Earn Points Paying Taxes with a Credit Card (+ Latest Deals/News)

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 27 March 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

#164: Chris shares a unique way to earn points: using your credit card to pay taxes. He outlines the various options available to help you evaluate whether it’s worth paying taxes on your credit card. Chris also shares the latest news in the world of points and miles, including transfer partners and bonuses, recent devaluations, card-linked offers, and more. Link to Full Show Notes: https://allthehacks.com/paying-taxes-on-credit-cards Partner Deals MasterClass: Learn from the world's best with 15% off Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth DeleteMe: 20% off removing your personal info from the web Facet: Personalized Financial Planning + $250 enrollment fee waived Fabric: Affordable term life insurance for you and your family For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned IRS Authorized Payment Providers: payUSAtax (1.82%) Pay1040 (1.87%) ACI Payments (1.98%) All the Hacks Cards Page 3% Cards: PayPal Cashback Mastercard Discover it® Miles Chase Freedom Unlimited® New Robinhood 3% Card Cards with Big Welcome Offers: Hilton Honors American Express Aspire Card Marriott Bonvoy Boundless® Credit Card The Platinum Card® from American Express Delta SkyMiles® Platinum American Express Card Capital One Venture X Business Ink Business Preferred® Credit Card 2% or 2x Cards: Citi® Double Cash Card The Blue Business® Plus Credit Card from American Express Capital One Venture Rewards Credit Card Capital One Venture X Business Capital One Venture X Rewards Credit Card Capital One Spark Cash Plus Bilt Rewards Card (2x on Rent Day) Wells Fargo Cards: Wells Fargo Active Cash Visa ® Card Wells Fargo Autograph℠ Card Wells Fargo Autograph Journey℠ Visa® Card Bilt Rewards: Bilt Rewards Card Free point.me access Free Awayz access Bilt Rewards adds Alaska Airlines and end American point.me: Free access with Amex Membership Rewards® Get your first month + free explore by point.me tool for $1 OR $5 with code HACKS at allthehacks.com/pointme CardPointers: 30% off the app that helps you earn more cash back, points, and miles 5% Cash Back in Q2 2024 for Amazon.com, Dining & Select Hotel Bookings: Chase Freedom Flex℠ (Register at chasebonus.com) The Frequent Miler Podcast: American Airlines vs. Alaska Miles – Which are Better? How To Use Wyndham Points To Book a Vacasa Chase Card-Linked Offers: Oura Ring: $20 Off Amazon Fresh: 5% Cash Back 10% Off: TurboTax® | DoorDash | The Home Depot | Southwest Airlines Amex Card-Linked Offers: Zeel In-Home Massages: $25 off $75 + $20 Off IHG Hotels & Resorts: $50 off $250 Paramount Plus: Free 3 Months Trust & Will: $55 off $150 + 15% Off Estate Plans for All the Hacks Listeners / 50% Off for All the Hacks Members Vuori: $25 Off $125 + 20% Off for All the Hacks Listeners Full Show Notes (01:53) Can You Pay Taxes on a Credit Card? (03:56) Making 3% Profit (06:58) Meeting Minimum Spend on Big Welcome Bonus (11:07) Buying Cheap Points with Cards (15:56) Earning Status (28:54) Bilt Rewards Adds Alaska Airlines & Loses American AAdvantage (31:06) News from Wells Fargo (37:27) Current Transfer Bonuses (March 2023) (39:42) News Around Devaluations (47:01) point.me for Amex Membership Rewards® Points (47:36) Chase Freedom Q2 Bonus Categories (48:04) Current Card-Linked Offers Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to another episode of all the hacks a show about upgrading your life money and travel
0:07.2	I'm your host Chris Hutchins and today I have a lot of news to share in the points of miles world
0:12.2	like a new transferable points card new transferable points card of
0:15.0	news to share in the points of Miles world, like a new transfer partner we've never seen before,
0:17.0	some changes to award charts, good and bad,
0:20.0	some of the good Chase and Amex offers I just found, but first I want to talk about today's main topic, which is taxes, and specifically how you might want to use your credit card to pay your taxes and earn some points.
0:33.1	There's a lot of confusion around this topic,
0:34.8	so I'll break it all down in a minute
0:36.6	right after this.
0:39.2	I've talked to lots of amazing people on this podcast,
0:42.2	like Dan Pink, for for example did you check out
0:44.3	that episode a few weeks ago about persuasion if not you absolutely should but if you're
0:49.2	like me sometimes you want to go deeper. So where do you go?
0:52.7	Well, for Dan Pink, you should check out his Sales and Persuasion
0:55.9	masterclass that is fantastic and goes way deeper than we did in our episode.
1:00.5	But in general, if I want to go deep on a topic and learn from some truly remarkable people, I go to Masterclass who I'm excited to partner with for this episode.
1:09.0	And one of the reasons I love Masterclass is that it's not just talking about improving.
1:13.6	They have over 180 world class instructors who actually show you how to improve.
1:19.2	For example, you can master negotiation with Chris Voss, win big in business with Mark Cuban, or even learn
1:25.3	modern Japanese cooking with Nicki Nakeama, which was such a great class.
1:30.3	Plus every new membership comes with a 30-day back guarantee so there's no risk for you and right now
1:36.3	Our listeners will get an additional 15% off an annual membership at all the hacks.com
	...

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