Thread by @Ryan12Banks

How to use credit cards to travel the world 🌎 and stay in 5 star hotels for FREE:

Even some of the big guns in eCom aren’t doing this as well as they could be, and this is your opportunity to hop on the 🌊 .

~A THREAD~

For real though, I understand.

Credit cards are a touchy subject.

Most people don’t even pay theirs off monthly.

Which is why if you’re profiting from yours, you’re in an upper echelon of people in the U.S.

Did you know...

The average credit card debt per person in the U.S. is $6,354.

There’s $815B of credit card debt in the U.S. today.

So how can you profit from credit cards, how can you tame this beast?

Credit card points.

And not just any credit card points,

taking advantages of exclusive bonuses for your business.

So which cards should you use?

Here are some of your best options:

1. Chase Ink Business Preferred Card
2. American Express Business Gold Rewards Card
3. American Express Simply Cash Business Card

Now let’s break them down:

Chase:

With Chase, each point is worth 2 cents.

The Ink Business Preferred Card gives you 3X POINTS per $1 you spend on ad spend for the first $150K.

That’s 6 cents back on every single dollar you spend, a 6% RETURN!

And that’s not including the bonus 80k points you get for spending $5K in the first 3 months!

Let’s do some math:

- 80k points
- $5k spent X3 ad spend multiplier = 15K
- 95K total points after spending $5K on ad spend!

Those 95k points are worth $1900.

$5000 that you were going to spend on your business anyways just made you $1900 back ON TOP of your profits.

See how it’s so easy to travel the world when you own a business?

And guess what.. there’s more.

Every point you redeem on travel through Chase, you receive a 25% bonus of points to dollar transfer. So $1000 worth of points is worth $1250 of travel expenses.

✈️ 🌎 💰

American Express Business Gold Rewards:

With this card, each point is worth 1.9 cents.

Less than Chase, but it has different perks too:

You earn a 3X points multiplier on 1 of 5 different types of purchases, and 2X on the rest:

1. Airfare purchased directly from airlines
2. US purchases from FB/Google ad spend
3. US purchases at gas stations
4. US purchases for shipping
5. US computer hardware, software and cloud computing purchases made directly from select providers

So to break it down, you can pick one of these (paid ads) to receive 3X on purchases

And still receive 2X on the rest

There is a limit of $100,00 in spending per category per year

American Express Simply Cash Card:

This is a simple cash back card (hence the name).

Use this as a supplement AFTER you’ve used all of the bonuses on one or both of the previous two cards.

Let’s go into the details...

With this card, you’ll receive 5% cash back on telephone services from US providers and purchases at US office supply stores

There’s a $50,000 cap into receive 3% cash back and after that you’ll receive 1%.

You’ll receive 3% cash back on:
- airfare purchased directly from airlines
- Hotel rooms purchased directly from hotels
- US gas stations
- US restaurants
- **US purchases for paid ads**
- US purchases for shipping
- US computer hardware, software, and cloud computing purchases

So which card is the best?

If you want one card, I prefer Chase’s Ink Card.

Higher spend limit.

80k bonus points after just $5K spent.

25% extra value on your points towards travel.

No brainer.

Ever wondered how @SCHM7DT is traveling all the time? (Asides from the bundles of 💰 he’s earned from his businesses)

The man utilizes credit card points, the VIP treatment.

(More on how Nate influenced this thread later...)

I guarantee your favorite eCom influencers are doing this.

- @SCHM7DT
- @StartSellingSSS
- @kobegatsby
- @im_thaddeus
- @YousXP
- @ibp_media
- @cbassg16
- @thedulab
- @8MichaelKing
- @DinerPiner
- @SchersonArie

Why aren’t you?

If you got value from this thread

or are wondering how you can make a similar one with your expertise

this thread was powered by @SCHM7DT’s BDSC.

Check it out and cop that shit, I did.

If you got value from this thread retweet it to help anotha brotha out!