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Pay Rent Using Your Credit/Debit Card and Earn 1000 QFF Points on 1st CC Payment and 1000 QFF Every Year. Fees Apply

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Pay Rent Using Your Credit/Debit Card and Earn 1000 QFF Points on 1st CC Payment and 1000 QFF Every Year. Fees Apply
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Pmaverick1 on 01/05/2017 - 21:42 rentalrewards.com.au (332 clicks)
Last edited 01/05/2017 - 21:44

Register on rental reward to pay your rent by credit card and make your first payment to earn 1,000 Qantas Frequent Flyer points and an additional 1,000 Qantas Frequent Flyer points every year*. Register your bank account and make your first payment to earn 250 Qantas Frequent Flyer points and an additional 250 Qantas Frequent Flyer points every year.
Registration points will be awarded within 8 weeks of your first rent payment. Yearly points will be awarded within 8 weeks of the anniversary of your registration after 12 months of consecutive payments.

Please note rental reward charges fee for all rental payments. Please read all the conditions.
This is one of the very good ways to earn points on your rental spends (which usually don't earn any points, assuming lot of people use BPAY etc) or for people looking to meet minimum spend threshold to get that sign up bonus.

Fees -
Monthly Membership Fee^: $5.
Bank Account payments: No cost.
Credit/ Debit Card payments*: 1.1% + $2 transaction fee.

^The $5 monthly service fee will be charged quarterly on 1 December/ March/ June/ September & pro rata for the quarter at the end of your joining month.
*A $2 transaction fee will be applied to all credit/debit card transactions. Some payments over $500 by some card categories (e.g. premium cards) may attract an additional $10 transaction fee. Payments over $3,000 by card will attract a 1.76% fee only. For exact fees for your rent amount and card type, register onlin

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rentalrewards.com.au
rentalrewards.com.au

closed Comments

  • YOTR on 01/05/2017 - 21:48
    +11

    Sounds like an expensive way to earn a very small amount of points. Pass.

    • maverick1 on 01/05/2017 - 21:56
      +2

      true - the signup 1000 OFF is not attractive. It is more useful when u think in term of earning reward points on your cc spend.
      Example: Amex Explorer 2points/ $ spend.
      Assuming a rent outgo of $3000/month which then makes the fees capped at 1.76%
      Annual Cost: $633.6 (transaction cost) + $60 a/c maintenance.
      AMEX MR points earned = 72,000
      Converted into Krisflyer or Asia Miles = 54,000 (1MR = 0.75 miles)
      Cost/mile = $1.3c/mile, which seems to be worth it for Kris, Asia, Velocity.

      Different cards will have different earn rates etc.

      Please correct me if I am wrong.

      • stumo on 02/05/2017 - 09:36

        Some payments over $500 by some card categories (e.g. premium cards) may attract an additional $10 transaction fee.

        So there's that.

  • BluBoy on 01/05/2017 - 21:59
    +2

    For rent of about 500pw, that's about $200 per year in fees for 1,000 QFFP (best case scenario)

    • aussman on 01/05/2017 - 22:06

      nope pay with credit card especially amex - that's 27000 points
      $370 fees
      some amex are more than 1:1

    • maverick1 on 01/05/2017 - 22:07

      Yep as I mentioned - this deal is more useful to earn regular reward/ FF/ points on your rental spends for people who currently pay using direct bank transfer, BPAY etc as this spend doesn't earn any miles or reward points and plus you get to earn 3% interest at ING (upto 55 days for some credit cards) by paying your rent via CC.

  • Aussiebargainer on 01/05/2017 - 23:09

    Wouldn't AMEX charge this as a cash advance instead of a purchase meaning no cc points and hefty fees?

    • Turd on 01/05/2017 - 23:22
      +1

      No, purchase is charged

      • Aussiebargainer on 01/05/2017 - 23:25

        Great deal then. Wish i could pay my mortgage the same way. My AMEX pays 2 x $1 so if renting for $700 per week would get 1400 points weekly.

  • [Deactivated] on 01/05/2017 - 23:11

    Currently using deft.com.au with 1.5% fee for master & visa.

    1.1% + $2 + $10 doesn't seem like a deal for me but since my previous agency only supported bpay, this might be a good option in that case.

  • gruso on 01/05/2017 - 23:45

    So looking at the signup info, it appears that your particular agent needs to be listed as supporting this system?

    • [Deactivated] on 02/05/2017 - 07:51
      +1

      yeah you agent needs to be listed.

      Can anyone really be ahead paying the fees vs points?
      I seriously doubt it.

  • alxr0101 on 02/05/2017 - 09:32

    What a joke! 2000 measly points

  • pantsparty on 02/05/2017 - 09:32
    +2

    This is not a good deal. For the average rent, transaction costs of $250 or $300 a year for 1k worth of Qantas points? You can sign up for credit cards with no annual fee and get 75,000 bonus points.

    • JohnHowardsEyebrows on 02/05/2017 - 12:41
      +1

      That's missing the point…it's not the paltry bonus points that matter, it's the points your credit card company gives you on the payments that counts. If you had Woolworths Qantas for example, that'd be ~ 20k points for that $300. Not a no-brainer, but worth it for some.

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