[Cynthia]

I have the Chase Sapphire. Is it worth it point wise to make a purchase on the card when there is a 2.75% processing fee?

• The purchase is for college tuition so anywhere from $3500-7000.
• Yes the card would be paid off with each purchade.

In my opinion no, because the service fee is more than CC travel points are worth. But anyone have input?

TIA

[Jeremy]

No it’s not worth it unless your hitting a credit card goal. Like Amex platinum retention or something.

[Josh]

Call the tuition office at the school directly.

I found out that my daughter’s college doesn’t charge the credit card fee if you pay over the phone vs on the website…. I just learned this after paying for 3 years and not earning points.

Also, Don’t miss: Over the past month, what is something you purchased that brought you immense happiness?

[Ashley]

Agree with those saying to only accept a fee when working on a sign up bonus on a new card. By far the most efficient way to earn lots of points!

[Danny]

Only if working towards a sub bonus.

[Brian]

Only if you’re trying to hit a large SUB. For the Sapphire, I wouldn’t. Perhaps for the bigger ones – CIP, Amex Plat, etc.

[Scott]

Do you get more than you pay for?

Meaning, are the points you are earning worth more than the 2.75% you are paying to acquire them?

(No).

*Unless hitting a SUb that you can’t do with organic spend.

[Schmidt]

That one might be a bit harder to break even on. The points guy mentions that 1 point can be about 2 cents.

There’s times where you can get more value but if you’re paying with a Chase freedom unlimited then maybe that fee is worth it since you can make those 1.5 points into 3 cents but it would still take some work.

Useful: Where do you financially-savvy folk purchase your cell phones?

[Sean]

Nope not worth it. If it were travel on the CSR at 3% it would be worth the 2.75% fee. Unless you routinely get more than 2.75 cents per point it’s not worth it. Or if you need to do it for a sign up bonus you wouldn’t reach otherwise.

[Author]

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