Best Credit Card to Pay Taxes - Timeshare Users Group Online Community Forums

SamH · March 17, 2009, 10:23 PM

Can anyone recommend a credit card that provides points or miles that make it worthwhile to pay income taxes with the card. If I recall correctly, I think the fee for paying by credit card is about 2.5%. In the past, American Express offered double points in their membership rewards program. I did not think the points were worth the fee so I paid by check.

Are there any cards that provide regular or enhanced benefits that make paying the fee worthwhile?

Thanks.

Sam

dioxide45 · March 17, 2009, 10:32 PM

If you can find a card that rewards more than the fee to pay by CC, then it would be a good idea. Unfortunately not many cards meet the criteria and it usually costs you more than it earns in rewards.

Talent312 · March 17, 2009, 11:05 PM

Sorry... not for income taxes.
OTOH, I've used one in Florida for residential property taxes (not incl. in MF's), since they're discounted if paid early and I would've otherwise waited a few months to cough up the cash.

Skinsfan1311 · March 18, 2009, 12:46 PM

We use a Costco AMEX card and get a cash rebate check every February.

3% rebates on gas. 3% on dining 2% on travel and 1% on everything else.

I may have the percentages between the dining & travel mixed up though...

March 17, 2009, 10:23 PM	#1
SamH TUG Member BBS Reg. Date: Jun 9, 05 Location: Alpharetta, GA Posts: 70 Resorts: Smugglers Notch, RHC Points, Wyndham Points	Best Credit Card to Pay Taxes Can anyone recommend a credit card that provides points or miles that make it worthwhile to pay income taxes with the card. If I recall correctly, I think the fee for paying by credit card is about 2.5%. In the past, American Express offered double points in their membership rewards program. I did not think the points were worth the fee so I paid by check. Are there any cards that provide regular or enhanced benefits that make paying the fee worthwhile? Thanks. Sam

March 17, 2009, 10:32 PM	#2
dioxide45 TUG Member BBS Reg. Date: May 20, 06 Location: Ohio Posts: 2,935 Resorts: Marriott's Grande Vista, Marriott's Harbour Lake	If you can find a card that rewards more than the fee to pay by CC, then it would be a good idea. Unfortunately not many cards meet the criteria and it usually costs you more than it earns in rewards. __________________ Grande Vista owners, visit the owners group at http://groups.yahoo.com/group/GVnewsgroup/ Marriott TS ROFR Database: http://dioxide45.tripod.com/rofr.html

March 17, 2009, 11:05 PM	#3
Talent312 TUG Member BBS Reg. Date: Jul 4, 07 Location: North Florida Posts: 2,042	Sorry... not for income taxes. OTOH, I've used one in Florida for residential property taxes (not incl. in MF's), since they're discounted if paid early and I would've otherwise waited a few months to cough up the cash. __________________ ... Member, Gator Nation ("Go Gators") Last edited by Talent312 : March 17, 2009 at 11:10 PM.

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March 18, 2009, 12:46 PM	#4
Skinsfan1311 TUG Member BBS Reg. Date: Mar 5, 06 Location: Maryland Posts: 226	We use a Costco AMEX card and get a cash rebate check every February. 3% rebates on gas. 3% on dining 2% on travel and 1% on everything else. I may have the percentages between the dining & travel mixed up though...