Someone told me this hack at Hustle Con. Sounds too good to be true: She owns a business. Gets 3% cashback on her credit card up to $300k. Instead of paying herself a salary, she pays herself a portion of that $300k and it's tax free personal income. Anyone know about this?
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Then it's 2%! No such thing as a 3% card in US.
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Must consult this oracle. What's her name?
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No 3% card exists in the market. And most vendors won’t allow you to pay large invoices with a CC. The vendor wouldn’t wanna pay ~2% plus on processing fees if they can simply switch you to wires. Been using Cap One for biz expenses for years.
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