All the Hacks with Chris Hutchins

Earn Points Paying Taxes with a Credit Card (+ Latest Deals/News)

6 snips
Mar 27, 2024
Learn how to earn points by using your credit card to pay taxes, even while navigating fees. Explore the latest updates in the world of points and miles, including new credit card launches and changes in rewards programs. Discover strategies for maximizing sign-up bonuses and effective point transfers for travel benefits. Additionally, gain insights on protecting your personal information against fraud while taking advantage of effective credit card tactics. This is a must-listen for anyone looking to enhance their financial savvy!
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ADVICE

Paying Taxes with Credit Cards

  • Consider using a credit card for tax payments to earn points, but be mindful of fees.
  • Evaluate if the earned points outweigh the processing fees, especially with high-bonus cards.
ADVICE

Meeting Minimum Spend with Taxes

  • Leverage credit card tax payments to meet minimum spending requirements for welcome bonuses.
  • The Hilton Aspire card's bonus and credits can offset the fees, making it worthwhile.
ADVICE

Earning Status with Tax Payments

  • Use tax payments on specific cards to earn airline or hotel status.
  • Spending $50,000 on a JetBlue card earns Mosaic status, potentially worth the cost if you fly JetBlue often.
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