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-   -   Tax Payment Bonus Thread (https://www.flyertalk.com/forum/milesbuzz/527045-tax-payment-bonus-thread.html)

itsme Apr 28, 2006 8:49 pm

delay in posting UA "bonus" miles like that with SPG AmEx "bonus" points?
 

Originally Posted by swag
Yes, base points with the next monthly bill; bonus points 1-2 months later.

Does this answer pertain to miles for tax payments made with United Visa too, or only to ones done with SPG AmEx? I see miles = $s for taxes in my UA MP account now, but not the additional ones I expect to get with this "double miles" offer. Why should "base points" (why distinguish "base" from "bonus," any practical significance to such a distinction?J) credit with the next monthly bill, but "bonus points" only credit 1-2 months later? Is there some "logic" to this, perhaps relating to how they handle the accounting of them? (I am a relatively new SPG AmEx card holder and have not looked into the status of my points from tax payment with it yet, only the miles from that portion of my taxes paid with UA Visa.)

itsme Apr 28, 2006 9:00 pm

paying taxes with UA Visa vs SPG AmEx vs CitibankAA
 
The "double miles" promo with UA Visa is continuing, so should be able to pay quarterly fed and other taxes throughout the year. And no cap on amount eligible for the double miles!

"Double miles" deal with SPG AmEx was capped at $5K, and offer was to end 4/17/06, so not there for payment of taxes at a later time.

CitibankAA "double miles" deal cheaper than UA Visa and SPG AmEx ones (1.99% vs. 2.49% "convenience fees"), but I don't hold that card, nor participate in AA FFP, so don't know more. Is CitibankAA double miles promo still open, so might pay taxes with it later in year?

So...will these "double miles" deals be continuing or recurring opportunities? (If AA one still there, I will look into that card and possibly use it to build miles with AA.) Any other twists or wrinkles to these deals, which seem to me very good? Are there other cards to consider for this purpose, that is accruing substantial miles at very reasonable prices? (I wonder if WSJ coverage boosted use of the cards for tax purposes. Would an increase in their use for this purpose be a good thing for us, perhaps encouraging more competition among card companies to get still more business, with added inducements, like lowered "convenience fees"?)

dhuey Apr 30, 2006 6:21 pm


Originally Posted by itsme
...So...will these "double miles" deals be continuing or recurring opportunities? (If AA one still there, I will look into that card and possibly use it to build miles with AA.) Any other twists or wrinkles to these deals, which seem to me very good? Are there other cards to consider for this purpose, that is accruing substantial miles at very reasonable prices? (I wonder if WSJ coverage boosted use of the cards for tax purposes. Would an increase in their use for this purpose be a good thing for us, perhaps encouraging more competition among card companies to get still more business, with added inducements, like lowered "convenience fees"?)

I think they will. This is cash now, travel later for United, Delta and others. At about 1.3 cents per mile, they are essentially selling miles to the retail public at wholesale prices. It's smart for them, and often smart to buy them (depending on one's abilty to make good use of the miles).

dave209 May 1, 2006 5:13 pm

American Express Bonus Miles
 
I have a Delta Plat. Amex and charged about $128,000... I had to send in a check and have it post to my account before I could make the chrage... Waiting for my bonus miles :)

dhuey May 1, 2006 6:17 pm


Originally Posted by dave209
I have a Delta Plat. Amex and charged about $128,000... I had to send in a check and have it post to my account before I could make the chrage... Waiting for my bonus miles :)

I hope you're a DL elite. I have that same card and am limited to 100k bonus miles per year. While I'm not sure, I think there is a higher limit, or no limit, for certain DL elites.

wintermom May 2, 2006 8:53 am

I will have a large (one time) capital gains tax estimated payment due for
2nd Quarter 2006. Any bonus mile offers still out there?

I don't use United but I do AA, starwood, even GMAC?

I hate to just send in the check to the IRS without taking a little of the
sting out by getting some bonus.

itsme May 2, 2006 3:58 pm


Originally Posted by wintermom
I will have a large (one time) capital gains tax estimated payment due for
2nd Quarter 2006. Any bonus mile offers still out there?

I don't use United but I do AA, starwood, even GMAC?

I hate to just send in the check to the IRS without taking a little of the
sting out by getting some bonus.

Look into the CitibankAA card deal (see earlier posts in this thread). No true "bonus" for doing your civic (and legal) duty of paying taxes, but you will be able to acquire AA miles at 1 cpm, which is pretty good, especially if you have a use for miles.

toomanybooks May 3, 2006 5:49 am


Originally Posted by itsme
Look into the CitibankAA card deal (see earlier posts in this thread). No true "bonus" for doing your civic (and legal) duty of paying taxes, but you will be able to acquire AA miles at 1 cpm, which is pretty good, especially if you have a use for miles.


The slip I received with my AA Mastercard CC statement describing the 1.99% AA deal says it expired 4/17/06.

Is there another such offer?

pinniped May 3, 2006 8:27 am


Originally Posted by blase
So I used my Starwood AmEx to pay for my taxes, paid them on April 15th. Got the $1,112 base dollars as part of my monthly statement. However, I have not seen the additional 1112 points post to my Starwood account yet. Does this typically take a few weeks to post?

Same thing happened to me. My "normal" posting just hit. I seem to recall in the T's & C's that the bonus points take 6-8 weeks to hit. Unfortunately I owed The Man quite a bit this year, so it's an extra 5k for me. :mad:

vindesante May 3, 2006 9:54 am

Only available once a year
 

Originally Posted by toomanybooks
The slip I received with my AA Mastercard CC statement describing the 1.99% AA deal says it expired 4/17/06.

Is there another such offer?

The double miles are only in conjunction with the annual IRS filing, hence the expiration -17 April. This will probably be around next year, as it has been an annual event for a few years now.

wintermom May 3, 2006 4:33 pm

SAdly, I think our CPA is going to inform me the estimated tax payment
must be made this summer. I assume just putting it on my CitibankAA
or GMAC card would not be worth the fee they change since I won't be
getting double or bonus miles. :

dhuey May 3, 2006 5:32 pm


Originally Posted by wintermom
SAdly, I think our CPA is going to inform me the estimated tax payment
must be made this summer. I assume just putting it on my CitibankAA
or GMAC card would not be worth the fee they change since I won't be
getting double or bonus miles. :

Yes, the consensus here is that paying retail (about 2.6 cpm) only makes sense when you're trying to top off a balance to get to an award level.

wintermom May 4, 2006 7:55 am

Thanks for the help, I guess there's no happy way to pay the IRS. :rolleyes:

itsme May 4, 2006 8:31 am


Originally Posted by wintermom
Thanks for the help, I guess there's no happy way to pay the IRS. :rolleyes:

There is a relatively happy one (2.49% rather than 1.99%) if you do it through a UA Visa card, since they will give you double miles for taxes payments made at any time of year.

wintermom May 4, 2006 9:58 am

Thanks but isn't UA United Airlines?
They don't fly out of the city I live in so I have never been in their FF
program.


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