American Express lets points be used for taxes

January 11, 2010 12:00:00 AM PST
Looking for a way to spend your credit card reward points? American express is going to let card members start paying their federal, state and local taxes with the points.

Of course, there are catches.

You have to use a couple of designated websites to file your returns and you'll have to have a lot of points to make a dent.

It takes 200 points to pay off just $1 in taxes.