Comm Bank to issue AMEX... changes to QF/Velocity point earning

[Joshua]

Just some forward info, may be useful for some. Was making some enquiries with CBA over a platinum MC I have, continued fee wavier etc. when staff mentioned they will be offering a joint AMEX/MC setup in the near future, existing card holders will receive it in the mail.

Randomly mentioned it at a branch, and it would seem to appear it's not public yet but only in the staff training memos. Only thing was mentioned to me was increased points earn (an obvious difference) but nothing else. Looks like they're following the trend. Will hopefully will make their CC offerings a bit more enticing to pull out of the wallet.

[Maca44]

This is covered in another thread, but made similar inquiries recently even after applying for the CBA Plat Card. Was told that effective 23rd October the duel card (CBA Amex/Visa) will take place, however, the earn rate for QF points for the CBA visa will changed from 1.2.10 from 1:1 to 2:1. I think the Amex earn rate is 1.25:1, but also beleive most who read these threads would already have an Amex card.

[Mal]

Interesting ... so is it just MC or just Visa that will have the pairing or both?

Not that I really need yet another credit card in the wallet...

[Maca44]

Interesting ... so is it just MC or just Visa that will have the pairing or both?

Not that I really need yet another credit card in the wallet...

CBA are pairing the Platinum Mastercard and the CBA Amex card effective Oct09

[serfty]

Hmmm ... it seems like Diners has really gotten the @rse ...

It was not really that long ago when Qantas and ANZ were offering a 1:1 diners as "an alternative" when they began capping the Qantas-ANZ visa's.

[Febs]

Anyone know if the Gold MC earn rate will drop?

We went with a Gold MC fee-free (with home loan) as we wanted something to put all the bills on (hence not an AMEX). I don't mind a joint card, but would obviously prefer the MC rate stays at 1:1!

Cheers,
- Febs.

[Keith009]

There goes another 1:1 VI/MC to FF option.

[PaulZ]

I have rang and spoken to two different "credit card specialists" and they have both confirmed the issue of AMEX cards in October.

I have asked both if there would be a change to the points earning on the Mastercard and they both said no. They confirmed that the AMEX would earn more than the 1:1.

[Diesellife]

This is covered in another thread, but made similar inquiries recently even after applying for the CBA Plat Card. Was told that effective 23rd October the duel card (CBA Amex/Visa) will take place, however, the earn rate for QF points for the CBA visa will changed from 1.2.10 from 1:1 to 2:1. I think the Amex earn rate is 1.25:1, but also beleive most who read these threads would already have an Amex card.

For dual cards, AMEX Plats usually have 1.5:1. If CBA decided to go for 1.25:1 is suicidal, provided that Visa rate dropped to 1:2.

Therefore, IMHO, CBA would only change to the same earn rate (Compared to the competitors) if not better. I don't think CBA will place themselve for the worst earn rate in the market.

Perhaps Paulz infomation makes more sense. Issurance of AMEX card, reduce earn rate on AMEX from 1.5 to 1.25, then retain 1 to 1 MC.

[skybolt_]

I have rang and spoken to two different "credit card specialists" and they have both confirmed the issue of AMEX cards in October.

I have asked both if there would be a change to the points earning on the Mastercard and they both said no. They confirmed that the AMEX would earn more than the 1:1.

When I rang the CSO she dug up her notes & pretty much read it out to me.
The Gold Mastercard/Visa will go $1 = .5 QF points
The Gold AMEX will earn $1= 1 QF point (but 2 CBA rewards points)

The Plat Amex will earn 3 CBA reward points or 1.5 QF
Basically the Mastercard/Visa will earn .5 per $1.

Pretty much in line with othe Banks.
It's alot like the WBC Altitude but earns QF.