4 ms·
If you have regular rewards card, like 1%-1.5%, sure. But if you have 3% or 5% (I don't know of any card that does it on taxes specifically, but there might be
by smsm42 8y ago
If you have regular rewards card, like 1%-1.5%, sure. But if you have 3% or 5% (I don't know of any card that does it on taxes specifically, but there might be ones where it fits some of the categories) or if you need to fulfill requirement like "spend $X000 in N months and get tons of points" then even with the transaction fee it might actually be a pretty good deal.
- koolba 8y agoI’ve never seen a 5% rewards card for generic purchases. Does that exist?
- toomuchtodo 8y agoOnly for rotating spend categories. Sometimes you have to jump through hoops to activate those categories.
- astura 8y agoThe BBVA NBA AMEX used to earn 5% cash back twice a year. I would pay six months worth of phone, internet, insurance, etc upfront during that time. The 5% was eventually capped and the card no longer exists.
- 001spartan 8y agoThe Amazon Prime Visa gives 5% back on Amazon purchases.
- smsm42 8y agoNot 5% for everything, but "5% in our store" are common (Amazon, Best Buy, Lowes, etc.) and of course tons of cards do categories, so I can't exclude the case where however the service is classified (I have no idea... is there a category for government payments?) it fits one of the categories. In fact, some card might even run it as a promotion - with suitable limits, it's no more expensive than any other 5% deal...