Commbank Credit Card Changes + potential Discover Card offering

[Supersonic Swinger]

I understand the need to reduce benefits but I don’t understand why it is so convoluted with the Yello nonsense. As the email says in my case "you are currently not eligible to receive Yello points". Then going from no fee to a monthly fee, redeemable with some weird restuarant and travel programs that I don't want to spend time understanding. Do they actually want to reduce their customer base, or do they think they will gain customers as we all switch our banking to CBA to get Yello points (LOL)?

Hey CBA!

Here's a novel idea - instead of gamifying customer loyalty through seeking 'engagement' by setting all sorts of arbitrary hoops to earn worthless 'points' in some 'reward' program, why don't you engender loyalty by providing compelling products, paying competitive interest rates and offering outstanding customer service?

Ah a 'hacks' website that deliberately doesn't report the actual hacks.

That website is so bad nowadays. Just a paid shill.

That useless website is the owner of AFF... They are trying to minimise the pushback from their corporate customers...

 

[grandir]

I may be interested in the proposed Charge Card when the details are released but until then every transaction is a (points) loss just retaining eligibility

I too am genuinely interested in their proposed charge card idea. I've always preferred the idea of a charge card over a credit card - you get all the benefits of a credit card (points, travel perks, insurance etc) without the negatives with the biggest one being it doesnt limit / affect your borrowing capacity.

It baffles me that charge cards are literally non-existent in Australia (except Amex Plat). For most points chasers / maximisers like those on forums like these, charge cards are just objectively better than the equivalent product in the form of credit. And yes I know the main "drawback" of a charge card is you must pay off balance in full every month but as I said, it goes without saying that for people like us on these forums, we're already doing that with our CCs so it's hardly a "drawback" at all

 

[Viridis]

.It baffles me that charge cards are literally non-existent in Australia (except Amex Plat).

….. and curiously the UK converted its Amex Plat to a credit card (not aware of any charge cards there anymore) and the US Plat seems to operate a hybrid model operating like the Aussie Platinum but with an inbuilt/subset credit facility