- Joined
- Jul 12, 2018
- Posts
- 1,370
- Qantas
- Bronze
- Virgin
- Platinum
My assumption has been that this rush to either jettison (Citibank, CommBank) or increase the price of (AmEx) transfers to overseas FF programmes has been partly due to the flagged lowering or abolition of surcharges, but mostly due to the long-term exchange rate deterioration between the AUD and USD.Sounds like those airlines aren’t seeing enough business funneled through Citibank to think it’s worth paying the kick-backs for a points-transfer agreement?
In other words, I've assumed that overseas FF programmes charge Australian credit card providers a fee in USD for their points, and those fees are now just too high.
Maybe I'm totally on the wrong track, though?