Author Topic: HOA fees on credit card  (Read 653 times)

dragonwalker

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HOA fees on credit card
« on: December 30, 2021, 10:26:18 AM »
Right now every month I have to pay $491.24 to HOA. It's currently being debited via ACH direct from my bank account at no charge. I just a new credit card that gets me 3% cash back. To use a credit card they charge 2.9% so I guess I "gain" like a quarter a month. However is there any downside putting the charge onto my credit card? As far as expenses are calculated for taxes or anything else I may not be considering that changes because I now have it on a credit card. I am not talking about the card being compromised and me needing to change it but anything systematically wrong or less efficient. Also, the extra $15 or so dollars in convenience fees, could that part of expenses written off? If I'm renting 1 room could I write off half my HOA plus half fees?

 

Wow, a phone plan for fifteen bucks!