Paying for stuff.

lazy farmer · Sep 14, 2021

Does anybody pay for inputs with a credit card ?
reason for asking Barclay card now do a 1% cash back business credit card. No fees upto 56 days before payments are due. And have upto 25k limit. So just using it normally without early payments would make 3k a yr.
so does anybody pay for feed and fert this way for example.

vantage · Sep 14, 2021

lazy farmer said:
Does anybody pay for inputs with a credit card ?
reason for asking Barclay card now do a 1% cash back business credit card. No fees upto 56 days before payments are due. And have upto 25k limit. So just using it normally without early payments would make 3k a yr.
so does anybody pay for feed and fert this way for example.

Very interesting.
Only use a credit card with a £5 k limit, for smaller items, cleared by DD every month.

pine_guy · Sep 14, 2021

lazy farmer said:
Does anybody pay for inputs with a credit card ?
reason for asking Barclay card now do a 1% cash back business credit card. No fees upto 56 days before payments are due. And have upto 25k limit. So just using it normally without early payments would make 3k a yr.
so does anybody pay for feed and fert this way for example.

I’m thinking many firms won’t be keen on the costs from their end. Very interesting though. Keen to see if this is possible.
@Adam@Rumen might shed a bit of light.

lazy farmer · Sep 14, 2021

vantage said:
Very interesting.
Only use a credit card with a £5 k limit, for smaller items, cleared by DD every month.

That’s what I currently do on my personal Barclays credit card . That’s .5 percentage cash back
I make around £400 a yr on it. Helped pay for my trip to Derbyshire earlier this yr !

pappuller · Sep 14, 2021

lazy farmer said:
That’s what I currently do on my personal Barclays credit card . That’s .5 percentage cash back
I make around £400 a yr on it. Helped pay for my trip to Derbyshire earlier this yr !

Do you have to be a barclays business customer ?

goodevans · Sep 14, 2021

lazy farmer said:
That’s what I currently do on my personal Barclays credit card . That’s .5 percentage cash back
I make around £400 a yr on it. Helped pay for my trip to Derbyshire earlier this yr !

Does that mean you spend £80000 on business expenditure

Flatlander · Sep 15, 2021

Asked here to pay for fertilizer seed and chemicals with a card and was told yes but it was a 3% charge for doing it. So didn’t go that route but bought grain bins and paid fir them with the business card and had enough back fir a week in Jamaica with the wife With no added percentage. I use the CC for all parts and sundries fir the farm and the wife is religious about doing the bills before any charges are payable. Ask you supplier if they have added charges and go from there. Most card business want you to keep passing money thru them in the hope you’ll miss a payment deadline or overspend so your in their clutches forever lol.

lazy farmer · Sep 15, 2021

pappuller said:
Do you have to be a barclays business customer ?

No we are lloyds

lazy farmer · Sep 15, 2021

goodevans said:
Does that mean you spend £80000 on business expenditure

No probably around 500k not including wages or contractor who would not be applicable.
But we put about 80k through my barcleys credit card

Milkcow365 · Sep 15, 2021

heard of people doing this with airline credit cards that you ear air miles on? End up getting flights to New Zealand etc free

Nukemall · Sep 15, 2021

Most of the larger bills will add a percentage for using card, and offer a reduction for dd. My feed supplier offers discount for monthly dd, or additional discount for 14 day dd.

pappuller · Sep 15, 2021

lazy farmer said:
No we are lloyds

Interesting, depends if the supplier charges a fee

pappuller · Sep 15, 2021

Nukemall said:
Most of the larger bills will add a percentage for using card, and offer a reduction for dd. My feed supplier offers discount for monthly dd, or additional discount for 14 day dd.

We get the best discount for paying on delivery, which would be 2.5%

Beef farmer · Sep 15, 2021

We charge 3% to any one looking to pay with a credit card

Highland Mule · Sep 15, 2021

Business credit cards have much higher merchant fees than personal ones, so suppliers will be loathe to use them. If they aren’t, better to negotiate a 3% discount on your bill, as they will be paying more than that.

In the past, it was easy to rack up air miles etc, but getting much harder now. Never use air miles for economy flights though, only business or first class - you only save on the base fare and still have the taxes and surcharges to pay, which is most of the costs for an economy flight anyway.

lazy farmer · Sep 15, 2021

Hmm perhaps I’ll have to stick to my personal credit card but become more adventurous where I use it.
Currently we pay for
Water
Insurances
Most machinery repairs
Builder merchant
All vets bills
Sprays/seeds(mostly)
Anything bought online
The odd machinery purchase

Nukemall · Sep 15, 2021

pappuller said:
We get the best discount for paying on delivery, which would be 2.5%

Gets a bit complicated when they have made a cock up like blown in the wrong bin though.

Bald Rick · Sep 15, 2021

Flatlander said:
....... had enough back fir a week in Jamaica with the wife

D'know, if you hadn't put "Arable Farmer" under your avatar, I never would have guessed.

Flatlander · Sep 15, 2021

Bald Rick said:
D'know, if you hadn't put "Arable Farmer" under your avatar, I never would have guessed.

Lol. Didn’t travel at all when I was younger never had the time or money either. Travel to Caribbean from here during the winter is cheap,similar to a week in Spain for uk residents. We try to get away a couple of time over winter to a warm place. Cuba is the families favourite by far. Short flight and the best beaches you can find.

Irish NZ · Sep 15, 2021

It's relatively common over here with air points credit card getting air new zealand points. End up with free air travel. Some companies don't want to deal with credit cards anymore tho

Paying for stuff.

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