Originally Posted by PAMidge
No big benefits.
You need to spend $5,000,000 (minimum) to get the $5000 maximum deduction on your next BMW purchase, and your points expire after 7 years.
So, unless you make enough money that you don't need the $5000, or you're putting your business expenses on your card, you can kiss that $5000 off your next BMW goodbye.
Wait, so all you need to do is charge 5k on the card to be eligible for 5k off of a BMW purchase? Hell, with rent and bills, I could get that done in about two months.