Pay Tax via Credit Card

colin1 on 08/10/2016 - 10:44
Last edited 08/10/2016 - 11:41 by 1 other user

Ok Guys you have heard my whinge see: https://www.ozbargain.com.au/node/269575

Ok so I have a tax debt of over 100k.

Is it worthwhile to pay with a credit card that I get points ?
I had a look at a couple of credit cards but would like someone to give me some options

1. Is it worthwhile to pay an annual fee to get a card that gives more points
2. What surcharge does the tax charge to pay via a credit card
3. As stated before I am now retired and will be completely self sufficient. Will I be able to apply for a new credit card even if I don't have an annual income other than super, remembering I will need a credit card it a big credit limit to facilitate the payment to the tax department. Maybe I can pay in instalments to reduce the need for a large limit

I know we all have to pay our taxes but if I can get something in reward it would be nice.

Thanks

Colin

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  sw0rdy on 08/10/2016 - 10:55

  100k. The (profanity)

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  Ughhh on 08/10/2016 - 11:23

  I doubt you'll get a cc with that high credit limit, especially with no income. You could apply for a few cc, but even then, can you show the banks you can service 5x $20k cc.

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  tomsco on 08/10/2016 - 11:23

  https://www.ozbargain.com.au/node/269541

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  idjces on 08/10/2016 - 12:59

  Very rarely is it worth paying an annual fee, unless it's offset by a large bonus point offer upon approval.

  The link below has some information on retirees applying for credit cards.
  http://www.australianfrequentflyer.com.au/community/current-…

  You won't get a limit large enough to pay your tax bill. But you can prepay your credit card, put it into a positive balance, and then spend that money (your money) on the tax bill.

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  jackofspade on 08/10/2016 - 13:02

  http://www.creditcardfinder.com.au/earn-rewards-points-payin…

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    boomramada on 11/10/2016 - 13:54

    And for commbank : http://www.ausbt.com.au/commonwealth-bank-axes-awards-points…