Commbank Credit Card Changes + potential Discover Card offering

[kamchatsky]

Major changes coming to CBA credit card where it change the way you earn points. It would consider your other business with CBA for points earn:

Commonwealth Bank reimagines rewards for everyday banking, helping customers save on shopping, utility bills and travel

For the first time, more than nine million CommBank Yello customers can earn points across their home loans, savings, cards and insurance and redeem them with some of Australia’s best-known brands.

www.commbank.com.au

Also CBA is exploring issuing new premium charge card based on Discover network:

CommBank to expand card suite with new exclusive premium offering

CommBank is giving customers greater choice through a new premium charge card offer.

www.commbank.com.au

I don't know anyone who has ever had a Discover Card.....

Ironically Point Hacks produced a page outlining the CBA credit card changes, but looks like it has been withdrawn.

CBA punishes Qantas customers in reward points overhaul

The bank has struck a new partnership with Virgin ahead of a move by the RBA to cut the fees that can be charged for credit card transactions.

www.smh.com.au

CBA overhauls rewards program, shifting customers from Qantas to Virgin

The country’s biggest bank is offering Australians more opportunities to earn points across retail and travel.

www.afr.com

 

[The Man in Blue]

Most notable for me from the now withdrawn Point Hacks article was:
- Removal of the monthly fee waiver for spend per month.
- Points earning rate is tied to your Yelo tier
- QFF participation fee is up to $149/year
- Velocity participation fee TBA
- Qatar and Everyday Rewards added
- Appears the Smart Awards lose the FX free transactions.

It was mentioned there is no participation fee for Everyday Rewards, so you could potentially transfer 'Yelo points' there and then onto QFF.

 

[Supersonic Swinger]

Also CBA is exploring issuing new premium charge card based on Discover network:

I don't know anyone who has ever had a Discover Card....

Discover is the network which was behind Diners Club...

It would be ironic if after years of underinvestment in Diners Club by Citibank, and then acquisition by NAB which shut it down a few years ago, CBA now comes back with a Discover option... perhaps even called "Diners Club"?