ATO (tax office) payments by credit card

[wohoo]

Thanks for the heads up. Is that through the mygov service?

My.gov and v1 do not work

 

[lovetravellingoz]

There are no limits to the stupidity of people and anyone attempting to pay their tax bill with fraudulent cards is a special kind of stupid.

While true, it would entirely possible and perhaps even probable

Thanks for the heads up. Is that through the mygov service?

While a different front end it is the same payment processor and so no go for ato.

Ie it is the ato that will have caused the change and not the processor.

 

[JohnK]

Can one make a BPAY payment from a credit card to pay ATO so not using the ATO portal.? Not interested in points but interested in knowing if this BPAY is treated as a cash advance or purchase? Bankwest and Westpac.

 

[wohoo]

The convenience store method still works.

 

[albyd]

Do you mean the old 5% off method? I thought they’d blocked that avenue last month.

 

[get me outta here]

Anyone know if the BW plat comes in for this thread? I have the bww and am thinking to downgrade to a plat as it's cheaper and I'm not a big spender, (and they wont do anything to lure me to stay). However, I do pay a friend's quarterlies and find the qf points useful at .66. Plat only pays .55. So, anyone tried the BW Plat on this tread?

 

[cove]

Limit is 200,000 points on BW Platinum.
Dragon would be better GMOH.

 

[get me outta here]

Thanks cove, I have the dragon. Is the forex as good as BWW? I don’t get up to 200K pa spend.

Then I’ll stop going OT.

 

[cove]

From memory it was pretty good too.

 

[Xanthe]

Offer received from Qantas re linking to B2B platform and receive points paying anyone and anything by linking credit card through their payment system. Would this be worthwhile?

 

[Smithy789]

Offer received from Qantas re linking to B2B platform and receive points paying anyone and anything by linking credit card through their payment system. Would this be worthwhile?

Xanthe, that looks interesting. I haven't used that platform - but it looks attractive.
B2Bpay
I pay the man with my dragon card and am charged 0.78% (visa, deductible) to receive 0.5 points per $.
This B2B platform charges 1.2%+GST for using my dragon card, for which I'll receive 1 point per $. So I'm marginally ahead.
Plus:
- additional 10,000 points for the first $10,000 spend (by 31 May 2018)
- additional 1 QF point per $100 spent.

Here are there charges:
Visa / Mastercard standard cards:
1.2% (after company tax deduction: 0.84%)
Visa / Mastercard premium and corporate cards:
1.55% (after tax deduction: 1.09%)
American Express and Diners Club cards:
2.4% (after tax deduction: 1.68%)
International cards:
2.73% (after tax deduction: 1.91%)

What do others think?

 

[BillytheFIsh]

What do others think?

I will keep paying direct until there are no reasonable options left, or I specifically need Amex points. Nice to have another option though.

 

[Scr77]

DiviPay has been a let down. Funds loaded to virtual card but unable to spend with ato for the last 2 days. Not a reliable solution at all.

 

[Scr77]

Xanthe, that looks interesting. I haven't used that platform - but it looks attractive.
B2Bpay
I pay the man with my dragon card and am charged 0.78% (visa, deductible) to receive 0.5 points per $.
This B2B platform charges 1.2%+GST for using my dragon card, for which I'll receive 1 point per $. So I'm marginally ahead.
Plus:
- additional 10,000 points for the first $10,000 spend (by 31 May 2018)
- additional 1 QF point per $100 spent.

Here are there charges:
Visa / Mastercard standard cards:
1.2% (after company tax deduction: 0.84%)
Visa / Mastercard premium and corporate cards:
1.55% (after tax deduction: 1.09%)
American Express and Diners Club cards:
2.4% (after tax deduction: 1.68%)
International cards:
2.73% (after tax deduction: 1.91%)

What do others think?

Smithy, I think you should upgrade yout dragon. There’s a dragon that has a higher earn rate.

 

[tristanium]

DiviPay has been a let down. Funds loaded to virtual card but unable to spend with ato for the last 2 days. Not a reliable solution at all.

That would be right, i just applied for and received a new 1pt/$ card to take advantage of this method...looks like i might explore the B2B instead

 

[Xanthe]

I don't have a well behaved dragon in my wardrobe yet (but will be applying soon) and impacted my credit score by getting a coles MC only one month before the downward spiral of death with no payments to the man after 5 March.
The only problem I see with the B2B is that you need an ABN to apply for Qantas Rewards and link it to B2B. Other thing I found while talking to the very nice fellow at B2B was each ABN needs a separate email address. This is a mite frustrating for me because I run a few small businesses with different ABNs but using the same email address.

 

[lovetravellingoz]

Offer received from Qantas re linking to B2B platform and receive points paying anyone and anything by linking credit card through their payment system. Would this be worthwhile?

I thought so. I did my first such payment last week and the payment is due to land at ATO today from it (as payment of your bill lags when you pay B2B).

So as soon as that shows up in a day or so I will if it all worked all ok (Note others have reported that recent payments to the ATO have worked smoothly with your reference number being lodged, but other who used a little while back indicated that the reference was not sent to who you paid which then caused obvious issues as the payment was not assigned to the bill being paid.).

 

[coriander]

I don't have a well behaved dragon in my wardrobe yet (but will be applying soon)

FYI: current deal on cheap dragons runs out on 22nd

 

[kevrosmith]

I don't have a well behaved dragon in my wardrobe yet (but will be applying soon) and impacted my credit score by getting a coles MC only one month before the downward spiral of death with no payments to the man after 5 March.
The only problem I see with the B2B is that you need an ABN to apply for Qantas Rewards and link it to B2B. Other thing I found while talking to the very nice fellow at B2B was each ABN needs a separate email address. This is a mite frustrating for me because I run a few small businesses with different ABNs but using the same email address.

Depending how your email is setup, you can create "alias" email addresses, e.g. [email protected] which can be assigned to your email account. It's a separate email address, but will appear in your inbox as usual, normally.

 

[catear]

Hi i'm new so I'm still trying to get my head around this and have trouble going through 400+ pages, so can someone have a look at my calculation and work out where i'm going wrong.

I have dragon sig card and paying personal tax i'm being charged 0.78% or $78 per $10,000.

for every $10,000 i pay with the card, I get either 8,250 Qantas points or 16,500 amp pts (including 10% bday bonus).

to fly to Melb return from Syd I need 60,010 amp pt (via their reward website) or pay $36,370 (60,010 / 1.1 / 1.5) with the card to get that many points which would accrued $283 worth of fees. Same flight cost $270 on Qantas website.

Using the same calculation, I need 16,000 Qantas points, or spend $19,394 (16,000 / 1.1 / 0.75) and that's about $151 of fees.

So at most I'm saving $120 with Qantas points or pay $13 more with amp pts
card fees for personal tax are not tax deductible
am I doing the numbers right?