TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Tesla Delivery Payment - Credit Card

Discussion in 'Australia & New Zealand' started by natetm3, May 7, 2019.

  1. PJF000

    PJF000 Member

    Joined:
    Dec 26, 2015
    Messages:
    487
    Location:
    Australia
    My 2c: best use of qff is business class to europe on points in classic seat bookings (256k points). After you pay the card's annual fee and airline taxes for the flight, you get between 1.5 to 2.5 cents per point value. On that basis it is not worth paying 3%. If you can buy things on Paypal and list your Amex card as the primary default, often you can get the points from the Amex card where normally a merchant won't accept it.
    It used to be easy, but now you have to work hard if you want "free" points.
     
  2. cynix

    cynix Member

    Joined:
    Jul 7, 2014
    Messages:
    809
    Location:
    Sydney, Australia
    Interesting, I was not aware of an Amex card that can transfer to QFF at 1:1.5 (or in fact any points-doubling promos in the first place).
     
  3. PJF000

    PJF000 Member

    Joined:
    Dec 26, 2015
    Messages:
    487
    Location:
    Australia
    Latest list of qff points from credit cards. Spend limits and cost of card need to be taken into consideration when calculating your average monthly spend on the card.
    Highest Qantas Point earning credit cards - Amex, Visa & MasterCard
     
  4. lonewolf313

    lonewolf313 Member

    Joined:
    Jun 18, 2014
    Messages:
    202
    Location:
    Sydney Australia
    When I hired a Tesla through Evee, they required a holding deposit of $5000. I only had a $5000 limit on my credit card so I deposited $7500 into my credit card so I had an extra $2500 min available for purchases during my 8 day hire. Of course, when I got back my holding deposit, I didn't need to make a credit card payment for at least two months afterwards.

    The same can be applied to a car purchase. Just add your limit with additional funds to cover the transaction in one go. If you have a $12000 limit and the car costs $50000, just deposit more than that amount onto your card before you need to withdraw the purchase amount using that card
     
  5. natetm3

    natetm3 Member

    Joined:
    May 5, 2019
    Messages:
    22
    Location:
    Melbourne, VIC
    #25 natetm3, May 10, 2019
    Last edited: May 10, 2019
    The Amex Qantas Ultimate could until 14th of April, at which point it (and a whole lot of other Amex cards) had their transfer or earn rates cut. That said, it can still do 1.25 today and there are Amex offers all the time, plus the airlines regularly have transfer bonuses (VA Velocity is running one right now). At the moment I'm on a 6 month 8.99% APR rate with my Amex and just made 5K points yesterday for spending what they wanted me to spend on the card they wanted me to spend it on.

    I'm not stupid, of course. I spent it on ebay gift cards at Woolworths which currently give 2K points (equiv of $10) per $100 gift card, meaning my $2K worth of ebay gift cards (3 years expiry) which will last me the next few months got me $200 free groceries plus at least 5K worth of QFF points, so at least $50 worth. $250 for spending nothing that I would not anyhow.

    That said, you need to be particularly lucky to get a double points offer right before a near $100K purchase at 3% to make it worthwhile. But the problem with a lot of people's math is an expectation that $1 = 1 point (pretty rare really, it's almost always less than that for Visa/MC and more than that for Amex, and when a Visa/MC card do offer it, it's almost always capped at a low monthly cap and falls to half a point after that) and then carrying that across, again as mentioned before 3% on a 1.5 ppd card with a double points offer is a net gain and I'd take it in a heartbeat (especially because this 1c per point valuation is seriously low). I run a spreadsheet of my redemption values and the highest so far was a 6.37 cpp upgrade from Economy to Business (thats a 2 cabin class upgrade Y to Y+ to J) for 30K points from PER to SIN on QF. Others sit comfortably around the 4c mark. Don't go buying toasters and use it for classic award bookings and upgrades and you won't fall below 1c (I have not gone below 1.47c and that was my first ever redemption, a stupid one, MEL-SYD return in economy which knowing what I know now I wouldn't do again).
     
  6. cs_jacky

    cs_jacky Member

    Joined:
    Jul 20, 2019
    Messages:
    10
    Location:
    Melbourne
    3% credit card charge seems to be too high.

    I checked the pricing information on Stripe which Tesla used their service to charge my deposit. The fee is just 1.75% + 30 cents for domestic cards (including Amex). (Stripe: Pricing & fees)

    If the fee is just 1.75%, it is worth paying the delivery payment with an Amex card for the points.

    It is not legal to over charge customers credit card processing fee in Australia.

    Did Tesla changed their credit card fee recently?
     
