BlisPay to the rescue

[Method2Madness]

Yeap. I'm in VA too (unfortunately) and am expecting the PPT bill any minute. Think I'm going to use my NFCU CR Visa to pay, as it will help me get to the $3000 spend to get my $200.

Ps. I hate Virginia.

[SisterGirl]

Great post !

I've only used mine recently to purchase a KitchenAid mixer for my sister (cashback w/6 months to pay) & your post has gave me thought for my property tax as well.

[bz386]

Here's an alternative solution. You know that your taxes will be roughly $1200 per year (for example). You setup a savings account and setup automatic transfers from checking to savings for $100 per month. When taxes are due, you pay them out of savings.

[Gmood1]

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@bz386 wrote:
Here's an alternative solution. You know that your taxes will be roughly $1200 per year (for example). You setup a savings account and setup automatic transfers from checking to savings for $100 per month. When taxes are due, you pay them out of savings.

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Even better save it in a high interest checking or savings account and still use the Blispay to cover it. You'll get something back other than just paying it out of a basic savings account.

[austinguy907]

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@bz386 wrote:
Here's an alternative solution. You know that your taxes will be roughly $1200 per year (for example). You setup a savings account and setup automatic transfers from checking to savings for $100 per month. When taxes are due, you pay them out of savings.

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Planning and preparation???   What in the world are you thinking?  This is the land of credit and high limits!!!!

j/k... I already do this instead of relying on a non-interest escrow account with bi-weekly transfers and make a couple of bucks a year this way.  Adds up when you're paying $8K/yr in property taxes.

[pipeguy]

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@bz386 wrote:
Here's an alternative solution. You know that your taxes will be roughly $1200 per year (for example). You setup a savings account and setup automatic transfers from checking to savings for $100 per month. When taxes are due, you pay them out of savings.

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One thing about virginia's PPTx, it's assessed in January based on "fair market value" whatever that is, billed at the end of August and due by October 5th - you have no real idea what your bill is until August to "save". 

I have liquid assets and I have savings and I have everyday funds. My real estate taxes run almost $5000 a year, those taxes are paid through my mortgage payment, as are my income taxes State and Federal through payroll witholding. "High interest" savings accounts today pay 1% or $10 per year on a $1000 balance, less if its $100 a month for 12 months ($100, $200, $300 .... account balance) $500 to $1000 a year comes from everyday cash flow, the $1000 I put on Blispay netted $20 in rebate 2% back and 6 months to pay - the $20 is more back than the $10 or $12 I'd have in "earnings from tying up funds for a year. 

Anyway, the point of my post was just to say that in this case, this time, for me - the use of Blispay was helpful & profitable and will be paid in full in December which is a "proper" or useful way to use the benefits a card offers you.