I paid my quarterly taxes with a credit card to earn a sign-up bonus
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As a self-employed freelancer, one thing that tends to creep up on me is paying estimated quarterly taxes. Just like how the holidays are here before you know it, so is having to pay Uncle Sam.
When I had a day job, I only needed to worry about paying taxes during the regular tax season. But since I’ve been working for myself, I need to pay taxes every three months. And it’s typically a fair chunk of change — we’re talking several thousand dollars.
One year, I used tax time as an opportunity to swoop in on a sweet introductory bonus deal from the Ink Business Preferred® Credit Card. At the time, if you spent $5,000 the first three months of getting your card, you’d earn 120,000 points (this offer is no longer available — the current offer on the card is for 100,000 points after spending $15,000 on purchases in the first 3 months from account opening).
Here’s how I raked in 120,000 bonus points on my small-business credit card by paying off my quarterly self-employed estimated taxes.
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Regular APR
15.99%–20.99% variable APR
Credit Score
Good to Excellent
Featured Reward
100,000 points after spending $15,000 on purchases in the first 3 months from account opening
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
- With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
- Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account
- $95 Annual Fee
Pros
- High sign-up bonus
- Offers 3x bonus…
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