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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No, you have to pay a 3% fee. That would be almost $4000 for me this year and my credit limit isn't that high anyway. [/quote]

OP, unlike this moron, we follow IRS suggestions and use Pay1040 to make periodic tax payments at a very reasonable rate of 1.75%. We use our Chase Freedom Unlimited card (which has a $75K limit) to make estimated quarterly payments of around $53K each. This works out to be about $3710 in fees. The spending earns us 1.5X per dollar spent which is about 318K Chase points per year. We also have a CSR credit card which allows us to transfer 1:1 to Hyatt points which are nominally valued at about 1.7¢ each. This means we’re getting at least $5406 in value for only a $3710 expense.

Truthfully, though, we cash in those 318K Hyatt points to book multiple rooms or suites for week-long vacations at places like the Park Hyatt Maldives, Alila Ventana Big Sur, or the Impressions by Secrets in Cancun.

DH and I are staying at the Park Hyatt Tokyo in June for 7 nights using 315K points plus a Suite Upgrade Certificate. This is peak pricing! The cash price for the most entry level room over the same dates is $14K. When you factor in the suite upgrade, we’re looking at a standard suite that would otherwise cost $22K.

So, yeah, we’re cool spending an extra $4K in CC fees to land a luxury suite in Tokyo that would cost a cash-paying customer an extra $18K. This is why our family takes 5-6 luxury vacations every year to most people’s 1-2. [/quote]

I love this. I assume you are a business owner. When you have enough income to stash a bunch of points feed a good move.[/quote]

No. We are not small business owners. The $53K we pay in quarterly estimated taxes was in anticipation of dividends, interest, and capital gains in our taxable brokerage accounts. In 2025, these passive sources constituted $710K of our HHI, which was $2.8M total.

To the point of the original post, we put way more than just $212K per year on credit cards. That’s just one piece of the puzzle that is specific to income taxes. We actually put close to $100K per month in expenses on our credit cards – mostly travel credit cards and most expenses with no fees.

DH and I both work full time, we both travel 2-3 times per month (1-2 times together), our kids are in college, and we both earn a ton of miles and points through paid business travel. The CC points are the icing on the cake. This is all easy stuff to figure out. However, every time we travel we’re blown away by people who humblebrag about their extreme wealth (e.g., like the $1300/hour snatch) but then can’t seem to navigate the points and miles game to travel frequently, luxuriously, and comfortably with minimal friction or out of pocket expense. These are the losers that are [b]so rich[/b] (aka so stupid) that they can afford to waste money, make strategic spending blunders, and operate with extreme inefficiency.

No thanks. DH and I operate at a higher level. [/quote]

You guys are insufferable. Yep, you are so smart with your credit card points nonsense, fancy hotels, and full time jobs LMAO [/quote]

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