Released: April 14, 2006

Paying taxes with your credit card can be expensive

Source: ConsumerAffairs.com

More and more Americans are paying their tax bill with their credit cards. Some card issuers are even offering incentives for paying the bill using their card.

Though the convenience and added perks may sound like a great deal, the Association of Independent Consumer Credit Counseling Agencies (AICCCA) suggests consumers take a second look before charging their taxes.

“Consumers would be wise to consider all payment options and avoid charging their tax bills if other payment arrangements are available,” said AICCCA President David Jones. “With some 50 percent of credit card users revolving a balance monthly, adding to those balances is not a good idea.”

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