Monday, April 09, 2007

I am a whore for miles, part 1.

I don't usually have a large tax bill. I pride myself on usually being within 250 dollars one way or another of my witholdings. after all, why should the feds be getting interest on my dollars all year?

but not this year. The sale of the florida house means large dollars flowing out of my accounts in the next few days. So, tempted by a double mile offer, I decided to pay my fed bill with my UAL visa. Yes, I do pay a 2.9% fee for the honor, but I figure the 300 or so dollar fee is worth the almost 26000 miles I'll receive. (wish AA had such an offer, but no such luck). Anyway, I happily clicked away...and only then decided to check how much credit i actually had on the card. Oops...

Yes, my greed sent me over my credit line! I've never done that before, but I knew a hefty fee was in the offing. What to do? My first thought was to goonline and pay the entire amount upfront to the card company, figuring with a huge balance, there's no way I'd get dinged for spending an extra couple thousand. But no----that's impossible. You can only pay the balance due...which was 187 dollars.

So I looked at the other card acounts I have with this bank, and realized I had enough to pay the bill twice over, but spread out over 3 cards. Perhaps I could move a few thousand bucks in unused credit from one card to another.
so I got on the horn, only to find out i had to call back this morning when the credit line adjusting people were back at their desks. I just rang back, and the problem was solved in about 30 seconds.

Now...time for the state payment. Hmmm....that's worth about another 11000 miles....

7 Comments:

Blogger nm said...

I have no where enough credit to pay my taxes. It is going to have be a freaking check.

However, I will be upping my withholdings a lot next year and taking another 3% right into my savings.

2:36 PM  
Blogger jk said...

smart move.
It's always a good idea to have one card with a huge line of credit...just in case eyou need a new furnace, or something.

2:53 PM  
Blogger nm said...

isn't 14 or 18K big enough?

I need like three cards that big.

Oy!

Good thing we don't have a furnace.

3:30 PM  
Blogger jk said...

well, i like to have a card or two to use and then one with a big loc that is free, but doesn't get used except for a big item like that.

7:02 PM  
Blogger jk said...

oh, and if you need the 18k cards to pay your tax bill......you should have sent in a couple of estimated payments.

7:03 PM  
Blogger nm said...

Um, it all has to do with my capital gains that were unwieldy.

If I was making that much money a year, I wouldn't even worry about it.

7:45 PM  
Blogger jk said...

i meant as soon as the sale cleared, send them a check for a partial amt. Seems not as painful as writing one big one at the end.

11:04 AM  

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