ATO (tax office) payments by credit card

[andye]

@DeKa is quite right, the points from Sniip are just the sweetener. For me, the processors only really make sense for ATO if you have a highish earning card and are able claim a business tax deduction on the admin fee

 

[Chorizo]

These points are from Sniip themselves. You will still earn points from AMEX.

OK - thank you - I'm not sure if it makes sense for me with either of my cards, either. If I look at what it's costing me per point, paying $43.50 for 2500 QFF points seems a better deal than paying $109.45 for 5609.45 points (5000 tax + 109.45 fee + 500 bonus ... edit: the Sniip online calculator on their website says that this transaction would earn 6386 pts although I can't see how they arrive at that number).

Buying wine seems to be a better deal if you can find the right bonus offer?

 

[306]

OK - thank you - I'm not sure if it makes sense for me with either of my cards, either. If I look at what it's costing me per point, paying $43.50 for 2500 QFF points seems a better deal than paying $109.45 for 5609.45 points (5000 tax + 109.45 fee + 500 bonus ... edit: the Sniip online calculator on their website says that this transaction would earn 6386 pts although I can't see how they arrive at that number).

Buying wine seems to be a better deal if you can find the right bonus offer?

$5000 x 1.45% = $72.50 earns 2536 QFF points

edit forgot the extra 36 points on the surcharge

 

[Chorizo]

$5000 x 1.45% = $72.50 earns 2536 QFF points

edit forgot the extra 36 points on the surcharge

Ah OK thanks I think I was factoring in some kind of tax deductibility but looks like the fee is not tax deductible. So works out about 2.86c per point vs Sniip at somewhere between 1.71 and 1.95c per point?

I guess I'm trying to work out whether that's a better option versus say buying 6 x Blue Pyrenees Shiraz from Qantas wine for $237 and earning 9000pts, so 2.63c per point (not including the wine)