PAY YOUR RENT AND BOND WITH AMEX/Visa/Mastercard [merged threads]

[adamonline]

It is interesting though I'm not sure how new it is. It was noted on an earlier thread at the beginning of the year.

A

[wallacej]

I used this company during 2005, had no issues until the end when another payment was debited after I cancelled the service. However a credit was returned to me, along with a very apologetic email.

Just have a look at the fees and if it works for you, and you pay your cards off so aren't paying interest then it maybe worthwhile...

I ad actually forgotten about that crew!!
Cheers

PS - I used Stockdale Leggo as my agents at the time so I guess if they as a large group know, most others may know of them...

[Maca44]

I have been using rentalrewards.com.au on my ANZ Visa since October 2005 without any problems, points transfer the same etc. I have to pay rent in any event so why not take advantage of the additional benefit of points

[Nutcase]

I have been using rentalrewards.com.au on my ANZ Visa since October 2005 without any problems, points transfer the same etc. I have to pay rent in any event so why not take advantage of the additional benefit of points

Thanks Mate, at last someone who understands me!

Interesting that Tenants are treated like second class citizens - Im a landlord and a tenant for tax reasons and it never ceases to amaze me the complete lack of interest the real estate agent that I pay my rent to has in me. He's a new guy and doesnt realise that Im on both sides of the equation. He takes 2 or 3 days to get back to me on stuff, doesnt seem interested and puts the rent up regularly. He never told me about this deal with Credit cards either. If he was smart, he'd milk this one to death!

[Mal]

So how does it work?

How does money get transferred from your card to the rental agency? Do you give bank account details? BPay details? Or do they just post cheques or something similar?

[Maca44]

So how does it work?

How does money get transferred from your card to the rental agency? Do you give bank account details? BPay details? Or do they just post cheques or something similar?

All they asked me for was my details, address where rent is for, contact detaisl, real estate agency, credit card details, next rent due, rent amount, rent frequency that I wish to pay. Have never heard of them since signing up, and for that matter, have not heard from the real estate agency for 18 mths.

[NM]

YMMV but for me $326.70 (11,000*0.0297) for a Y-J West-East upgrade is money well spent.

According to a letter I received today regarding Amex Rewards Concierge, my Amex Membership Rewards points are worth 0.64 cents/point. However, I agree that there are ways to get far better value out of points than the concierge service.

[one9]

It always surprises me how much people value their points for. In my opinion people become so hyped, they forget to consider the true costs of things such as the cost of the inconvenience of trying to find a suitable flight, the cost of not receiving points or status etc., the cost of the extra night away because your need to be flexible with your flights etc.

Whilst probably against the rules, if you truely value points so highly have you considered getting your own merchant account and then charging your own credit card. If you have a business you could do this and then refund yourself by cheque or bank transfer.

The merchant fee that my business is charged is 0.7%, so it seems that 1.2% still allows the rental payment processing company at least 0.5%, and I wouldn't be surprised if the company takes a fee from the rental agency as well.

[opusman]

Whilst probably against the rules, if you truely value points so highly have you considered getting your own merchant account and then charging your own credit card. If you have a business you could do this and then refund yourself by cheque or bank transfer.

It's completely against the rules unfortunately, I suspect your merchant account wouldn't last very long if those were the only transactions going through it.

Also, it normally takes a considerable turnover to score a merchant fee as low as 0.7%. Starting rates are normally around the 3-4% mark in my own experience.

[lovetravellingoz]

It always surprises me how much people value their points for. In my opinion people become so hyped, they forget to consider the true costs of things such as the cost of the inconvenience of trying to find a suitable flight, the cost of not receiving points or status etc., the cost of the extra night away because your need to be flexible with your flights etc.

.

True....but I seem to be lucky in being able to get flights where I want to go....and for a family of 5 each time.

Certainly not always......

But have just this week booked for New Caledonia over Easter which is also School Holidays (admitedlly March is a wet month, but is also a pleasant 28).

The difference between the cheapest flight I could find inc taxes and redemption inc taxes was $2779.95 which at a cost of 180,000 points represents 1.54 cents per point.



I don't use redemptions where I cannot achieve a reasonably high rate of cents per point.

I also do not use the AMEX or VISA if I can get things cheaper for cash.



However your "scheme" of 0.7 to "earn" say 1.5 plus is an interesting one...