Suggestions / Discussion of Paying HOA fee/assessment with a credit card
Apr 14, 2024, 3:20 pm
#1
Original Poster
Join Date: May 2011
Posts: 89
Suggestions / Discussion of Paying HOA fee/assessment with a credit card
We have just gotten a big assessment for the roofing project at our HOA. Combined with our HOA dues, the monthly charge will be $1400 for the next 32 months.
Currently pay using Chase Bill pay and the bank makes an electronic funds transfer with no fee. Our management company is just now offering the ability to pay by credit card via their unique website set up by cincwebaxis.com that does this for HOAs. But the monthly fee would be $45.50 which is 3.25%.
Seems like the 3.25% fee would negate most of the points earning value. We only fly 2x/year and do redeem for J. (retired seniors who were never road warriors).
Our miles/points are mostly Chase UR or Amex MR. Have the Freedom Unlimited. Do have the Citi Double Cash (downgrade/product changed from AA card) which I don’t use and it’s my only CITI card (just put a small charge on it last week since CITI said they would cancel it EOM if I didn’t).
Advice? Is there any sense to doing this? A card that could work? Is BILT the better option?
Have read a bit about BILT, but somewhat confused as to the process.
Currently pay using Chase Bill pay and the bank makes an electronic funds transfer with no fee. Our management company is just now offering the ability to pay by credit card via their unique website set up by cincwebaxis.com that does this for HOAs. But the monthly fee would be $45.50 which is 3.25%.
Seems like the 3.25% fee would negate most of the points earning value. We only fly 2x/year and do redeem for J. (retired seniors who were never road warriors).
Our miles/points are mostly Chase UR or Amex MR. Have the Freedom Unlimited. Do have the Citi Double Cash (downgrade/product changed from AA card) which I don’t use and it’s my only CITI card (just put a small charge on it last week since CITI said they would cancel it EOM if I didn’t).
Advice? Is there any sense to doing this? A card that could work? Is BILT the better option?
Have read a bit about BILT, but somewhat confused as to the process.
Apr 14, 2024, 7:11 pm
#2
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold (BIS), AA LT Plat (CC SUBs & BD), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 3,290
. Participants on that thread are as gracious and helpful as those on any FT thread. Presuming credit card approval is probable for you, go for it, you can thank me 
in a few months after you've received points for your HOA payments for $0.00 fee. Start thinking about Bilt's quasi-SUB now, if you get the card and you're offered the quasi-SUB you'll only have 5 days to maximize it.
Apr 15, 2024, 10:27 am
#3
Original Poster
Join Date: May 2011
Posts: 89
Dr Jabadski Thank you. Looks like I have a lot of reading to do. I should be able to be approved for the card. So I will carefully read through that thread,
TIA.
TIA.
Apr 16, 2024, 7:36 pm
#4
Join Date: Dec 2023
Location: SEA
Posts: 19
BoA might be able to code it under either Travel or Online Shopping. With a CCR and with Platinum Honors, you can get a 2% net on this but you would need 2 CCRs per quarter to compensate for the $1400 monthly pay. However, needing multiple CCRs and PH status would be a lot more hoops to jump through than going with Bilt only.
I had online property rent portals count as either online shopping or travel when paying rent with my CCR. Also didn't have problems getting Travel category on my BoA PR when paying HOA dues overseas.
I had online property rent portals count as either online shopping or travel when paying rent with my CCR. Also didn't have problems getting Travel category on my BoA PR when paying HOA dues overseas.
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