How to calculate the cost of QFF points when signing up for a credit card?

Credit Cards & Credit Card Programs
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Hey,

I’m looking out for my next Credit Card and with Xmas coming up, a new CC with sign on QFF points is in my sights.

Only just had a quick look.

I am eligible for a St. George Amplify Signature with 80K QFF points with $179 first year fee.

and if I calculate correctly 17900 / 80000 = ~$0.22 per point

I could probably make the 4k min spend in the first month if:

Are payments to the NSW RMS for car rego eligible towards min spend? not to worried about the about the accumulated points from cost of rego.

cheers

gadgets

2

Hi Gadgets,

Two bits of good news and one bit of bad news. First, the good news:

  • You don't have 30 days to meet the $4000 minimum spend. You'll have 90 days.
  • Your calculations are incorrect. It won't cost $0.22 (22 cents) per point. Each point will cost 0.22 cents (ie. $0.0022).
And the bad news...
  • According to the card's terms and conditions, "government fees" are not counted as "eligible purchases", so no, paying for your rego won't count.
Hope this helps!

 

3

hmm…

after reading some other questions and articles and reverse engineering the math, the card fee in dollar amount needs to be converted to cents - can be done before or after the division as long as its done once.

So $179.00 x 100 to make cents = 17900

17900 / 80000 = ~$0.22

or

$179 / 80000 = 0.0022 x 100 = ~$0.22

Can someone confirm this thanks.

As for the gov bills, I’ll easily make the $4k spend in 90 days.

regards

gadgets

4

Hi Gadgets,

I can confirm that your maths is incorrect. Sixtyeight is correct.

17900 cents / 80000 points = ~0.22 cents per point

OR

$179 / 80000 points = ~$0.0022 per point
0.0022 dollars per point x 100 = 0.22 cents per point

 

 

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