I can't justify the $200/year. It'd be easier to get a regular 2x card. For businesses tho, this could be a good option. Chase is really charging the $200 for a mini line of credit in your pocket i think.
As for other one and done... US Bank Leverage card and Ink preferred are the next two i'd target after the housing thing. Big bonuses that require high spend but not enough there for me to keep the cards in year two due to them both having a $95 annual fee.
@@RJFinancial so after you close the card, how long do you have to wait for you to open the same card and get the sub again, i.e., Premier, CIP, etc. Thanks RJ!!!
@@cjjunkee8602 With Chase I believe your eligible for a bonus every 4 years. Premier still isn't on the site yet. I found a link on the Dr of Credit and it work. So I'm basing that off of the Sapphire rules.
@@RJFinancial are ink cards also 48 months?
@@cjjunkee8602 I think it's two years for ink and freedom line... not 100% on that tho
Hi RJ. Can I pay my monthly car loan with Amex card through Plastiq?
No. All the issuers and networks block debt payments now
You know what’s financial ruin RJ? This crazy national debt that’s causing all of this inflation!!!
How do you not have a channel discussing the real issues in America yet?
1,000$ cash back on 15,000$ spend is an awful intro bonus. was it a 5/24 situation? can’t think of any other reason to get this card
NVM just saw the 2.5% back on 5K+ on a purchase. makes sense now
Lol, I see the other comment. You got it, not that this is an amazing bonus but the 2.5x helped out a lot. Since i had to do the spend anyways, might as well get something
Nice 👍
Appreciate it sir, thanks for stopping by
does this still work?
Plastiq does but you can't pay off auto loans anymore
You still going to stick to SE Mich. or A2 area for your property your looking for?
Also a idea for the plastic full video suggestion to add the video as a watch link it as an in-video (which is on desktop appears as the ? with the title of the video in the upper right that appears in the video) when mentioned.
Probably somewhere close by. Maybe the Canton area. It's in between the two towns I'm in now. Property taxes can be brutal tho but that's starting to be everywhere these days.
ruclips.net/video/5VhXiRpNeUc/видео.html
Good point, I never went back and updated the end card. Link above for now
@@RJFinancial Maybe did not explain it well but in addition to the end card you can add in-video suggestions that pop-up.
@@mitchell.9632 I got you. I updated the end card and the comment link. Personally I don't do the pop up cards mid video. I feel like it can kill the watch time of the current video if people see it and then jump to the new video part way thru. So I link it in the description and the pinned comment usually.
Bro please I need your help can I use to strategy to pay off my Discover Bank Personal loan ?
Lot of issuers block the repayment of debt by this method. You can try it and see if they let you. On its own, it would work. You could also look at balance transfer cards and simply transfer the balance to the new card. Transfer fee is about the same as the processing fee but those cards usually come with 0% APR offers