Buying gift cards with ING PayWave and getting 5% cashback

Related Stores

ING

• 

  nobby on 08/06/2014 - 14:16

  +2

  Shouldn't be a problem. I went to big w last week and bought a $50 jb hifi gift card during the 10% friends and family discount. Paid by paywave and got the 5% rebate credited to my account as usual.

• 

  Russ on 08/06/2014 - 14:50

  Nobby, thanks for the feedback.

  I wonder if ING would be upset if I bought five $50 cards over five days, so I could buy something worth $250?

  ING might claim I was gaming the system, with some justification. Anyone tried it and received a complaint?

  • 

    Morien on 08/06/2014 - 15:13

    +2

    No. You worry too much. It's fine.

    • 

      andyman1908 on 08/06/2014 - 16:19

      +1

      Hi Russ. If u have the time (to space the purchases of $50 cards between 5 visits) I would recommend u do that. I use my ing card to pay bills at auspost and do <$100 payments over a few days (if bill is a couple hundred dollars worth).

      May I also suggest to save a little time u could purchase $100 wish cards each time and pay $1 as cash so passwave amount is $99 so it'll only take u half the amount of visits.

      Hope this helps.

      • 

        FutureTech on 09/06/2014 - 09:40

        +1

        Auspost takes credit card for paying bills? Last time when I tried to do that they told me credit card is not accepted.

      • 

        nobby on 09/06/2014 - 10:27

        +1

        I think it depends on the payment policy of whatever utility company you're paying. eg last time I tried to pay my Telstra bill by paywave at auspost they said wasn't allowed, whereas I could pay my origin bill.

  • 

    c64 on 08/06/2014 - 18:44

    i think you might get noticed if you buy several cards at once, mainly because they might fear your card has been lost and someone is on a contactless spending spree. people have been hassled for doing too many transactions in a very short period of time. there is some clause in the t&cs about abusing "the spirit of the promotion" (i can't remember the exact wording)

    you can also do a split payment at woolworths/coles, buy a $100 gift card and pay $1 cash + $99 card.

    gift cards might also come in handy if you want to buy something online (for which you cannot use paywave)

    • 

      FutureTech on 09/06/2014 - 09:35

      Hmm.. Something like fair use policy. I recall there's a term that says 'everyday purchase only'

• 

  Russ on 08/06/2014 - 17:35

  Thanks all, looks like I can do much more with the 5% discount than I thought!

• 

  dimes on 08/06/2014 - 18:56

  -2

  I've recently received my ING card as well, and have been wondering whether an arbitrage-like opportunity arises.

  Simplest way I can think of is to buy a gift card, say $50 worth, you pay $47.50 and sell it to someone for $49? This particular example is extremely hypothetical I know, as it wouldn't be practical to do all that work for a $1.50 gain.

  Another question I have is what is the most effective way of using this card? My best personal scenario is where I go to Woolworths to buy a Travelten costing me $28.80 (which is a necessity for me), buy some candy to get me over the $30 mark, then I get 5% off the total AND the fuel discount docket.

  I then take the docket to get 4c/litre off my fuel AND use my card to get 5% off that. This way I've received a fuel discount docket for purchasing a necessity, gotten 5% off that necessity, gotten a fuel saving AND 5% off that fuel.

  Sorry if this hijacks the thread. Happy to start a new one if appropriate.

  • 

    Morien on 08/06/2014 - 20:02

    +1

    We're talking 5% here. That's 5 cents out of every hundred. $50 every $1000. It is nice, but it isn't exactly how Scrooge McDuck gained his fortune.

    I think this is getting kind of ridiculous how people are trying to figure out how much they can get out of it.

    • 

      ozb-442 on 01/07/2014 - 19:19

      $5 out of every hundred**

  • 

    Boshait on 09/06/2014 - 08:45

    Good luck selling a $50 gift card for $49.

    • 

      dimes on 09/06/2014 - 10:48

      +1

      I did say it was a hypothetical.

  • 

    FutureTech on 09/06/2014 - 09:37

    +1

    Travelten is good. A lot of place won't take cards (not just credit cards) for travelten as its margin is low

• 

  Peck on 09/06/2014 - 09:31

  +4

  I believe that it is good to keep ING 'on-side'. A heap of exact $$ amount transactions, especially $99 is a good way to get them 'off side'. Come on! I think that users can be smarter than that! eg. Spend $17.55 at Woolies, and buy a $70 gift card. Total spend $87.55. Accumulate these cards for online shopping, or for shopping where you will go over the $99 amount (Split payment) or for where the merchant does not have 'tap and go' facilities. It is also good to have a few for when your 5% off is due to expire. Come on Ozb'ers, it is not hard!!

  • 

    Boshait on 05/08/2014 - 06:53

    A heap of exact $$ amount transactions, especially $99 is a good way

    $99.90 is a better way. You get the maximum $5 rebate. Most places will let you use multiple cards for one transaction. Put the first $99.90 on the ING card paywave, the balance on another card.

• 

  RockyRaccoon on 09/06/2014 - 20:57

  Nothing wrong with buying a $50 giftcard at Woolies with your ING card, then buying one at Coles the next day and so on.

  But as the OP said this is only good for situations where you cant use your ING card directly, like purchases over $100 or online

  • 

    Peck on 10/06/2014 - 09:37

    I think that purchases at different shops in the one day are ok, only looks bad if you do more than one purchase at the one shop in the one day and the total of the purchases at the one shop exceeds $99. I know that it might be legitimate, but it looks bad, and ING may put a black mark against your name. (not good if you want to get an offer to extend your 5% rebate period by referring a new customer)

• 

  729fx on 12/06/2014 - 21:38

  +3

  I bought $697 TV at Dick Smith with Woolies Wish Cards. Separated the gift card purchases over 4 days so that it did not raise any alarm bells with ING.

  Also used weird $ gift card values like $92.83, 89.17 etc. to make it look like everyday transactions.

• 

  [Deactivated] on 24/06/2014 - 09:58

  +1

  Remember that ING doesn't know what you are buying. They don't get a copy of everything on your Woolworths receipt every time you shop there.

  In regards to detection of purchases, Indications from other oz bargain members is that if you put a bunch of $80+ transactions through at the same store in quick succession (i.e. 5 transactions in 30 minutes from the same terminal), then they will cancel the discount for those transactions, and ring you up to give you a warning.

  So in short, buying a $50 card once or twice a day should be fine.

  • 

    Boshait on 05/08/2014 - 06:56

    In regards to detection of purchases, Indications from other oz bargain members is that if you put a bunch of $80+ transactions through at the same store in quick succession (i.e. 5 transactions in 30 minutes from the same terminal), then they will cancel the discount for those transactions, and ring you up to give you a warning.

    Link? The only story I recall about someone getting a nasty call was the guy who withdrew $2200 every lunchtime then immediately redeposited it.