Using Bpay to Pay off a Loan in Order to Meet Credit Card Bonus Points Spend?

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  sumyungguy on 14/05/2024 - 08:32

  Check which type of account the biller accept payments from.

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  Shadowsfury on 14/05/2024 - 08:34

  +3

  you usually will get blocked doing such financial transactions via credit card - it will pick up what type of product the bpay references are for

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  SmiTTy on 14/05/2024 - 09:02

  I use zip pay to pay things via bpay on my cc to get points. Things like ATO and government organisations. However it doesn't allow me to bpay to financial institutions (eg I couldn't pay a credit card account with another credit card) so I doubt u'd be able to pay your a home loan with that (and likely, most other similar tools/apps)

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  Ughhh on 14/05/2024 - 14:23

  Even if it does work, wouldn't it be triggered as cash advance?

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  AndyRates on 15/05/2024 - 10:53

  if you use bpay function from credit card does it treat it as cash advance? or you still able to enjoy the interest free period for that bpay transaction and earn points?

  • 

    FirstWizard on 15/05/2024 - 14:08

    Depends on the biller code.

    One can look up the Bpay Biller Code here to see if they support payments from credit cards.
    If it only says Savings and Debit, paying through a credit card will constitute a cash advance.

    Also, even if they allow you to pay via credit cards, I haven't found any banks that award points for BPAY transactions. If the transaction is not eligible for points, it's usually not eligible to meet the minimum spend (will have to double-check the PDS).

  • 

    tooblue on 15/05/2024 - 17:27

    +1

    From my experience,
    For those Biller Codes that only accept "Cheque, Savings or Debit Card", it won't even allow you to pay through credit cards;
    For those Biller Codes that only accept "Credit Card", the payments were processed as purchase, not cash advance;