The best credit card for ATO payments?

3 replies

qffromadelaide

Qantas - Qantas Frequent Flyer

Member since 05 Sep 2017

Total posts 3

hi all,
with the recent changes to AMEX, what's the best credit card for ATO payments in terms of frequent flyer points ? I have previously paid upto 300K on AMEX.
is rewardspay a better option?
thanks
shanthan

Steve987

Member since 23 Feb 2015

Total posts 248

Do the maths on just paying cash. The price you pay for points when you pay the credit card surcharge make this formerly attractive option uneconomical.

346

Qantas - Qantas Frequent Flyer

Member since 10 May 2017

Total posts 52

Do the maths on just paying cash. The price you pay for points when you pay the credit card surcharge make this formerly attractive option uneconomical.

Even with a (potential) tax deduction on the surcharge though ?
Net cost could be considerably reduced .
I haven't done the maths, but just another consideration.

My initial expectation is that it won't be justified though, that is, paying by Credit Card direct to the ATO.
It could be better reimbursing someone/entity (through the credit card) who's paid the tax on your behalf (using cash)
Last editedby 346 at May 28, 2019, 09:41 AM.

Michael Kao

Qantas - Qantas Frequent Flyer

Member since 06 Nov 2014

Total posts 144

Assuming you have platinum charge card, paying directly to ATO earns 0.5 airline point per dollar (ppd) for 1.45%, so you are paying 2.9c/pt. Using reward pay, you are paying 2.365c for 1.125pt, or 2.1c/pt.

KF now charges over 100k points for one way to EU, at the rate above, it's over $4000 rt. (Or 58k to SE Asia, that's over $2100 rt). Although still cheaper than revenue, when you factor in loss of point earn, status, lack of flexibility, it may not be worthwhile anymore.

Hi Guest, join in the discussion on The best credit card for ATO payments?

Attach Files