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Paying Taxes with Credit Cards

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lexrjSD
Regular Contributor

Paying Taxes with Credit Cards

Has anyone paid taxes with their CCs?

The payment processors charges around 1.87% for most cards, it's not bad. I could charge on my Arrival + and still be ahead.....

Thoughts?

 

CC processors

 

WALLET: Amex BCP 25K | Barclay Arrival Plus 27K | Chase Reserve 20K |
Amex SimplyCash 50K

FICO: EX 812 | EQ 815 | TU 815
Message 1 of 8
7 REPLIES 7
bigbang91
Established Contributor

Re: Paying Taxes with Credit Cards


@lexrjSD wrote:

Has anyone paid taxes with their CCs?

The payment processors charges around 1.87% for most cards, it's not bad. I could charge on my Arrival + and still be ahead.....

Thoughts?

 

CC processors

 


So you will earn 0.33% cash back essentially? And be careful, if you e-file ur tax, the fee is 2.49% min

Message 2 of 8
Anonymous
Not applicable

Re: Paying Taxes with Credit Cards

Nothing wrong w it.
Message 3 of 8
kdm31091
Super Contributor

Re: Paying Taxes with Credit Cards

You can do it, but the benefit, as pointed as, is next to nothing after fees.
Message 4 of 8
taxi818
Super Contributor

Re: Paying Taxes with Credit Cards

Just paid my with my delta n I just got the miles. Better than nothing. Big hefty bill so I have to take time and pay. Did not want government hounding me. And for sure not a tax lien. So I paid it. 

Message 5 of 8
Anonymous
Not applicable

Re: Paying Taxes with Credit Cards


@lexrjSD wrote:

Has anyone paid taxes with their CCs?

The payment processors charges around 1.87% for most cards, it's not bad. I could charge on my Arrival + and still be ahead.....

Thoughts?

 

CC processors

 


i have been doing it for years with no problems..

Message 6 of 8
Involver
Valued Contributor

Re: Paying Taxes with Credit Cards

There is no reason not to if your rewards earned are worth more than the 1.87% fee.
Message 7 of 8
B335is
Moderator Emeritus

Re: Paying Taxes with Credit Cards

I did it last year. $6k charge, no issue.
Message 8 of 8
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