What will WaMu think when I do this?

[Anonymous]

you can file and send money later.  it won't cost that much if you pay it a week later.  I've done it many times.  They don't care as long as you file on time.

Message Edited by casinoannie97 on 04-14-2008 07:45 AM

[Anonymous]

cheddar,

I would split the money up between cards and  at the tune of 50% or less utilization on those cards.   I wouldn't put such a large amount on a new card that has no history. 

Do you have any credit card checks for your other cards and atleast one check with this Wamu card?  Send those checks totalling what you owe.

You can always file for an extension with the IRS  even though you won't need until August, 2008 to file/pay.

SandyK 

[Anonymous]

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casinoannie97 wrote:

you can file and send money later.  it won't cost that much if you pay it a week later.  I've done it many times.  They don't care as long as you file on time.

Message Edited by casinoannie97 on 04-14-2008 07:45 AM

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Cheddar, I would go with annies suggestion and not use your brand new wamu. I just got mine on saturday and it went immediately into the sock drawer. I would not use it due the the "um" and her hesitation during the phone call....

[Anonymous]

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casinoannie97 wrote:

you can file and send money later.  it won't cost that much if you pay it a week later.  I've done it many times.  They don't care as long as you file on time.

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Wouldn't that be more expensive?  I believe IRS interest is 5% per month or any portion of a month, and failure to pay penalties are 1% per month or any portion of a month.  Paying 2.49% to charge it to a CC is a lot cheaper than 6% just for the extra 7 days.

[Anonymous]

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sankofa wrote:

cheddar,

I would split the money up between cards and  at the tune of 50% or less utilization on those cards.   I wouldn't put such a large amount on a new card that has no history. 

Do you have any credit card checks for your other cards and atleast one check with this Wamu card?  Send those checks totalling what you owe.

You can always file for an extension with the IRS  even though you won't need until August, 2008 to file/pay.

SandyK 

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An extension is only an extension to file, not to pay taxes that are due.

I think I've decided I'm going to split it up.  I'll put $4K on my $9K WaMu AU card, and I'll put $6K on the new $15K WaMu in my name.

That way, one card will be at 44% and the other one will be at 40%.  Surely they won't complain too much about that. (???)

I don't have any BT checks for the new WaMu yet.

[haulingthescoreup]

I go with the suggestion to call and find a supe of some description. If this person will assure that they understand what you're doing, and that it will be OK, and they will put a note in your file as a heads-up to others, I'd get their name and employee number and go ahead and put it on the WaMu.

Your deposit ought to clear in the next week or so, right? You can then PIF the charge, and WaMu will love you forever for giving them those transaction fees, and then paying.

Although since it's a brand-new card, I would also ask the supe if there would be any hassles in doing a quick pay-off. I don't know if WaMu has any weirdness or complications about paying quickly during the first month.


edit: never mind, you posted before me! --sounds like a plan.

Message Edited by haulingthescoreup on 04-14-2008 11:51 AM

[Anonymous]

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cheddar wrote:

An extension is only an extension to file, not to pay taxes that are due

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That is correct, sorry.

You're going to get so many opinions that you won't know what to do! 

Be careful about these CRS telling you that they will make a note of your call, because the majority of them don't.  You could call back and ask the current CR to read back the note on your account to see if one exists.  This is too important of a matter to just take someone's word that they will write a note. 

I have had 50% credit utilization with WAMU at the most and with no AA.  In fact, because I paid in full that 50% so fast, WAMU has given me a CL of $8K and a lot of 1.99% balance transfer offers to well into 2009 if I care to use them.

Good luck!

SandyK 

[Anonymous]

Well, it's done.  I split it up like I said.  $4K on a $9K card, and $6K on a brand new $15K card.

I'll be holding my breath for the next 7 days.  Thanks for the advice, input, and well wishes, everyone!

[smallfry]

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@Anonymous wrote:

I got a new WaMu Real Rewards card with a $15K CL on April 2.

I have to pay approximately $10K in taxes on Tuesday. I have the cash, but it won't be available in my checking account for about another week due to the bank unexpectedly putting a long hold on a very large deposit I made.

I'm considering just charging the whole thing to my new WaMu card. It's going to cost around $250 in fees in order to do this, but I don't think I have many other options right now, due to my lack of liquid funds. BTW, in my defense, it wasn't exactly poor planning on my part. I made this deposit well in advance of when I needed the funds, but I am going round and round with the bank about why they are holding my deposit for such an unreasonably long time.

So assuming I can't get the bank to release the hold in the next two days, what will WaMu think when I make a charge of 2/3 of my CL when I've only had the card for a few days? Should I call them and warn them first?

Again, I'm not going to carry this balance. I will be able to PIF it in 7 days or so.

Any opinions?

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Cheddar my bank clears even out of state checks for me overnite. You might look into another bank possibly. The IRS will never get your check back to your bank by Friday.

[Anonymous]

may THE FORCE be with you cheddar...