If you’re anything like me, you’re always on the lookout for new ways to use your reward credit cards. Well, here’s an idea…
Why not pay your taxes with a credit card?
I know what you’re thinking… There’s always a surcharge associated with using a credit card to pay your taxes. Right? Right. But in the case of the Citi CashReturns MasterCard, you’ll still come out ahead.
Here’s the deal:
Edit: The 5% cash back promo that this deal was based on has since expired… Sorry!
At the same time, OfficialPayments.com will allow you to pay your taxes with a credit card in return for a processing fee of 2.49%. That leaves a spread of 2.51% for you to pocket. And the credit card rewards are totally tax free.
If you owe $10,000 in taxes and pay them with this card, you’ll pocket $251 for do nothing more than putting that payment on your credit card instead of sending a check.