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- Aug 1, 2008
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Very interesting
$200k/month
so 2.4mil/yr.
2.1% of that is ~$50k
What Ralph is saying... how will you use the points once you earn them?
then you can doing the same with $ vs points, what does that equate when its $ per point.
EG: Syd to Melb & back on Tiger might be $120 return and fine for you.
the same with points on Qantas/Virgin might need 30,000 points.
in this case, (120/30000) = 0.4c/point of value
then how much is rewardpay (or another payment processor) charging you in fees.
on the $200k/month how much fees will you be paying?
accordingly you can work out the cost of 1point.
you would hope the cost of earning a point is less than what you use it for
otherwise just stick to paying cash.
have a read here, Simple Point Value Calculator - Point Hacks
$200k/month
so 2.4mil/yr.
2.1% of that is ~$50k
... but there are also a few other cards that have the same kind of worth
Which other cards are those?
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Hey guys,
I have a quick question regarding RewardPay.
I recently got a AMEX Business Platinum Card and none of my suppliers use any credit card facilities.
I roughly spend around $200,000 on supplier bills and ATO bills per month and was wondering if using RewardPay is worth while using. I know there is a fee involved with transactions and that would be tax deductible, but I really wanted to know if the fee vs points is worth it for me or not.
Kind regards,
NoHey guys,
I have a quick question regarding RewardPay.
I recently got a AMEX Business Platinum Card and none of my suppliers use any credit card facilities.
I roughly spend around $200,000 on supplier bills and ATO bills per month and was wondering if using RewardPay is worth while using. I know there is a fee involved with transactions and that would be tax deductible, but I really wanted to know if the fee vs points is worth it for me or not.
Kind regards,
Well I did my first transfer -
$38,000 Reward Pay supplier bill cost me $940.39 in RP fee's and I got roughly 68,532 points.
What's the rate you're on if you don't mind me asking
20k to < 100k | 2.10% | 1.47% |