@Anonymous wrote:
@red259 wrote:
@TravellingNomad wrote:When I was approved for the CSP in January last year, I waited until late February to complete my min spend requirement for the signup bonus. I initiated an estimated payment for my personal income taxes (half of the amount for state and the other half for federal). When the payment posted on my account a week later, I filed my taxes. About a month later, I received the whole amounts back as a refund via direct deposit. The same day I got the refunds, I turned around and paid the card in full. Spend requirement for signup bonus met...easy peasey!
This is the reason why I tend to apply for rewards card during the 1st quarter of the year.
Keep in mind there is a fee for paying taxes with credit cards which really cuts into the profit. Of course, sometimes that is worth it that is the only way your going to make the min spend.
But the rebate of the reward far outweighs this.
True, but if you can meet the spend in some other way you will have a much larger reward. I consider it more of a last resort to meet min spend.
;
@red259 wrote:
@Anonymous wrote:
@red259 wrote:
@TravellingNomad wrote:When I was approved for the CSP in January last year, I waited until late February to complete my min spend requirement for the signup bonus. I initiated an estimated payment for my personal income taxes (half of the amount for state and the other half for federal). When the payment posted on my account a week later, I filed my taxes. About a month later, I received the whole amounts back as a refund via direct deposit. The same day I got the refunds, I turned around and paid the card in full. Spend requirement for signup bonus met...easy peasey!
This is the reason why I tend to apply for rewards card during the 1st quarter of the year.
Keep in mind there is a fee for paying taxes with credit cards which really cuts into the profit. Of course, sometimes that is worth it that is the only way your going to make the min spend.
But the rebate of the reward far outweighs this.
True, but if you can meet the spend in some other way you will have a much larger reward. I consider it more of a last resort to meet min spend.
The fee wasn't that bad. I think i paid about $30. I didn't mind the fee because i still came out ahead. Was able to take the kids to enjoy the snow up in lake tahoe for a few days for the cost of the tax payment convenience fee.
OP, your school does not allow you to pay tuition with a CC?
If there's a discussion or hesitation regarding whether a practice is MS or not, it most likely is.
