RewardPay Alternatives

[Bell21]

is this right on the platinum charge???

enter amount	50000​
surcharge	905​
	1​
total	50906​
FF points per $	1.125​
FF points earnt	57268.125​
cost of 1 FF pt	0.888888889​

Maybe I'm just daft , but it all looks correct, other than cost / pt - isn't it $906 / 57,268 points = 1.6 c (pre-business expense deduction)?

 

[Jacques Vert]

is this right on the platinum charge???

enter amount	50000​
surcharge	905​
	1​
total	50906​
FF points per $	1.125​
FF points earnt	57268.125​
cost of 1 FF pt	0.888888889​

HI @daft009,

The 1.81% (no GST) * + $1 for each individual transaction is from their website. 1.81% on 50,000 = 905 (so that bit is correct).

The FF points earned will, of course, depend on which card you are using although it appears you don't get points on the $1 service fee. On my calculations the cost of 1 QFF point is 0.8890635

 

[albyd]

I get 1.58c/point on the Platinum Charge.
906/($50906 x 1.125) = 1.58c/point

 

[jonboixxx]

Bluechain:

• American Express 1.95% + GST
• Visa/Mastercard blended rate for debit and credit cards 1.4% + 50c + GST

Credit Rewards:
1.81% (no GST) * + $1 for each individual transaction

Would you have a link for credit rewards? I can't seem to find them.

 

[Jacques Vert]

I guess it all depends on whether you include the $50,000 as part of the "cost".

Post automatically merged: Oct 20, 2020

Would you have a link for credit rewards? I can't seem to find them.

CreditRewards – Literally pay any bills | Preserve Cash | Earn Rewards

creditrewards.com.au

 

[daft009]

Thanks guys. Let me see where I went wrong hmm

 

[Tonyladz]

Bluechain or creditrewards, which one works out to better?

 

[daft009]

Maybe I'm just daft , but it all looks correct, other than cost / pt - isn't it $906 / 57,268 points = 1.6 c (pre-business expense deduction)?

thanks.. i did have this assed about.
makes more sense now

Post automatically merged: Oct 21, 2020

I guess it all depends on whether you include the $50,000 as part of the "cost".

Post automatically merged: Oct 20, 2020

CreditRewards – Literally pay any bills | Preserve Cash | Earn Rewards

creditrewards.com.au

safe to put it in the "can't avoid it" cost bucket

Post automatically merged: Oct 21, 2020

Bluechain or creditrewards, which one works out to better?

B.C if you need to EFT.
If Bpay CR is cheaper

 

[Bell21]

thanks.. i did have this assed about.
makes more sense now

Post automatically merged: Oct 21, 2020

safe to put it in the "can't avoid it" cost bucket

Post automatically merged: Oct 21, 2020

B.C if you need to EFT.
If Bpay CR is cheaper

I wish you were right though! Remind me - may be upthread - what is rate difference for BC on EFT vs CR on Bpay?

 

[daft009]

I wish you were right though! Remind me - may be upthread - what is rate difference for BC on EFT vs CR on Bpay?

BC is the same for EFT or Bpay, was posted above.. 1.95%
CR only offers bpay, no EFT

 

[rickall]

Hi - please would someone let me know the website for Credit Rewards as they seem to be best for Amex. Has anyone had any problems with them? I had been using B2BPay

 

[albyd]

Www.CreditRewards.com.au

 

[pyusha]

Www.CreditRewards.com.au

CreditRewards – Literally pay any bills | Preserve Cash | Earn Rewards

creditrewards.com.au

 

[blacksultan]

CreditRewards – Literally pay any bills | Preserve Cash | Earn Rewards

creditrewards.com.au

[/Qwhy UOTE]
Why would anyone pay the cr fee for paying by bpay when one could. Mostly pay for free by card directly.? Or am I missing something ?

 

[pyusha]

For when credit cards (Amex) either aren't accepted, or are rewarded half the points (ATO) or are charged more than 1.81% (DEFT rent where they charge 3.3 for Amex cards)

 

[Chimp]

It looks like Sniip has reduced it's Amex fees to 1.5% for Amex, which you can use for ATO payments via BPAY.

FAQ | Sniip

sniip.com

 

[albyd]

That’s a good development. Though just set up an account and loaded my Amex as 1.5% is much cheaper than what Macquarie charge on the DEFT site to pay my strata levies but refused to let me use Amex to pay. MC or Visa only. Just going to use Credit Rewards. 1.8% is still cheaper than Macquarie’s usurious fees.

 

[lilkid28]

Tried to use Sniip to pay but it says Amex card not accepted...? There's a recent Amex offer for Spend $50, get 1000 bonus points as well.. How to get the bonus points when the bill cannot be paid using Amex?

 

[mrsquare]

I managed to pay a City of Melbourne rates bill with my Explorer via Sniip. Just did it.

 

[albyd]

That’s a good development. Though just set up an account and loaded my Amex as 1.5% is much cheaper than what Macquarie charge on the DEFT site to pay my strata levies but refused to let me use Amex to pay. MC or Visa only. Just going to use Credit Rewards. 1.8% is still cheaper than Macquarie’s usurious fees.

Further to my last message, managed to get through to Sniip. Was informed that Amex told them they couldn't facilitate payments to DEFT at this time - I'm assuming Macquarie wouldn't have liked someone facilitating Amex payments for 1.5% vs 3.3% using DEFT. They reckon there aren't any others that are restricted (apart from the usual categories like gambling etc). I asked about Bank transfers and they said they are coming.