AMEx to pay taxes

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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gangof4
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AMEx to pay taxes

Postby gangof4 » Tue Aug 17, 2010 8:39 pm

Has anyone ever used Am Ex to pay your property taxes or IRS taxes? Good idea or not?


jeffysdad
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Postby jeffysdad » Wed Aug 18, 2010 10:01 am

No, but the taxing authority would probably tack on a surcharge to cover the interchange fee and then some, like the fed govt. does.

BTW, "gangof4," is it in homage to the band?
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

gangof4
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Postby gangof4 » Sun Aug 22, 2010 6:54 pm

Actually it's a reference to Mao's wife (Jiang Qing) who was part of a conspiracy during the Cultural Revolution in China. I teach politics at a college so it is sort of a tongue-in-cheek nom de guerre.

jeffysdad
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Postby jeffysdad » Mon Aug 23, 2010 7:38 am

Ok, duh. Should have known it was something like that. Check out the band (if you haven't already), whose name is obviously (to me now) a reference to the same. Might want to bring it up in class some day ("hey, the prof is cool.).
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Cucumber
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Postby Cucumber » Mon Aug 23, 2010 7:41 pm

THere is a company called Official Payments that charges 2.35% surcharge for tax payments with any major card (Visa/MC/Amex/Discover) and another one called pay1040 that charges the same (but didn't hear of that one until finding it now). I wouldn't do it bec the rewards you are getting are only around 1%.
OBAMA
Stop talking crap about him!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Fri Aug 27, 2010 6:58 pm

For 1% rewards I would never use an American Express to pay taxes. With a 2% cash back card it may be tempting, but you would still be throwing away 0.35%.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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