  7. one4spl

    one4spl Luke Smith - https://TSL43.info

    Joined:
    May 22, 2019
    Messages:
    87
    Location:
    Brisbane, Australia
    Can you part pay on credit card?

    I'll have all but about $5k in the bank ready to go. And can pay off $5k fairly quickly so I don't think getting finance (particularly with Peppers exit fees) it is good value compared to sucking up the interest on my MasterCard for a couple of months.
     
  8. Icey

    Icey Member

    Joined:
    Apr 22, 2018
    Messages:
    209
    Location:
    Adelaide/Melbourne
    Yes you can.
     
    • Like x 1
  9. LDCRS

    LDCRS Member

    Joined:
    Apr 23, 2019
    Messages:
    54
    Location:
    Melbourne, Australia
    An even better use is the round the world business class award which you can get for 280K points.
     
    • Informative x 1
  10. cs_jacky

    cs_jacky Member

    Joined:
    Jul 20, 2019
    Messages:
    10
    Location:
    Melbourne
    It depends on the fees you need to pay on your MasterCard.

    Without special promotions, all your outstanding and new card transactions will attach a ~20% p.a. interest.

    However, if you bank offers something like SmartPlan from Westpac which don't charge interest on new purchases but only charges an upfront 5% establishment fee (i.e., $250) with 0% interest for up to 12 months, it can be a good deal.
     
  11. Techno-phile

    Techno-phile S100D in garage with P3D and Roadster on order.

    Joined:
    Nov 13, 2014
    Messages:
    135
    Location:
    Perth, Australia
    #31 Techno-phile, Jul 22, 2019
    Last edited: Jul 22, 2019
    Or Qantas Amex card with 3.99%pa for 6months (and 60,000 Qantas Frequent Flyer points if you use a referral to open an account)
     
  12. paulp

    paulp Active Member

    Joined:
    Jul 23, 2015
    Messages:
    1,812
    Location:
    Adelaide, Australia
    Amex qantas card has just offered 12 months interest free on large purchases with a 4% admin fee.....so thats 4% per annum on a credit card subject to approval). They also charge a $500 annual fee but give you a $500 qantas voucher....and yes lots of points.
     
  13. cs_jacky

    cs_jacky Member

    Joined:
    Jul 20, 2019
    Messages:
    10
    Location:
    Melbourne
    Just received a reply from Tesla Australia the credit card fee for the final payment is 2.5%.

    You need to pay in person with the card.
     
  14. CAM3RON

    CAM3RON Member

    Joined:
    Apr 5, 2019
    Messages:
    20
    Location:
    NEW ZEALAND
    2.5% noice. I probably will do a cheeky 10k on credit card for some airpoints then
     
  15. RobDickinson

    RobDickinson Member

    Joined:
    Jun 23, 2019
    Messages:
    255
    Location:
    New Zealand
    Pay in person? It's 2019 and they are a silicon Valley company?
     
  16. paulp

    paulp Active Member

    Joined:
    Jul 23, 2015
    Messages:
    1,812
    Location:
    Adelaide, Australia
    I must be missing something.....I dont know your card earn rate, but why would you pay $250 for around 10,000 points? 12000 points will save you the $210 cost (qantas, others are even less) for a flight sydney to adelaide. It seems buying points actually costs more?
     
  17. cs_jacky

    cs_jacky Member

    Joined:
    Jul 20, 2019
    Messages:
    10
    Location:
    Melbourne
    It depends on your situation.

    AMEX Platinum charge card gives 11250 equivalent Qantas for $10k.

    I used 25000 qantas points to upgrade my flight from Premium Economy to Business class on a trip from Singapore to Melbourne. Each point worths about 6 cents in this case.

    My final payment is $34k and I don't feel I want to pay $850 for the points.
     
    • Like x 1
  18. OzVic

    OzVic Member

    Joined:
    Jun 20, 2019
    Messages:
    34
    Location:
    Australia
    Considering Australian Law forbids charging more than the actual cost to them, what shitty bank would they be using that charges them 2.5% for Visa & MasterCard?
     
  19. raynewman

    raynewman Active Member

    Joined:
    Oct 11, 2014
    Messages:
    1,303
    Location:
    Brisbane, Australia
    Paypal :D
     
    • Funny x 1
  20. PJF000

    PJF000 Member

    Joined:
    Dec 26, 2015
    Messages:
    487
    Location:
    Australia
    There are a few. Tyro would come close.

    Anyway, it is mostly false economy. Generally there is no guarantee of an upgrade even with high value Qantas status. The fare you upgrade from has to be full fare, classic seats incur taxes on overseas flights, a card that gives at least one point + per dollar on a big spend or unlimited limit is $400 pa and more, so when you add it all up a 2.5% fee usually negates the point benefit.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC