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Old Feb 1, 13, 3:24 am   #61
 
Join Date: Jun 2012
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Quote:
Originally Posted by silviar View Post
One way would be Office Depot vanilla visa with chase ink, then cvs vanilla reload, then bluebird...repeat until amount is reached, them pay with BB...but just wondering if there is a more direct approach...
I thought the point of the gift cards was to get credit card spend by purchasing the cards and then using the cards to pay for things you can't do by credit card. You can pay your taxes by credit card for the 2% fee, so why try to use the gift cards at all?

If bluebird will cut a check to the Dept. of Revenue for you, then maybe the bluebird idea would save you about half percent on your transaction costs.
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Old Feb 1, 13, 3:38 am   #62
 
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has anyone used BB to send a check for the tax return? what is the maximum amount someone has cut the check for. if one wer to use the WF debit /preload card as debit , what is the max amount. i think u cannot do more than $600 with WF pp. right?
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Old Feb 3, 13, 9:11 am   #63
 
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Quote:
Originally Posted by GatorBlues View Post
I thought the point of the gift cards was to get credit card spend by purchasing the cards and then using the cards to pay for things you can't do by credit card. You can pay your taxes by credit card for the 2% fee, so why try to use the gift cards at all?

If bluebird will cut a check to the Dept. of Revenue for you, then maybe the bluebird idea would save you about half percent on your transaction costs.
He's talking about buying gift cards at Office Depot with a Chase Ink card, which gets 5X points at office supply stores.

Paying taxes with credit card = 1X points

Paying taxes with gift cards purchases at Office Depot with Chase Ink: 5x points

Also, those gift cards purchases at Office Depot are debit cards, so when you pay, the fee is substantially lower (flat fee vs. % fee for CC)

Doesn't matter now though, because Office Depot is getting rid of the $500 cards.
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Old Feb 7, 13, 2:09 pm   #64
 
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What poor ....ing timing. I was about to start buying $500 gift cards this week just in case. Still worth it to do the $200 cards, but that is a lot of ....ing hassle.
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Old Feb 7, 13, 2:18 pm   #65
 
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I'm paid as a 1099 so I have a decent amount to pay.. I can go have my taxes done, enter the amount I wish to pay via the choice pay site and I'm good, correct?
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Old Feb 9, 13, 4:45 pm   #66
 
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I anticipate having some chunky tax bills this year. I was planning to give FrequentMiler's method a try (Amex GCs through BigCrumbs, then using those to purchase Visa cards on GiftCardMall, then multiple payments over the phone). I haven't done all the math, but I'm thinking that the 1.4% rebate at BigCrumbs and 1% for FatWallet (for GiftCardMall) should just about offset the fees.

Does anyone have any recent experience using this method?
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Old Feb 11, 13, 3:29 pm   #67
 
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I have paid our property tax bills online the last couple of years to meet minimum spend requirements for new cards.

I have never tried to pay Fed Taxes since this is the first year (in many) that I wasn't getting a refund.

I am looking at two new cards I'd like to use to get the bonus miles/points by paying Fed Taxes.

The question I have is once I eFile my return (next month) and go to the pay sites, is there any problem splitting the amount between two cards? I would pay X amount on one, then go back and pay the remainder on the other.

Thanks for any advice.
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Old Feb 12, 13, 8:39 am   #68
 
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Quote:
Originally Posted by Spacetime17 View Post
I anticipate having some chunky tax bills this year. I was planning to give FrequentMiler's method a try (Amex GCs through BigCrumbs, then using those to purchase Visa cards on GiftCardMall, then multiple payments over the phone). I haven't done all the math, but I'm thinking that the 1.4% rebate at BigCrumbs and 1% for FatWallet (for GiftCardMall) should just about offset the fees.

Does anyone have any recent experience using this method?
BigCrumbs doesn't pay out the 1% for purchases of Visa gift cards.

I don't think it is worth it, but you could do this: go through BigCrumbs to buy a $200 GiftCardMall GC and get $2 back (1% of $200), then use that GC to buy the $1000 Visa gift card. They won't let you apply more than one.
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Old Feb 12, 13, 2:27 pm   #69
 
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Hmm... Anyone care to comment about this idea? This is more of a "manufactured spend" idea.

My beautiful wife picked up 2 new cards recently. We've almost met the spend on a Southwest card. Now I'm turning my attention to the new Club Carlson card.

Would there be any problems with buying a $1000 VISA gift card online using the Club Carlson card, and then using that 1K gift card to pay estimated taxes? I have 3 concerns:

1. Would US Bank charge any type of cash advance fee? (I know that I have to be careful with using my Citi cards for anything that looks like a financial transaction.)
2. Would US Bank balk and shut down the credit card account? (I am hassle averse.)
3. I'm still hesitant because I don't like the idea of a $1K gift card being delivered at mid-day and then sitting on my front stoop until I come home after work. It's just too easy to steal the envelope. When you guys buy large denomination gift cards such as this, or from AmEx, is there something you do so that you feel more secure that the envelope won't get stolen?
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Old Feb 14, 13, 3:14 pm   #70
 
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I can't believe the Amex fee is under 2%. If someone wanted to, they could set their withholdings to 0 and make estimated payments on Fidelity Amex for 0.11% profit...Not enough for me to bother with though.
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Old Feb 15, 13, 3:32 am   #71
 
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Quote:
Originally Posted by tjguitar85 View Post
I can't believe the Amex fee is under 2%. If someone wanted to, they could set their withholdings to 0 and make estimated payments on Fidelity Amex for 0.11% profit...Not enough for me to bother with though.
Actually, it could be much more than .11% profit. Those fees are tax deductible for many folks including myself. My net fee is about 1.45% instead of 1.89. That would give me more than a 25% profit on the Fidelity Amex if I had one. Considering you can buy Starwood points on Starwoods site for a high 3.5 cents per point, this is where I bulk up on those points with every quarterly payment.
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Old Feb 15, 13, 3:09 pm   #72
 
Join Date: Apr 2011
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Has anyone here successfully use Bluebird to pay Property Taxes? Is it possible? I have used Bluebird to pay for my student loans and mortgage without a problem. My guess it should be possible to pay Property Taxes as well. Thanks.
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Old Feb 17, 13, 12:30 pm   #73
 
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For doing these multiple transactions, I've found that using Roboform (or presumably most other password saving applications) can make it a matter of just a few clicks to fill out and submit all the online forms. Use the option "Save forms". Without something like that, I'd have to wonder just how much money I'd be making per hour paying $500 at a time.
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Old Feb 18, 13, 7:06 am   #74
 
Join Date: Apr 2009
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Manufactured Spend to Pay Taxes?

I will have a large tax bill this year. The cheapest convenience fee to use my 1.5x Visa is 1.88%, which works out to 1.25 cents per mile.

Debit cards have a convenience fee of a straight less than $4. Is there a way to load $40,000 on a debit or prepaid card and get miles?
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Old Feb 18, 13, 11:52 am   #75
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Quote:
Originally Posted by FC ORD View Post
I will have a large tax bill this year. The cheapest convenience fee to use my 1.5x Visa is 1.88%, which works out to 1.25 cents per mile.

Debit cards have a convenience fee of a straight less than $4. Is there a way to load $40,000 on a debit or prepaid card and get miles?
WoW, that is a Huge Tax bill, I think BB max is 5k. You could see if you can do a payment plan instead of a big bulk payment.
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