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Advertiser Disclosure
Discover Card: Restaurant & PayPal Purchases, Get Expired
5% Back
(Valid July-Sept, up to $1,500 Total Purchases)
Discover offers Cardholders: 5% Cashback Bonus on Restaurant & PayPal Purchases for up to $1,500 in Total Purchases from July 1 to September 30, 2021.
Thanks community members SharpSwing4318 and Greygooser [discuss] for sharing this deal
Deal Instructions
Thanks community members SharpSwing4318 and Greygooser [discuss] for sharing this deal
Deal Instructions
- Log in to your Discover Card account
- Click on Activate Now
- Message should then change to "You're Earning 5%"
Original Post
Written by
Edited June 29, 2021
at 12:45 AM
reminder if you haven't signed up already, please do
JUL–SEP
Restaurants and PayPal
You activated to earn 5% Cashback Bonus at Restaurants and PayPal from July 1 - September 30, 2021, on up to $1,500 in purchases. 3
https://card.discover.c
JUL–SEP
Restaurants and PayPal
You activated to earn 5% Cashback Bonus at Restaurants and PayPal from July 1 - September 30, 2021, on up to $1,500 in purchases. 3
https://card.discover.c
in
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https://www.paypal.com/us/smarthe...t--faq4240
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So he doesn't get nailed with an underpayment penalty. Usually applies to people that own their own businesses or those that are uncertain as to how much they will earn during the year (that don't have taxes taken out up front). The underpayment penalty is 10% of the liability, and they are pretty stingy on it (I believe the threshold is, or used to be, 90% meaning that you had to at least remit 90% of your tax liability during the year.
He also could have large capital gains that wouldn't be taxed until tax filing time. Again, it's his responsibility to make the payment during the tax year that it was earned in, so they won't accept ignorance as a defense. Lots a different scenarios to cause this.
If I link discover credit card account to PayPal, Does it work with PayPal debit card ?
https://www.paypal.com/us/smarthe...t--faq4240 [paypal.com]
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Also note they will charge a premium for using CC - it won't be 5%, probably more like 2-3% (checking it, my town is 2.5%), but in that case you're only pocketing 2-3% on $1500 or let's say $30-$45. Is it really worth prepaying taxes to save $30?
with Paypal key, you can basically route anything that takes a CC through PP and get the 5%. so, I wouldn't use it somewhere you can get 5% any day of the week, but somewhere else you wouldn't get any kind of special discount.
I'm actually reconsidering paying taxes with this through Key - our (annual) auto taxes are due this month ($1200 or so), and even though they charge 2.5% for CC payments, using this deal should get 5%, so I'll net 2.5% plus delay actually paying for the taxes by a couple months. I'd usually write a check [e.g. rather than paying the taxes via check OOP end of July, if I use Discover through PP to get the 5% after the statement closes on the 27th, I won't actually wind up paying that bill until mid-September]
Seems to be federal taxes [frequentmiler.com]. I was speaking of property taxes. Not sure if it's vendor-specific.
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https://www.paypal.com/us/smarthe...t--faq4240 [paypal.com]