WARNING - Don’t use RewardPay/Amex to make a personal SMSF contribution.

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lovetravellingoz

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All I did was send 3 payments via PayPal to my s.o., she did the same. ...

Well not surprised that this ended badly. People effectively paying themselves is always deemed a no no.

A lot of small business operators get caught out too when they get a merchant facility and start churning their own cash through it to earn points.
 
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cove

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Feb 15, 2008
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yes the only time I use my CC at work is when I am genuinely buying a product. The idea of slushing money thru can be treated as cause for cancellation.
 

albyd

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Apr 7, 2011
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2,298
Am Considering a BPay to my SMSF account (this is one deposit method offered by my fund's bank) via a rival service. Has anyone had any experience with this method. I like the idea of getting a few extra points for this but don't want to endanger my otherwise very clean record with Amex and the ability to earn on everything else.
 

KLN

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Oct 26, 2009
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While this is hard work for you and I feel your pain, this has given me a new avenue to earn LOADS more points.
i've put thru $620K thru here in the last year, and haven't even done the Staff Super yet
 
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KLN

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both of my SMSF payments made successfully thru REward pay yesterday. points and transaction all posted correctly. maybe the SMSF having a completely different name was the difference. phew!
 

potm

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Aug 29, 2010
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506
Why would you do it after reading the experiences on here? Risk your whole account with Amex for not a large amount of points that comes at a cost anyway.
 

KLN

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Oct 26, 2009
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Why would you do it after reading the experiences on here? Risk your whole account with Amex for not a large amount of points that comes at a cost anyway.
i had only just done it, and then read the thread
 
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