ATO (tax office) payments by credit card

[unfunkable]

ohh, so if I use my mastercard it won't give me 1.25 points per dollar? :-(
is it the same for both CBA and WBC? I have both diamond and altitude black

 

[asg29e]

I was going to buy a coles prepaid mastercard with no load fee using my cba diamond mastercard, then use that prepaid card to pay tax.
Apparently you can buy $1000 increments at a time - it's on ozbargain.
Is 0.672cents per velocity point? is this a good price?

I don't know the specifics of that card but I have some niggling doubts as to it earning points on ATO spend. You would want to research that before you go too far.

 

[unfunkable]

I was going to use my mastercard to buy a prepaid coles mastercard (was assuming this was going to give me points, not ATO)
then use the prepaid master to pay ato (and not get points)

 

[get me outta here]

The Coles Father's Day offer for $100/$50 prepaid M/cards are bought direct from Coles - could they not be used to pay tax on line?

AFAIK Coles Financial Services P/L would be considered a utility/insurance earn - unless you can buy this card from Coles themselves it's not really worth it.

 

[alexy23]

Where are you buying these $1000 gift cards?

 

[unfunkable]

There are 2 offers going around for coles atm:

1. Targeted fly buy fathers day offer for $100 pre paid cards bought direct in store. The bonus fly buys points converted to coles dollars offsets the card purchase fee
Using a plat edge, you would get 3MR points per dollar, then use it to pay ATO. This is one of the best deals deals around...but I wasn't targeted. 3MR points per $1 @ .42% for paying ATO (don't think it gets better than this?!)

2. The online coles prepaid mastercard, using a code on ozb, voids the card purchase fee .

 

[unfunkable]

Where are you buying these $1000 gift cards?

https://www.ozbargain.com.au/node/262613#comment-3956006

 

[alexy23]

1. Targeted fly buy fathers day offer for $100 pre paid cards bought direct in store. The bonus fly buys points converted to coles dollars offsets the card purchase fee

$100 to pay tax? This is a lot of both time and mental effort for 200 points a pop.

The online coles prepaid mastercard, using a code on ozb, voids the card purchase fee .

Do you have a link to this?

 

[Scr77]

Good find Unfunkable. Whether this works is going to depend on how your credit card company treats the purchase from the Coles financial merchant. I had a look at my ANZ platinum and couldn't find anything excluding points for such purchase, although the card is points capped a 6k per month.

I would normally say make a small purchase and see if it works before making a bigger run.

Aleky23, use the promo code provided in the ozbargin link above.

 

[unfunkable]

$100 to pay tax? This is a lot of both time and mental effort for 200 points a pop.




Do you have a link to this?

300* a pop
I could train my 5 yr old to put through the cards, it's just data entry...make him earn a spot on the flight

 

[get me outta here]

I think that if you were targeted with this offer, you'd find it is 1000 FBs points per $100 card. Plus, whatever your cc gives on the purchase. Useful for EY transfers.

$100 to pay tax? This is a lot of both time and mental effort for 200 points a pop.

 

[unfunkable]

I think that if you were targeted with this offer, you'd find it is 1000 FBs points per $100 card. Plus, whatever your cc gives on the purchase.

The 1000 points cover the cost of the cards, gravy is getting 3MR point/dollar, then using the card where AMEX is not usually accepted.

 

[albyd]

This is 2nd time I've been targeted for $100 MC offer. Found harder to find supply this time (either Coles not putting them out or everyone knows about it and buying them up before I get there). Lots of data entry but feasible for a smaller bill.
I've bought the online MC with my Prestige. Awarded points on it (0.92c/pt). Used online MC to pay tax. Less points generous than the $100 offer with plat edge but more efficient on larger bills. Have a 2 card/day limit with Prestige so not very effective for me must be a security issue. Didn't find a code for waiving $5 issue fee when I followed the link in post #6687. Thought was a targeted offer.
Paid $95k this week ended up using my US card much easier & faster.

 

[Kangol]

If this works, this is not a bad option if you use a 1.5 QFF point per dollar Amex. It's effectively 0.28c per QFF point, less any applicable tax deductions.

 

[albyd]

If this works, this is not a bad option if you use a 1.5 QFF point per dollar Amex. It's effectively 0.28c per QFF point, less any applicable tax deductions.

Only MC & Visa accepted for online MC so not great for most non Amex cards.
$100 targeted offer better since can use Amex in store.

 

[unfunkable]

If i could buy a $1000 mastercard with my amex and get triple points, and not pay a card fee...I think we would all be over that ...lol

 

[Scr77]

Only MC & Visa accepted for online MC so not great for most non Amex cards.

I read that on ozbargin, but the Coles website says payment can be made with Visa Debit, MasterCard debit or a credit Card. That made me think that Amex might work. Only one way to find out for sure.

 

[unfunkable]

Amex doesn't work I've tried it already.
Just bought a 10 dollar card, will see if points post. Hopefully the deal is still active...I Guess spending $5 per $1000 to get mastercard points spend on a diamond/altitude card isn't tooooo bad?

 

[Scr77]

Amex doesn't work I've tried it already.

Thanks for that info.

 

[bbqwer]

There are 2 offers going around for coles atm:

1. Targeted fly buy fathers day offer for $100 pre paid cards bought direct in store. The bonus fly buys points converted to coles dollars offsets the card purchase fee
Using a plat edge, you would get 3MR points per dollar, then use it to pay ATO. This is one of the best deals deals around...but I wasn't targeted. 3MR points per $1 @ .42% for paying ATO (don't think it gets better than this?!) .

I had this offer during Mothers day about 3 months ago, bought 170 cards $100 each. Received flybuys dollar + 3MR / $1 ( best deal of century ).

and I received similar offer this fathers day, as of now I have bought 80 cards ( all paid by amex platinum edge ). My target is 200 cards by next sunday.

50% I use pay ATO, the rest for sydney water, council, body corporate, etc.

For now I had about 350k flybuy dollar, which I will convert to Etihad points. I expect another 200k flybuy in 5 weeks time

it is pain in the cough paying $100 at a time for ATO, but I was doing $1000 per day, so no pressure.