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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Paying county taxes with credit card (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/paying-county-taxes-credit-card-312445/)

NY2TV 10-28-2020 07:48 AM

Unless you are getting an added bonus for having a new card, for most people paying by credit card is not the prudent thing to do. Even if your bill is only $3,000 you will pay a $75 convenience fee. Most credit cards get no more than 2% cash back which would be $60. So it is costing you $15. If you have the money in the bank (which I assume those of you who are paying the balance in full do) then just use the savings to pay the tax bill and save $15. If you don't have an escrow account, I suggest you open a separate bank account (one with no fees) and start putting 1/12th of your tax payment in account each month.

EdFNJ 10-28-2020 08:09 AM

Quote:

Originally Posted by NY2TV (Post 1853348)
Unless you are getting an added bonus for having a new card, for most people paying by credit card is not the prudent thing to do.

Absolutely 100% correct however the first post in this thread was referring to an $800-$1000 bonus with a Chase Sapphire Preferred credit card after $4000 spend as a reason for paying taxes with a credit card. As usual message threads go way off the original track because people rarely read beyond the first few posts.


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