I went to Australia Post today and I'm wondering if It is possible to buy one of those Australia Post Load & Go Visa cards for $6.95 and load it up with ING pay wave each time I go past the post office - and therefore accumulating enough money to pay large bills with it? This effectively will allow me to get 5% cashback on all my bills? Has anyone tried this?
ING cashback is now 2 percent on the paywave transactions.
I split my bill payments to get the cashback:
Example - If I have a $350 rates account, I may pay $90, $90, $90 and $80 in 4 separate transactions and get the full $7 cashback.
Just got to keep track of how much you're paid!
You can do the method above when paying on different days or with a few hours in between, for example, drop in to the post office on the way to and from 'work/other regular car trips' pay $99 bucks at a time
I guess you could use this for all online purchases too hey.
Edit: From looking at PDS, it looks like you can withdraw money from it from ATM straight away, instead of waiting to pay bills.
So you may be able to just load up as much as possible and then just widthdrawl it from ATM, deposit back into ING account, rinse and repeat. Can anyone confirm this?
Yeah got in trouble with ING for splitting payments before. I ask because I want to pay my council rates with it as I still have the 5% cash back till Nov. But is it possible to pay $99 at a time off a bill over a period of a few weeks? I thought to pay a bill at Australia post, you have to pay the whole lot?
I've done it before to pay my car insurance, you can do it if the bill has Post Bill Pay. Bill was $103, I paid $99. Paid the rest online later. Pretty sure most bills you can split payments although the guy at the counter made the comment that with some bills they dont let you split payments (it depends on the company).
Also it doesn't need to be a few weeks, I called ING about it the other day, they said even a few hours between transactions is okay, just can't be transactions within a few minutes. I'd probably leave it to one a day to be safe, probably more convenient anyway.
Australia Post is happy to take part payments in nominated amounts. In fct, I recently split a monster gas bill into 6 parts! Don't be too obvious - e.g. all $99 transactions and don't split the payment all on the same day.
Found this on the post office website in regards to the Visa Pay and Go cards:
Visit a participating post office and load your card using cash or EFTPOS.
I guess the question is, is using ING 'paypass' counted as 'EFTPOS'?
Paypass/Paywave are credit transactions.
lm currently using ING card to paid bills at Post for the AGL and rates notice both accept credit card paywave. my technique is paid about $99.96 twice a day then work out the rest. as the both bills about $400-$600. This way no call from ING. working very good so far
This is interesting indeed. I tried to buy one of those Load & Go cards before using a credit card, and they wouldn't let me. So I guess if greenpossum is right and that paywave is credit, then it won't work. But I always thought paywave is eftpos?
Would like to see someone try.
I have confirmed with ING before that "VISA" paywave counts as credit card transaction even thought it's taking money from you bank account straight away.
I think this would easily solved if somebody actually went to try it.
Or somebody already have?
I think paywave at the post office used credit account. If you use sav or Chq it is different than pressing credit
Don't think it wil work sorry.