WARNING - Don’t use RewardPay/Amex to make a personal SMSF contribution.

[lovetravellingoz]

All I did was send 3 payments via PayPal to my s.o., she did the same. ...

Well not surprised that this ended badly. People effectively paying themselves is always deemed a no no.

A lot of small business operators get caught out too when they get a merchant facility and start churning their own cash through it to earn points.

 

[cove]

yes the only time I use my CC at work is when I am genuinely buying a product. The idea of slushing money thru can be treated as cause for cancellation.

 

[albyd]

Am Considering a BPay to my SMSF account (this is one deposit method offered by my fund's bank) via a rival service. Has anyone had any experience with this method. I like the idea of getting a few extra points for this but don't want to endanger my otherwise very clean record with Amex and the ability to earn on everything else.

 

[KLN]

While this is hard work for you and I feel your pain, this has given me a new avenue to earn LOADS more points.

i've put thru $620K thru here in the last year, and haven't even done the Staff Super yet

 

[KLN]

both of my SMSF payments made successfully thru REward pay yesterday. points and transaction all posted correctly. maybe the SMSF having a completely different name was the difference. phew!

 

[potm]

Why would you do it after reading the experiences on here? Risk your whole account with Amex for not a large amount of points that comes at a cost anyway.

 

[KLN]

Why would you do it after reading the experiences on here? Risk your whole account with Amex for not a large amount of points that comes at a cost anyway.

i had only just done it, and then read the thread