Finally:http://www.ato.gov.au/businesses/content.asp?doc=/content/33696.htm&page=3#P44_1403
Finally I get something back (points) for collecting tax for the ATO.
Only if those points are worth more to you than the 0.67% credit card surcharge you will pay on top of your tax.
Having a credit card is like crossing a minefield. Some people make it through OK, unfortunately most of us don't fair so well.
The 'points' incentives are there in an attempt to get you to become a 'revolver'. This is the credit card company's word for the majority of credit card users who are always paying off interest.http://money.ninemsn.com.au/article.aspx?id=100311
If you want to avoid paying interest on credit cards.... pay them off in full at the end of the month. Unfortunately, this means that you have to live within your means (ie don't spend more than you earn).
Depending on the bank, it is possible to set up an 'auto' payment from a house loan to a credit card. That way you can use the card to buy your stuff (using the interest free period on the card), then, just before you have to pay interest at card rates (20%?), the money is transfered from the home loan to the card.
You still pay interest, but at home loan rates, and no interest until the end of the month (and get your points if that is of any value).
Hope this helps?
Select to expand quoteSkid said...
If you want to avoid paying interest on credit cards.... pay them off in full at the end of the month. Unfortunately, this means that you have to live within your means (ie don't spend more than you earn).
Used this way they are great, usually no bank fees just a one off yearly card fee. limitless transactions, just don't spend what you havn't got. Not that hard really.
Before I got divorced, a thief once stole my wife's credit card. She went to call the bank straight away to cancel the card and get a new one. I told her to hold off for a few months, cos the thief was spending less than she did 
