How to turn your business tax bill into Qantas Points

Most savvy business owners turn their everyday expenses into upgrades and flights by making payments with points-earning credit cards.

And if you want to power up your Qantas frequent flyer points for large outlays such as ATO payments for your quarterly BAS and annual tax bill, now’s your chance.

RewardPay is currently running a 35% bonus Qantas Points promotion for payments made through its online platform.

As a quick recap, businesses can use platforms like RewardPay to make payments to suppliers and institutions which don’t accept credit cards – especially American Express credit cards. 

Because RewardPay essentially turns your credit card payments into an EFT (electronic funds transfer) or BPAY payments, this covers everything from renting your office space to government and superannuation payments.

And by linking their RewardPay and Qantas Business Rewards accounts, RewardPay members can also earn 1 Qantas Point per $1 paid through RewardPay.

This means you can ‘double dip’ on rewards, earning once on your American Express card and earning a second serve of points through Qantas Business Rewards.

RewardPay is currently offering a 35% Qantas Points bonus for payments made between 1 June and 31 July 2024 – so whenever you’d normally earn 100 Qantas Points your haul would in fact be 135 Qantas Points (check www.rewardpay.com.au for full details plus T&Cs).

RewardPay charges your business a small fee for each transaction, and even that fee is tax deductible as a business expense.

Under RewardPay, the ‘cost’ to your business is 1.8% of the bill per Qantas Point, which is one of the best rates in the market.

Anyone with an Australian Business number (ABN) can use RewardPay to turn business costs into points, and then connect their Qantas Business Rewards account to their profile.

If you’re already a RewardPay member but haven’t joined Qantas Business Rewards, click here to sign up to Qantas Business Rewards for free (a saving of $89.50).