[FG111]

At least in Sumter County, starting today on 10/26/2020, you will be able to view and pay your 2020 tax bill and if paid in full by November 30, a 4% discount is applied.

Currently Chase is offering 80,000 Bonus Points ($1,000 towards travel) w/ $4,000 spent on purchases in the first 3 months of account opening for the Chase Sapphire Preferred® Card. Annual fee is $95. Excellent credit is required. The typical $8000 tax bill would incur a $200 credit card convenience fee charged by the county. Many other credit cards are posting similar deals, check slickdealsdotnet. ( $300 cost for $1000 travel credits. )

For those of us who are without an escrow account, would paying your taxes with a credit card make sense?

[flusher]

I believe Sumter Cty. charges a 2 % service fee when paid with a CC, read your bill carefully

[retiredguy123]

Originally Posted by flusher

I believe Sumter Cty. charges a 2 % service fee when paid with a CC, read your bill carefully

No. The fee is 2.5 percent.

$8,000 x 0.025 = $200.

[charlieo1126@gmail.com]

Hmmm great credit card ??? $95 a year fee ( not so great I think) Bank of America no fee average a $1,000 to $2,000 cash back each year , they take out full payment every month from credit union , 50,000 limit 12 years never paid a dime in interest

[davem4616]

I've looked at doing this in the past...I have a card that gives me 2% back on everything...with the carrying fee for using a credit card it would basically be a wash...

I always used a credit card and earned points when making college tuition payments for the kids ....racked up a lot of miles and hotel points in that era

the nice thing about earning points is that they are not taxable...but at this point in my life I'd rather have the cash back and spend it the way I choose vs. being locked into points...(we like B&B's and Inns better anyway)

The interest rates on new CD's and money markets are a joke currently...but there are opportunities to make money on our every day expenditures

the AMEX Blue Cash Preferred Card offers 6% back on supermarket purchases (capped at $6K spent annually) and 3% back at gas stations (IMHO the monthly 20% savings on a $50 dollar gas card at Publix is still the best deal) and if you spend $3K in the first 6 months you get $300...there is an annual $95 fee...everything else is 1%...so I'll continue to use my 2% cash back card for everything else

paying the Florida taxes on the earliest date and saving 4% is a no brainer...might not be possible if you have an escrow account...but you could certainly have that conversation with your bank

[Stu from NYC]

We have the Sapphire card and the miles we got when getting it and than the annual pass to the United Club made it worth the annual fee.

In fact we each now have our own card. However since we have not flown in the past year not as attractive and plan to have conversation with Chase about the annual fee when it next comes up. Hopefully they will agree to waive it when I tell them I am about to cancel card.

My preferred card these days is a Sams m/C that only gives 1% on everyday stuff but 3% on travel and have racked us some nice cash back on our travel stuff.

Will do the math when we get our first Sumter county bill and decide what to do.

[Mrprez]

Originally Posted by Stu from NYC

We have the Sapphire card and the miles we got when getting it and than the annual pass to the United Club made it worth the annual fee.

In fact we each now have our own card. However since we have not flown in the past year not as attractive and plan to have conversation with Chase about the annual fee when it next comes up. Hopefully they will agree to waive it when I tell them I am about to cancel card.

My preferred card these days is a Sams m/C that only gives 1% on everyday stuff but 3% on travel and have racked us some nice cash back on our travel stuff.

Will do the math when we get our first Sumter county bill and decide what to do.

You can go on line and see your bill right now.

[EdFNJ]

I just paid with taxes my card. Cost me 2% (sorry, it is 2.5% my very bad!) fee and no interest since I already paid it off but it gets me $850 in cash "bonus" minus the 2% (sorry, it is 2.5% my very bad!) Sumter courtesy fee and $95 fee for the card which I will cancel after the year.. Was well worth it to net $684.87 and now my wife will do the same. We have had well over 200 credit cards in the last 15 years 95% of which we have canceled, never paid a penny of interest, netted many thousands of $$$$ and our Fico scores are still in the mid 800's. There is a whole "industry" devoted to doing this. This was a Chase Sapphire Preferred card with 80,000 point ($800 cash or $1000 travel) bonus after $4K spend

My "everyday" goto card is the 2% Citi Bank double cash (no fee).

