Hi cove, taking your advice elsewhere on a new cc for KrisMiles (Mrs C and I now have about 3M QFF points but can't find flights we want{first world problems!}).I think I will pre-pay all of the ATO quarterlies so I plan to be ok for almost 4 years.
Let's see if my maths is correct......will probably get the dragon Amp Sig for ATO, as far as I am aware it is the best KF miles bang for surcharge buck for ATO?
Is there a better KF miles per surcharge $ Visa, MC or Amex for ATO?
Let's see if my maths is correct......
Option #1: Amex via RewardPay
$1000 + 2.64% -> RewardPay -> ATO costs $1026.40:
Result:
Amex Platinum Edge 1:1; 1026 points = 1026 KMiles at cost of $0.26c per point (26.40/1026)
Amex Explorer Card 2:1; 2052 points = 2052 Kmiles at cost of $0.13 per point (26.40/2052)
Option #2: Dragon
$1000 + 0.78% -> ATO costs $1007.80;
Result: 1007 dragon points -> 503 KMiles: $0.16 per point (7.80/503)
will cost about $1,500 in ATO surcharges plus roughly $1k in fees/ charges
If you are talking airline fees and charge SQ dropped their fuel fines and so Australia/Europe return is now only about $200.
I am tonight handling all my quarterlies that are due by the end of February. I am travelling in February so I decided to pay up early. Yes I used a couple of 0.40% MasterCards but they only earn 0.66 points so their starting cost is about 0.60 cents per point. Still pounding the Kris Flyer Amex and another KrisFlyer Miles earning credit card.
Yes Dr Ev. I saw Coles M/C is going to zero with Citi taking over. Bugger!
US cards have a heavy surcharge for ATO now so don’t use them.
Kris Miles are easy to use and the redemption costs are now very small.
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I'm not great at maths, but I get a different figure for Option 2.
On the top tax bracket of 47%, if surcharge is a tax deduction, effective cost is 53% of 0.94c, which comes to approx 0.5c per KF mile.