ATO (tax office) payments by credit card

[sumthinfornuthin]

Looks like there was an update to the ATO Card Payment Fee page yesterday. New rates split out the international and domestic but also the debit cards. Looks like that could be quite beneficial for users of Only1 Visa and others.

Card type	Fee
American Express	1.45%
MasterCard – International	2.70%
MasterCard – Domestic Debit	0.15%
MasterCard – Domestic Credit	0.40%
Visa – International	2.70%
Visa – Domestic Debit	0.15%
Visa – Domestic Credit	0.58%

The secret of course is WHICH ?? M/C and Visa cards still pay points for the ATO ??
Getting harder and harder all the time IMHO

 

[cove]

Ok I will save the US credit cards for land tax instead of ATO.
2.7% is way beyond my pain barrier.

 

[cove]

0.4% is pretty good.

 

[Duffa]

0.4% is pretty good.

Don't have a MC in the portfolio.
I'm reading that deathstar still has a 1:1 for ATO, but capped
Any others?
I'm very happy with BOM Visa at 0.825 ppd uncapped and including the fiscal fiend

 

[mviy]

Which cards are the best ones to pick for earning QF points on paying the ATO?

 

[bbqwer]

Which cards are the best ones to pick for earning QF points on paying the ATO?

Depends on How much fees are you willing to pay ? Rewardpay + AMEX QF Ultimate $1 = 1.5QFF

 

[mviy]

Was thinking more Visa/MC for the lower fees.

 

[daft009]

Don't have a MC in the portfolio.
I'm reading that deathstar still has a 1:1 for ATO, but capped
Any others?
I'm very happy with BOM Visa at 0.825 ppd uncapped and including the fiscal fiend

https://www.bankofmelbourne.com.au/personal/credit-cards/rewards this one?

 

[aspro2]

https://www.bankofmelbourne.com.au/personal/credit-cards/rewards this one?

+1, and the Coles Rewards Mastercard is still working, I think. (Added: sorry, i overlooked that the question was about QF points; BOM is the way to go...)

 

[mviy]

Do these give QF points?

 

[james4321]

Don't have a MC in the portfolio.
I'm reading that deathstar still has a 1:1 for ATO, but capped
Any others?
I'm very happy with BOM Visa at 0.825 ppd uncapped and including the fiscal fiend

Thanks Duffy. Can you confirm that the BOM 0.825 is via amplify - I thought amplify to velocity is only 0.50 mile per amplify point ??

 

[Duffa]

https://www.bankofmelbourne.com.au/personal/credit-cards/rewards this one?

Yes; 0.75 per dollar (converted) plus 10% birthday bonus - Velocity or Kris

 

[Duffa]

Thanks Duffy. Can you confirm that the BOM 0.825 is via amplify - I thought amplify to velocity is only 0.50 mile per amplify point ??

yes it is; but you get 1.5 amplify per dollar - i.e. net 0.75 (plus birthday 10%)

 

[james4321]

yes it is; but you get 1.5 amplify per dollar - i.e. net 0.75 (plus birthday 10%)

OK got it now. Thanks again

 

[cove]

Yes I gave my youngest son two ATO bills and he put them thru on a Westpac subsidiary Visa card with success. He is chasing Kris Miles or Virgin points and a final 0.825 points per dollar makes that one a keeper.

 

[JohnK]

i have never had to actually pay the ATO based on my income, so am a complete newbie in this topic

is it possible to say pay $5k into my TFN and get it back within a few months?
I assume you can do this for end of year, however , 2017 FY has just passed

Are you really desperate for points? I wouldn't want the ATO questioning why I paid a bill when I didn't have a bill to pay. They may treat it as money laundering.

 

[burmans]

Are you really desperate for points? I wouldn't want the ATO questioning why I paid a bill when I didn't have a bill to pay. They may treat it as money laundering.

I think you may be confusing government agencies, its AUSTRAC who monitor this. Given the problem has with their own systems I cant see them being anything but grateful that money is paid whether required or not. They have a whole program trying to get people to pay, they are far more concerned about that.

 

[albyd]

I think the issue is it's all well and good to be making these payments where you have an obligation and can make the occasional 'mistake' in over estimating your obligation.
Abuse of this e.g. PAYG taxpayers who've never needed to make these sorts of payments is only going to draw unwanted attention to it and increase restrictions for everyone. Much like certain retail staff getting their knickers in a knot about Visa GC buying. I'm sure we're all well intentioned on this forum but the authorities may start thinking of real or imagined threats which they'll need to impose restrictions on to combat.
I recall in this thread one member reported over paying their tax and the ATO called them on it then refunded the payment to the original source (notwithstanding they usually refund to linked bank account) which defeated the member's purpose of making the payment.

 

[JohnK]

I think you may be confusing government agencies, its AUSTRAC who monitor this. Given the problem has with their own systems I cant see them being anything but grateful that money is paid whether required or not. They have a whole program trying to get people to pay, they are far more concerned about that.

I am not confusing government agencies. I would not want to be making regular payments to government agencies when I did not owe them money. Too many red flags everywhere.

But I think it is quite clear that desperate people seek desperate measures.

 

[BacchusMarsh]

I am not confusing government agencies. I would not want to be making regular payments to government agencies when I did not owe them money. Too many red flags everywhere.

But I think it is quite clear that desperate people seek desperate measures.

Isn't "desperate" a little on the ad hominem side here?

I mention it only because we once again have JohnK the non-ATO-paying-by-credit-card dude stomping all over a thread.