Are my calculations correct? Sniip bill payment at 1.5% credit card surcharge

Credit Cards & Credit Card Programs
1

I’m looking to pay an invoice for a family member via Sniip.

Invoice is $15904
Credit card surcharge is 1.5%
= $238 approx

I’d also get additional 1 Qantas point per $10 spent so the $15904 would mean another 1590 Qantas points.

So all up, 17494 points for $238.

23800 cents / 17494 points = 1.3c per point

Buying 17,000 points direct from Qantas would cost me $570.

It’s worth going the Sniip route?

2

Hi,
Yes, your calculations look right. I got 1.36cents per point.
If you were going to buy points from Qantas anyway, yes, it is better to go down the Sniip route.
As always, just make sure you are redeeming the Qantas points at a higher CPP.