Best Credit Cards To Pay Taxes Of July 2024

If you like to travel but don’t love fees, consider the Capital One VentureOne Rewards Credit Card (rates & fees). The card has no annual fee and earns modest flat-rate rewards on all card purchases, including tax payments. Plus, you can redeem the rewards you earn multiple ways through Capital One Travel, including flights and hotels, reimbursements for travel purchases or transferring your miles to over 15 travel loyalty programs.

Rewards: Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase.

Welcome offer: Earn 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel.

Annual fee: $0

Other benefits and drawbacks: The miles you earn with the Capital One VentureOne Rewards do not expire for the life of your account. Other travel benefits include travel accident insurance, rental car collision coverage and no foreign transaction fees. The card also features a lengthy 0% intro APR offer on purchases and balance transfers: 0% intro APR on purchases and balance transfers for 15 months, 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you.

On its own, the Citi Custom Cash® Card isn’t necessarily beneficial for tax payments. The card’s highest cash-back rates are only available within select spending categories, which don’t include taxes or payment processors like PayPal. And while the card earns ThankYou® Points, your redemption options are limited.

But, when you pair it with a premium Citi card that also earns ThankYou® Points, the card’s value increases. Paying your taxes with the Citi Custom Cash® Card and then transferring the rewards earning from those payments to another Citi card will allow you to pool your points and access more flexible redemptions, including transfers to Citi travel transfer partners like Emirates, Cathay Pacific and Wyndham Rewards.

Rewards: Earn 5% cash back on purchases in a top eligible spend category up to the first $500 spent each billing cycle, 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2025 and 1% cash back on all other purchases.

Welcome offer: Earn $200 in cash back after spending $1,500 on purchases in the first 6 months of account opening. The bonus points come in the form of 20,000 ThankYou® Points that can be redeemed for $200 cash back.

Annual fee: $0

Other benefits and drawbacks: ThankYou points don’t expire as long as your account remains open. Unfortunately, Citi places limits on how much you can earn in your top eligible spending category each billing cycle. The Citi Custom Cash® Card offers a 0% introductory APR for 15 months from date of account opening on purchases and from date of first transfer for balance transfers completed within 4 months of account opening. After that, the variable APR will be 19.24% - 29.24%, based on creditworthiness. There is also a balance transfer fee of 5% of each balance transfer; $5 minimum but otherwise only comes with basic benefits.

The Capital One Venture Rewards Credit Card (rates & fees) is a frequent flyer on “best of” credit card lists and for a good reason. The card makes it easy to earn miles with its competitive flat-rate rewards on every card purchase (including taxes). There are no categories to track to ensure you’re maximizing spending opportunities. Plus, the card has a giant welcome bonus offer and offers a myriad of redemption options.

Rewards: Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar spent on Capital One Entertainment purchases through 12/31/25 and an unlimited 2 miles per dollar spent on other purchases.

Welcome offer: Earn 75,000 miles once you spend $4,000 on purchases within 3 months from account opening.

Annual fee: $95

Other benefits and drawbacks: The travel benefits of Capital One Venture Rewards Credit Card don’t stop at rewards. The card features several travel perks like a credit of up to $100 on Global Entry or TSA PreCheck® application fees. Plus, you’ll have access to protections like car rental collision coverage, travel accident insurance and 24/7 travel assistance services. The card does not charge foreign transaction fees.

The Discover it® Cash Back offers something very few cards (outside of Discover) offer—a limitless bonus offer. Discover automatically matches all the cash back you’ve earned at the end of your first year. If you pay your taxes with the card, you could effectively double the rewards you earn on spending you have to do anyway. The card doesn’t earn more for tax payments, but it does offer elevated cash back on up to $1,500 in purchases in quarterly rotating spending categories you activate.

Rewards: Earn 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. Plus, earn unlimited 1% cash back on all other purchases – automatically.

Welcome offer: Discover will automatically match all the cash back earned at the end of the first year as a cardmember. There's no minimum spending or maximum rewards.

Annual fee: $0

Other benefits and drawbacks: The Discover it® Cash Back earns only 1% as its base rate, but the 5% bonus on rotating categories still keeps it competitive with other cash-back cards. Plus, the Discover it® Cash Back offers a long intro APR offer purchases and balance transfers and unique consumer protections. With its online privacy protection, Discover regularly removes your personal information from websites that may sell your information. You can also opt-in for Social Security number alerts if Discover finds your number on the Dark Web.

The Citi Rewards+® Card offers a 0% intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness. An intro balance transfer fee of either 3% of each transfer or a minimum amount of $5 within the first 4 months of account opening applies. After that, the amount of each balance transfer will be 5% of each transfer (minimum $5) applies. The slightly lower intro balance transfer fee might give this card the edge on other similar offers. If you have existing card debt from past tax payments or other purchases, the Citi Rewards+® Card could be useful for paying it off over time without interest charges.

Rewards: Earn 2 ThankYou Points per dollar at supermarkets and gas stations for the first $6,000 in spending per year and 1 ThankYou Point per dollar on other eligible purchases, plus 5 ThankYou® Points per dollar on hotel, car rentals and attractions booked on CitiTravel.com through December 31, 2025.

Welcome offer: Earn 20,000 bonus points after spending $1,500 in purchases within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com.

Annual fee: $0

Other benefits and drawbacks: With the Citi Rewards+® Card, all card purchases are rounded up to the nearest ten rewards points. The benefit won’t make a huge difference on larger transactions like tax payments, but it’s beneficial for individuals who frequently make smaller purchases. Also, you earn increased cash back at supermarkets and gas stations, but there’s a cap on how much bonus cash back you can earn each year. The Citi Rewards+® Card has no annual fee but charges a 3% foreign transaction fee on international purchases.

Earning bonus rewards for tax payments with Chase Freedom Flex® may depend on the timing of your payments. That’s because the card earns bonus cash back on quarterly rotating categories you activate, up to a combined quarterly $1,500 maximum. Most of the rotating categories have nothing to do with taxes, but sometimes the card earns bonus cash back with PayPal, which happens to be a payment method offered by federal tax payment processors. Timing is everything with this benefit, and there’s no guarantee going forward that PayPal will be an option again in the near future. But earning 5% back on your taxes is substantial.

Rewards: Earn 5% cash back on up to $1,500 in combined purchases in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.

Welcome offer: Earn $200 bonus after spending $500 on purchases in the first 3 months from account opening.

Annual fee: $0

Other benefits and drawbacks: The no annual fee Chase Freedom Flex® currently offers partner benefits with DoorDash, Instacart and Lyft. It also comes with several travel and consumer protections, including cellphone protection. It’s not necessarily the best card to use when traveling, thanks to its foreign transaction fee.

The Chase Sapphire Preferred® Card routinely ranks among the top travel cards. Not only does it come with a large welcome bonus and several bonus spending categories, it also offers access to Chase Ultimate Rewards®, one of the most versatile rewards programs on the market. The program offers flexible ways to redeem your points for travel. Plus, they’re worth even more when used to book travel through Chase. You can also transfer your points to more than a dozen airline and hotel travel partners. Meaning, if you were to pay your taxes with this card, the rewards you would generate would be worth outsized value if redeemed for travel.

Rewards: Earn 5 points per dollar on travel purchased through Chase Travel℠, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on other purchases.

Welcome offer: Earn 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening.

Annual fee: $95

Other benefits and drawbacks: The Chase Sapphire Preferred® Card is loaded with travel benefits and travel protections. It has no foreign transaction fees and comes with partner benefits with Lyft, DoorDash, Instacart and Peloton.

For business owners who want to earn Membership Rewards points, may want to consider The Blue Business® Plus Credit Card from American Express (Terms apply, see rates & fees). With this card, you’ll earn bonus points on up to $50,000 in eligible business spending annually. Once you’ve earned those points, Membership Rewards offers several ways to redeem them. One of the best ways to redeem points is to transfer them to any of Amex’s over 20 airline and hotel partners like Delta, Hawaiian Airlines, Hilton and Marriott.

Rewards: Earn 2 Membership Rewards points per dollar on everyday business purchases such as office supplies or client dinners up to the first $50,000 in purchases per year, then 1 point per dollar on all other purchases.

Welcome offer: Earn 15,000 Membership Rewards points after spending $3,000 in purchases in the first 3 months of account opening.

Annual fee: No annual fee

Other benefits and drawbacks: Since bonus rates are capped on the card, it’s not a great option for businesses that spend more than $50K annually. Also, the card isn’t great for international travelers because of its foreign transaction fees. And, like some other Amex cards, The Blue Business® Plus Credit Card from American Express offers expanded buying power to spend beyond your credit limit.

The Capital One Spark Miles Select for Business* is an excellent option if you want travel benefits from a business credit card without an annual fee. The card has a nice welcome bonus and flat-rate rewards on every card purchase (though the card earns miles and not cash back). Like other select Capital One travel cards, you can redeem your rewards for travel, to cover past travel purchases or transfer them to over 15 travel partner programs. You also get other travel perks like no foreign transaction fees, roadside assistance and rental car collision insurance coverage.

Rewards: Earn 1.5 miles per dollar on every purchase.

Welcome offer: Earn 50,000 bonus miles after spending $4,500 on purchases within the first 3 months of account opening.

Annual fee: $0

Other benefits and drawbacks: With the Capital One Spark Miles Select for Business*, you can request free cards for employees to maximize your earning potential. Also, you can assign someone as an account manager and set spending limits on individual employee cards as needed. However the card carries an extremely high penalty APR so be sure you always make your payments on time and in full.

With The American Express Blue Business Cash™ Card (Terms apply, see rates & fees), you can earn a decent cash bonus with a relatively low spending requirement. Plus, the no fee business card earns flat-rate bonus cash back on up to $50,000 on eligible business purchases annually.

Rewards: Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%.

Welcome offer: Earn $250 statement credit after spending $3,000 in purchases in the first 3 months of account opening.

Annual fee: No annual fee

Other benefits and drawbacks: The American Express Blue Business Cash™ Card comes with an intro APR offer on purchases, but not balance transfers. It also charges a foreign transaction fee, so it’s not ideal for international travel. It also offers expanded buying power, free employee cards and compatibility with QuickBooks.

For a business card that travels well, consider the Capital One Spark Miles for Business*. The card offers some valuable travel benefits for cardholders, including a credit of up to $100 for Global Entry or TSA PreCheck application fees, no foreign transaction fees and two free visits to Capital One Lounges annually. The card’s annual fee is waived for the first year.

Rewards: Earn 2 miles per dollar on every purchase and 5 miles per dollar on hotels and rental cars booked through Capital One Travel.

Welcome offer: Earn 50,000 bonus miles after spending $4,500 on purchases within the first 3 months of account opening.

Annual fee: $0 intro for the first year; $95 after that

Other benefits and drawbacks: Not only does the Capital One Spark Miles for Business* have an incredibly high penalty APR, it also charges a high regular APR.