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I have good news! you can do it in 6 ways! here's how:

1. Choose a reward credit card with the right reward program.

2. Read and understand your Credit Card Agreement.

3. Maximize the use of your reward credit card.

4. Know which purchases earn you the most points. 5. Choose a reward credit card with no blackout dates.

6. Avoid forfeiting the rewards you earned. (see related links for further explanation of each step )

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17y ago

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If you have paid a lump-sum settlement to a credit card how do you minimize the taxes due and negative credit report?

There is no way to "minimize' anything that is placed on a credit report. The only option you have is to make certain the report is accurate and timely. The fact that you paid something (I am assuming not the entire amount). Doesn't make much of an impact on your credit score. I agree with Nikki, I don't think there's any way to minimize anything. Your credit score is going to reflect the settlement, and the IRS is going to tax you on the forgiven debt (since the IRS considers forgiven debt to be income). Maybe your accountant can help you find ways to offset the tax liability with other write-off's, such as writing off the cost of settlement, etc. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.


What are the ways someone can improve his credit rating?

If someone wanted to improve their credit rating there are a variety of places where someone can do so. Some of these ways are for the individual to check their credit files.


How can you get a credit card with little or no credit?

There are a few ways you can get a credit card with little or no credit. Check the websites I've added. They should be able to explain in detail.


What is the purpose of credit counseling?

The purpose of credit counseling is to let a person know ways to reduce their debt. They also counsel people in ways to stay out of debt. A person might need credit counseling if they are about to file for bankruptcy.


What are the perks for doing credit card offers?

A person benefit from filing out credit offers in many different ways. Some of the ways that a person can benefit from filing out credit card offers is free travel rewards and cash back.

Related Questions

What is purpose of factory overhead applied and how this information can use by the cost accountant in minimum the cost of the product?

Factory overhead is what it costs to run the factory. The cost accountant can look at the cost of overhead to find ways to minimize it, resulting in the cost of the product being lower.


I'll judge you nine ways from Sunday?

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i love you


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There are various ways by which you could minimize the stress. Drink water, talk to close ones etc are some of the ways.


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If you have paid a lump-sum settlement to a credit card how do you minimize the taxes due and negative credit report?

There is no way to "minimize' anything that is placed on a credit report. The only option you have is to make certain the report is accurate and timely. The fact that you paid something (I am assuming not the entire amount). Doesn't make much of an impact on your credit score. I agree with Nikki, I don't think there's any way to minimize anything. Your credit score is going to reflect the settlement, and the IRS is going to tax you on the forgiven debt (since the IRS considers forgiven debt to be income). Maybe your accountant can help you find ways to offset the tax liability with other write-off's, such as writing off the cost of settlement, etc. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.


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Use a computer.


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A government can implement ways to minimize the business cycle. One way in which this is achieved is to minimize the scope of variations in economic growth.


How can we minimize bounce rate?

Some of the ways by which you can minimize the bounce rate are: • Restructure your navigation. • Include catchy content. • Minimize your priority to advertisements. • Revamped your website Layout.


What are some ways to clean up a credit score?

Some ways to clean up a credit score is to start paying bills on time, reduce credit card debt, and open a bank account. Those are the best ways to clean up a credit card score.


What are the ways someone can improve his credit rating?

If someone wanted to improve their credit rating there are a variety of places where someone can do so. Some of these ways are for the individual to check their credit files.


Which are the different ways by which the cost can be analyzed?

which are the different ways by which the cost can be analysed

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