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re: Paying my taxes with a credit card

Posted on 3/24/13 at 9:51 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/24/13 at 9:51 pm to
quote:

Like I said, I did the math and even with the 2.4 % fee I'll come out on top considering the promotion I get from the credit.card spending x amount of dollars in the first few moths. I'll basically get a free plane ticket despite the fee I will pay.


You realize you can do this anytime of the year? This maneuver has nothing to do with taxes, it's just charging today's expenses and making sure you can pay back after 12 months.

There's no real reason to pay the extra fee.
Posted by rintintin
Life is Life
Member since Nov 2008
16227 posts
Posted on 3/24/13 at 10:25 pm to
Yes, but again I'd rather have the cash on hand and spread out the payment over the year. The rewards are just an extra perk in this situation.
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