Hi Everyone,
Can anyone tell me if I pay stamp duty/ deposit with a credit card and will there be extra costs involved? I heard I can only pay with bank cheque or direct debit. I just thought that I could put my rewards card to good use. Of course I will credit my credit card account before I use it to pay for the costs.
Cheers
JoIm not sure about stamp duty but i know OSR charge a 1.5% CC fee for most of their service….so 1.5% on a $15,000 bill is a bit of a whack….
Regards
MichaelMick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone MeSame Banks. Better Rates. Served With a Passion.
Yep sounds quite hefty – I doubt the points will make up for it.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Some agents will accept a small part of the deposit on a card but be wary of the fees.
I am pretty sure that stamp duty must be paid by bank cheque – solicitors are pretty rigid on that count.
Unless you are buying the property for cash (and thus deal with the stamp duty yourself directly with your state revenue office), the bank normally pays the stamp duty on your behalf, so I suppose you'd have to speak to them. If you can somehow arrange to pay the stamp duty on your credit card, be aware it might be treated as a cash advance, so be sure to deposit all the monies in your credit card account before the stamp duty is charged. Otherwise you'll be paying heaps in interest.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Thanks for the info everyone. Yeah if there's a charge then it's definitely not worth it. But Thanks anyway
JO
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