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MoBi
U POSTER
Joined: 08 Feb 2008
Posts: 38
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 Posted: Tue Feb 26, 2008 12:35 pm Post subject: Is Paying Taxes with your Credit Card Rewarding? |
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Hi guys,
I've heard that some people paying their taxes by using their rewards credit cards. So, you can pay off your taxes and get points from your reward credit card. Is it really rewarding? Is there any fees for paying taxes with a credit card?
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Claudia
U POSTER
Joined: 11 Feb 2008
Posts: 39
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| Posted: Tue Feb 26, 2008 4:08 pm Post subject: |
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| i've heard something about that. but wouldn't it be treated as cash advance? if so then it may not be a good idea 'cause some banks will charge you for that. but i'd like to know more about it, may be a good option if we can make some bonus points on this deal! |
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malina
Joined: 04 Feb 2008
Posts: 25
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| Posted: Thu Feb 28, 2008 8:43 am Post subject: |
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Hi there,
I am familiar with this crap.
To get rewards points and air miles by charging your taxes on your reward credit card is rarely as rewarding as you might think.
you’ll pay for the ease of paying your taxes by credit card with a 2.49% convenience fee. This fee isn’t charged by the Internal Revenue Service. It’s charged by credit card service providers 
Let’s say your card pays you 1% cash rebate for every dollar you spend with the card. By charging your $2,000 tax bill, you’d earn $20 cash back, but that’s more than offset by the $49.80 convenience fee.
Paying an extra $49.80 to earn $20 doesn’t make a lot of sense does it? |
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Claudia
U POSTER
Joined: 11 Feb 2008
Posts: 39
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| Posted: Thu Feb 28, 2008 10:19 am Post subject: |
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| aren't there credit cards with free cash advance? for at least 3-6 months? those would be a nice thing to have if you end up using your credit card to pay taxes. now, i'm thinking, a friend of mine used a credit card to pay his taxes last year. i mosdef think he knows about them. i'll see what he says. |
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cardexpert
Joined: 04 Feb 2008
Posts: 21
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MoBi
U POSTER
Joined: 08 Feb 2008
Posts: 38
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| Posted: Wed Mar 12, 2008 4:29 pm Post subject: |
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| Quote: |
Your best bet is to charge your taxes to a rewards credit card with a 0% introductory APR for new purchases. The longer this teaser rate lasts the better – a 0% offer for a year or more would be ideal.
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you’ll pay for the ease of paying your taxes by credit card with a 2.49% convenience fee. This fee isn’t charged by the Internal Revenue Service. It’s charged by credit card service providers
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Thank you all. It seems like it is a good idea to pay taxes with rewards credit card if it is still in intro APR period.
Ofcause, it has its cons, but if you really need help of "plastic" in paying taxes it could be a variant to use rewards credit card. So, you pay your taxes and earn rewards.
GREAT! |
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tonymaffoy
Joined: 02 Dec 2008
Posts: 3
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| Posted: Wed Dec 03, 2008 12:46 am Post subject: no you will not get rewarding points |
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| you can not get rewarding points by paying taxes with the help of credit cards. |
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admin
Site Admin
Joined: 03 Oct 2007
Posts: 184
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| Posted: Thu Dec 04, 2008 12:23 am Post subject: |
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| You are probably right. It should be considered cash advance, rather than a purchase (which would be the case for reward points). Let me check my resources and get back with you on that. |
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alexrobort
Joined: 05 Sep 2011
Posts: 27
Location: canada
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| Posted: Tue Sep 06, 2011 10:28 pm Post subject: |
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hello friend, can you tell me about which company give credit card with lowest interest
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alexrobort
Joined: 05 Sep 2011
Posts: 27
Location: canada
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| Posted: Tue Sep 06, 2011 10:31 pm Post subject: |
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what is APR period?
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versi467mbz
Joined: 19 Sep 2011
Posts: 1
Location: England
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| Posted: Mon Sep 19, 2011 10:39 pm Post subject: |
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alexrobort
Joined: 05 Sep 2011
Posts: 27
Location: canada
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| Posted: Mon Sep 19, 2011 11:51 pm Post subject: some advice |
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you want to know more information about credit card please see this website
creditcardhelperzonedotnet
[link]
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