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?