Hi Guys,

I had full intentions of paying with my Charles Schwab 2% card on payusatax to not have access to that 2% for the month while I pay it; however, I just spoke with customer service and they informed me the transaction would be deemed a cash advance transaction thus imposing additional fees to the transaction from FIA's end. So I started thinking does Citi have the same rules. I had to call Citi regarding a membership fee anyways which by the way was waived for $1000 in spend for 3 months. The call with Citi the csr had to ask her supervisor and they confirmed that tax payments are considered cash transactions since it is for a balance owed. So wow... that kinda changes everything as far as paying for points.

Once that was said and done I figured I'd give ole Amex Plat a call and see what they had to say about the charges and if they had any promos running (they didn't). They said since the card is a charge card and the bill is due at the end of each month then the transaction will not be considered a cash equiv transaction. It's unfortunate because I will have to pay a higher transaction rate for the Amex transaction at pay1040 or officialpayments; however, I will be receiving triple points after my first 3k charge and since I will not be charged any crazy cash equiv fees this seems like the more attractive option.

Anyone else want to chime in on these fees from Citi or FIA Schwab 2%?

BTW, Schwab did offer a 0% balance transfer up until November, but I have zero experience with balance transfers and she said it takes a few days for the money to hit your account.

WWaFTD?