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RewardPay Alternatives

Cruiser Elite

Enthusiast
AFF Supporter
Joined
Oct 31, 2010
Messages
10,902
Flights
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I think it best to look at raw costs and disregard GST / Tax implics - some people can claim the GST or both - others neither - some others entire cost - hence raw figures are all ever look at
 

Bell21

Member
Joined
Jan 11, 2018
Messages
338
my calculations are not matching with @Bell21
where am I going wrong?!?

payment amount
10000​
$
surcharge
1.1​
%
points per dollar
0.825​
points earnt
8250​
surcharge paid
110​
$
points earnt on surcharge
90.75​
cost of 1 point
0.013333​
without surcharge points
cost of 1 point
0.013188​
with surcharge points

If i put CE's values above it matches, so my calculator seems right

payment amount
10000​
$
surcharge
1.95​
%
points per dollar
1.125​
points earnt
11250​
surcharge paid
195​
$
points earnt on surcharge
219.375​
cost of 1 point
0.017333​
without surcharge points
cost of 1 point
0.017002​
with surcharge points
Hi - I'll have a look at this this evening and spell-out my working - btw, I'm using a business tax rate of 27.5%
 

Bell21

Member
Joined
Jan 11, 2018
Messages
338
I think it best to look at raw costs and disregard GST / Tax implics - some people can claim the GST or both - others neither - some others entire cost - hence raw figures are all ever look at
Sorry - I omitted to explicitly mention an assumption - I'm pretty sure only did calculations with business expenses in mind (as GST is irrelevant then), as if you can't claim GST / business expenses, then in my book, none of the online payment points options are great value presently (eg, YP is over 1.3 cents / point), so that's why I don't work on raw costs --- EBP used to work for raw costs (personal expenses), but sadly, those 0.8% days are over :( - as per message to Daft009, I'll spell out calculations this evening, so that YMMV, each can work from their own parameters!
 

daft009

Established Member
AFF Supporter
Joined
Feb 21, 2014
Messages
1,346
Qantas
Bronze
Virgin
Red
Flights
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I kept my calculations raw just for the sake of each comparison.
Yes 10% would come off for GST on top
 

Bell21

Member
Joined
Jan 11, 2018
Messages
338
Your calculation was fine - I misquoted something. Below is the table I use :) - let me know if something isn't clear and I'll repost with changes
1574435711631.png
 

Bell21

Member
Joined
Jan 11, 2018
Messages
338
Can confirm your numbers are accurate. Miss those days when EBP was 0.008 and RP was 0.0129 PP...
So sad :( - I'm not too fussed re EBP, as that was too good to last, but RP, RIP!!

Yes, I believe YP is part of Payment logic.
 

twiningb

Member
Joined
Sep 2, 2015
Messages
295
Isn't 2.20% (inc GST) better than the bottom tier of RewardPay? And if I'm reading correctly, it's not limited to business payers?
 

twiningb

Member
Joined
Sep 2, 2015
Messages
295
Actually I just saw this:

Sniip Amex.jpg

If it's dependent on the biller, what the hell is the point? What do Sniip bring to the table?
 

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