Death. Taxes. Mileage points.
While all of these may be inevitable, blending the last two don’t go together (actually, blending the first one with anything isn’t such a hot idea either).
According to a story in the NY Times business section, it’s becoming increasingly popular to pay your tax bills with plastic. Why? The miles of course.
But it turns out that 1.57 million people might be wrong. “Jim Tehan, a spokesman for Myvesta.org, a credit counseling Web site, summed up the feeling of most credit counselors on this point: ‘It’s absolutely ludicrous to use your credit card for taxes to rack up points.’”
The rub is that the IRS charges a 2.49 percent “convenience fee” for processing the credit card. According to Miles or Buy, that’s WAY too high a price to pay for miles.
So when you render unto Caesar today, take out the checkbook and resist this opportunity to turn it into a mileage run.
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April 17th, 2006 at 10:19 am
Ah yes but my bank (Bank of America) offers Visa Debt Cards like most banks but for $20 a year it can be an Alaska Airlines Visa Debt card. I get miles for using but it comes out of my checking account so Im not piling up debt!