I am new to all this points collecting practice. It seems like it’s actually quite easy to collect 250k points with many credit cards offering sign-up bonuses and some cards paying 3 points per dollar spent.
I have read that the ATO might pick up on anyone who has accumulated 250,000 for audit.
I know that not all points are equal in value but somehow it seems the ATO has decided on 250k points as a trigger regardless of actual value of points.
Has anyone been audited (or heard of such) because of earning 250k in reward points? One needs to collect large amounts of points every year for the whole practice to be meaningfully useful and it just seems so not worth the effort if a big audit is triggered because of it.