Obviously, I want to minimise the transaction fees that I pay Snapper, but if I load too much on to the card, they get all the interest that I should be earning for myself.
Assume that I can get 8% in a high interest call account.
Assume that I go two sections twice a day, it would cost 20.25 per working week with the new fares and a 25% discount.
Then with the Snapper charge of 25 cents per transaction, I should "feed" the Snapper with $81 every 4 weeks, because that's the point where the lost interest for me equals the transaction fee.
I'm quite serious about the Infratil shares. Those fees combined with the retailer percentage are going to be an amazing revenue stream for them.
Incidentally, I just did a little maths.
Obviously, I want to minimise the transaction fees that I pay Snapper, but if I load too much on to the card, they get all the interest that I should be earning for myself.
Assume that I can get 8% in a high interest call account.
Assume that I go two sections twice a day, it would cost 20.25 per working week with the new fares and a 25% discount.
Then with the Snapper charge of 25 cents per transaction, I should "feed" the Snapper with $81 every 4 weeks, because that's the point where the lost interest for me equals the transaction fee.
I'm quite serious about the Infratil shares. Those fees combined with the retailer percentage are going to be an amazing revenue stream for them.