Chase rarely will waive a fee these days but if you are getting only 1% and paying a fee, dump it, you can do a LOT better.

[retiredguy123]

Originally Posted by EdFNJ

I just paid with taxes my card. Cost me 2% fee and no interest since I already paid it off but it gets me $850 in cash "bonus" minus the 2% Sumter courtesy fee and $95 fee for the card which I will cancel after the year.. Was well worth it to net $700+ and now my wife will do the same. We have had well over 200 credit cards in the last 15 years 95% of which we have canceled, never paid a penny of interest, netted many thousands of $$$$ and our Fico scores are still in the mid 800's. There is a whole "industry" devoted to doing this.

My "everyday" goto card is the 2% Citi Bank double cash (no fee).

Chase rarely will waive a fee these days but if you are getting only 1% and paying a fee, dump it, you can do a LOT better.

According to the Sumter County website, the fee to pay by credit card is 2.5 percent, not 2 percent.

[CWGUY]

[EdFNJ]

Originally Posted by retiredguy123

According to the Sumter County website, the fee to pay by credit card is 2.5 percent, not 2 percent.

OMG, Dang Me! Why thank you! Yes it was! I will have to readjust my net amount by $15 from $60 to $75. I sit corrected.

[Stu from NYC]

Originally Posted by EdFNJ

I just paid with taxes my card. Cost me 2% (sorry, it is 2.5% my very bad!) fee and no interest since I already paid it off but it gets me $850 in cash "bonus" minus the 2% (sorry, it is 2.5% my very bad!) Sumter courtesy fee and $95 fee for the card which I will cancel after the year.. Was well worth it to net $684.87 and now my wife will do the same. We have had well over 200 credit cards in the last 15 years 95% of which we have canceled, never paid a penny of interest, netted many thousands of $$$$ and our Fico scores are still in the mid 800's. There is a whole "industry" devoted to doing this.

My "everyday" goto card is the 2% Citi Bank double cash (no fee).

Chase rarely will waive a fee these days but if you are getting only 1% and paying a fee, dump it, you can do a LOT better.

Not using the Chase card these days so nothing to lose by waiting until they bill us for the fee.

Sams card remains our go to card. However if not going to spend much on traveling continues we will consider a better card.

We did like the free access to their lounge vis Chase. Great when we have long wait between flights especially coming home from Europe. That is worth a lot to us.

[Timothyimitchell]

The Citi Costco card is my cash back card. Great deal. Especially if shopping Costco.

[EdFNJ]

Originally Posted by FG111

At least in Sumter County, starting today on 10/26/2020, you will be able to view and pay your 2020 tax bill and if paid in full by November 30, a 4% discount is applied.

Currently Chase is offering 80,000 Bonus Points ($1,000 towards travel) w/ $4,000 spent on purchases in the first 3 months of account opening for the Chase Sapphire Preferred® Card. Annual fee is $95. Excellent credit is required. The typical $8000 tax bill would incur a $200 credit card convenience fee charged by the county. Many other credit cards are posting similar deals, check slickdealsdotnet. ( $300 cost for $1000 travel credits. )

For those of us who are without an escrow account, would paying your taxes with a credit card make sense?

Yes, that is what I just did, same card, got it last week, however I don't see an $8000 tax bill as "typical." Maybe typical for where one lives but not typical for everyone. Our bill was $3020 inc bond. I guess living on the "other side of the tracks" has some advantages!

[Stu from NYC]

Originally Posted by Timothyimitchell

The Citi Costco card is my cash back card. Great deal. Especially if shopping Costco.

When the new Costco finally open up down the road from the Hat factory will get their card.