Bad advice re: paying taxes w/ CC

Discussion in 'Credit Talk' started by Saar, Apr 9, 2002.

  1. Saar

    Saar Banned

    Very bad advice. It will not post as a purchase. It will post as either a cash advance or a balance transfer. Which means:

    1. You're not getting ANY points / miles.
    2. No grace period. Interest is accrued from the day they cut the check until you pay off.
    3. Since this isn't a purchase, many card issuers would also assess a transaction fee for the BT / cash advance.


    Saar
     
  2. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Thanks for the advice. Officialpayments.com was beginning to appeal to me. That was a close one.
     
  3. Pat

    Pat Well-Known Member

    Love,
    Official payments charge a surcharge on top of all the other bad things Saar listed. Federal was 2.5% of total payment. Once I got that far on the site, I decided to pay cash :(
     
  4. Saar

    Saar Banned

    Paying officialpayments.com will count as a purchase, but involves the above mentioned 2.5% processing fee.

    My original post was aimed at warning people that sending a credit card check directly to the IRS, as suggested in the article, will only get you interest and fees, not miles.


    Saar
     
  5. MikeG

    MikeG Well-Known Member

    Re: Bad advice re: paying taxes w/

    Hello Saar,

    Good to see you're still around.
     

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