| | Use big expenses to unlock big rewards | | by Katie Genter, Senior Writer | |  | It's the beginning of the year, which means you might have a lot of big expenses coming due such as tuition, income taxes, property taxes, etc.
These expenses are never fun to deal with, but there is a bright side: You can often earn points and miles if you pay with a rewards-earning credit card.
Earning points and miles can make these large expenses feel a bit more fun if you leverage them to unlock a big sign-up bonus.
For example, you can pay your federal income taxes with a credit card, but you'll incur at least a 1.82% fee. That's not always worth it, but it absolutely could be if you are using it to unlock the 300,000-mile bonus that just launched on the Capital One Venture X Business. That bonus awards 150,000 miles once you spend $20,000 in the first three months, and an additional 150,000 miles once you spend $100,000 in the first six months. Big expenses can help make that more realistic.
Plus, since you'll earn at least 2 miles per dollar on purchases with the Venture X Business, and TPG values those miles at 1.85 cents each, you're earning 3.7 cents in value per dollar charged at those rates, which can make it worth it despite the 1.82% card fee.
Or you can check CardMatch to see if you are targeted for offers as high as 150,000 points for The Platinum Card® from American Express and 90,000 points for the American Express® Gold Card — and then use those big tuition and tax payments to easily earn the bonus.
Check out the following stories to learn more:
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