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RentPay Shopping Discounts and Bill Smoothing

Getting the most bang for buck from RentPay

Check out the scenarios we’ve mapped out in this article to find out how savvy RentPay users are reaping maximum savings, rewards and benefits.
3 minute read
RentPay Shopping Discounts and Bill Smoothing

RentPay is more than a rental payment platform and digital wallet. We’ve intentionally packed in raft of features which provide Aussie renters with convenience, choice, rewards and financial benefits.

Check out the scenarios we’ve mapped out in this article to find out how savvy RentPay users are reaping maximum savings, rewards and benefits.

The top features RentPay users access to get the highest dollar value return are:

  1. Exclusive shopping rewards – save between 3% to 15% on the money you spend at 140+ of Australia’s top retailers through RentPay partner, Paylab.
  2. Bill smoothing cashback – get up to $5 cashback each week (up to $260 per year) when you bill smooth your Origin electricity and gas bills with RentPay.
  3. Hacking credit card points – quickly rack up points for your next holiday by using a points-earning credit card to pay your rent via RentPay, with the lowest credit card transaction fee in the market at 0.99%.

The following examples show you a few possibilities for how you could take advantage of these features to spend less on the things you already need to pay for, or be rewarded by paying your rent smarter using RentPay.

Using RentPay with shopping rewards and energy bill smoothing

To help make things clearer on how RentPay can help users make every dollar stretch further, we’ve put together a few examples to show how it could work for you.

For demonstration purposes, the assumptions we’ve made about the RentPay users’ situation in the following scenarios are based upon:

  • Making rent payments of $500 per week
  • Using either direct debit or PayID as their preferred payment method which incurs zero transaction fees
  • Spending $500 per month on groceries
  • Calculations for a monthly period
  • The net monthly or annual cost/benefit excludes rent

We then calculated net cost/benefit per month using RentPay’s key features which help users to save money or earn cashback on living essentials, such as grocery supplies and energy usage:

  1. Shopping discounts through Paylab
  2. Bill smoothing cashback with Origin Energy

Please note, additional charges apply if you choose to use a debit/credit card, BPAY or international payment options, or opt in for RentPay’s credit score feature builder.

The outcomes of the scenarios (with the previously mentioned assumptions) in the above table are:

  • If Adam makes direct debit or PayID payments, and uses the RentPay features of Paylab shopping discounts plus energy and gas bill smoothing with Origin, he’ll be up at least $37 (+$444 per year).
  • If Brooke makes BPay payments, and uses the RentPay features of Paylab shopping discounts plus energy and gas bill smoothing with Origin, she’ll be at least $29 better off per month (+$348 per year)
  • If Calvin makes debit / credit card (Mastercard or Visa) payments, and uses the RentPay features of Paylab shopping discounts plus energy and gas bill smoothing with Origin, he’s saving some $13.20 per month (+$158.40 per year).

As you can see, it doesn’t take much to make using RentPay more rewarding for you.

For a low $2 monthly subscription to use RentPay, you gain access to features and benefits which help you to put more towards your rent and other bills, or into your savings!

Making RentPay work for you

Your own personal situation may somewhat match or be completely different to the above scenarios we’ve outlined. Hopefully, it at least gives you a few ideas on how you can make the most out of your RentPay account.

Based on how RentPay users are taking advantage of various features, mixing and matching several features could help you maximise your savings and reach your goals faster.

In all the scenarios described, renters using RentPay are actually financially better off when using RentPay to pay their rent and incorporating at least one additional rewards or cashback feature.

For more information, visit the RentPay’s frequently asked questions or contact us.

You might also like:
> RentPay joins forces with Paylab
> Earn cashback on your bills by bill smoothing with RentPay
> Point hacking: How to pay rent with a credit card and earn points

©RentPay 2022
©RentPay 2024. RentPay Technology Pty Ltd ACN 636 254 709 (Australian Credit Licence: 541127) is an Authorised Representative (ARN: 001286725) of Flexewallet Pty Ltd (Australian Financial Services Licence: 448066).
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