Everyday Rewards Qantas Credit Card

[DeKa]

Just now my EDR card was rejected 3 times by Barclay's Bike Hire in London (on-line transaction). I used my CBA Platinum Mastercard instead -- rejected on first attempt but accepted on second.

Rejected by the system, or declined by the bank? Before I had my 28 Degrees card, I used to use my EDR card overseas. I've had foreign transactions declined by the bank, followed shortly thereafter by a call to verify the transaction. Once that call was complete, I could re-try the transaction successfully.

It pays to call and tell them you're travelling before you leave I find.

 

[jukebox333]

Just now my EDR card was rejected 3 times by Barclay's Bike Hire in London (on-line transaction). I used my CBA Platinum Mastercard instead -- rejected on first attempt but accepted on second.

Funny. A month ago in Denmark, the unmanned bowser swipe machine rejected my CBA Cirrus enabled keycard, my CBA Amex and my CBA Mastercard... and I was outta cash! But luckily it took my QFF/EDR card (despite me advising the CBA where I was going, but not HSBC).

The 3% Forex fee was a slap in the face - who would have thought someone would charge more than Amex?

As for why it worked and the others didn't, sometimes, it's just "the system" I think. I had no trouble anywhere else in Denmark.

 

[MAX_1]

Sent in my application about 10 days ago. A few days later , received a phone call from someone I could not understand asking about my income. On Tuesday this week, got a letter asking for proof of my income. sent a copy of my accountants report. still not happy,they wanted a copy of my Tax assessment. Sent that. Now lets wait and see .

 

[anat0l]

Argh damn. Despite having 3 credit cards with a combined limit of $15,000, the online form won't let me apply since I need to have a gross income of $50,000 or more.

I was proposing to replace my CBA Awards Visa with this. And with $89 for 16,000 points, that's good value. Mind you, the only reason to stick with CBA is that as a student the annual fee is waived, but a pittance of $2 per QFF point with $10 direct charge each year. And I ain't going to be a student forever.

 

[Deleted User]

Argh damn. Despite having 3 credit cards with a combined limit of $15,000, the online form won't let me apply since I need to have a gross income of $50,000 or more.

how far away from 50k are you...? if you are real close then there are some tips to get you there, but if you are more than a few grand away then you ain't likely to get on this one I am afraid...

 

[anat0l]

how far away from 50k are you...? if you are real close then there are some tips to get you there, but if you are more than a few grand away then you ain't likely to get on this one I am afraid...

Nah, I'm way far off - so like you said, no chance.

 

[Moopere]

I was proposing to replace my CBA Awards Visa with this.

Is this a Gold Awards Visa?

If it is you should be able to apply for its companion AMEX and get 1:1 earn.

the only reason to stick with CBA is that as a student the annual fee is waived, but a pittance of $2 per QFF point with $10 direct charge each year.

The AMEX companion card at 1:1 is ok and the CBA insurance on the gold cards is not terrible.

 

[anat0l]

Is this a Gold Awards Visa?

No, it is a standard Awards.

In addition, the advantage is that for the expenses I cannot pay with Amex, my Visa takes the expense. So getting this new card would mean getting more out of the Visa than usual.

 

[delfredo]

I plan to do a balance transfer from my EDRQCC to another new NAB credit card (that currently offers 0.99% rate on balance transfers). Assuming that my EDRQCC has a balance of nil and the balance transfer will result in a credit balance, can I then subsequently withdraw the funds in credit? If so,
1. How do I do this? Can I withdraw from the ATM?
2. Are there any applicable fees for the withdrawal (via ATM or via other methods)?

I tried looking up the EDR website but can't find any pointers.

I plan to use the balance transfer fund to pay down on my home loan and thereby paying only 0.99% interest for the 12 months special balance transfer rate on offer.

 

[Deleted User]

I plan to do a balance transfer from my EDRQCC to another new NAB credit card (that currently offers 0.99% rate on balance transfers). Assuming that my EDRQCC has a balance of nil and the balance transfer will result in a credit balance

Question: How can you transfer funds from your EDRCC with a $0 balance and end up in credit...:?:

I assume that you actually mean that you wish to drain your EDRCC to its maximum credit limit, pay some off your home loan, then transfer the EDRCC debt to NAB, effectively having a 0.99% loan.

From what I know, the only fee for withdrawing cash on a EDRCC is

(Cash advance usage charge payable each time a user accesses your account in order to obtain a cash advance. The higher of $2.50 or 2.0% of the total transaction
amount (including any fees and charges imposed by us or a third party to effect the transaction) & The daily ATM limit is $1,000 per account.

and also I would imagine interest being calculated immediately from the date you withdraw the funds...

Effectivly with the EDRCC 2% cash advance fee as stated above, your NAB 0.99% loan would be 2.99% including the EDRCC fees Still better than a standard home loan though...!

 

[delfredo]

Question: How can you transfer funds from your EDRCC with a $0 balance and end up in credit...:?:

I've done this before with another card. When you do a balance transfer from card A to card B, the company of card B will not check your balance in card A but will merely make a payment to card A account, equivalent to the balance transfer amount requested in your application. Hence, assuming both cards have a nil balance, you end up with a credit in card A and a debit/debt in card B.

I'm currently trying to fund out how to have the credit balance in card A refunded to me, either by cheque from the company or via the ATM. I understand that withdrawal of a credit amount is not considered a cash advance (ie. does not create a debt). Perhaps someone can confirm/correct me?

 

[Deleted User]

been actively paying between $3k & $5k at my local Woolworths supermarket store on a daily / weekly basis, still get a kick at seeing such big numbers on the checkout screen, also many customers are amazed to watch the process

Makes me wonder, will Woolworths put some limit in place on the amount of cash they will accept at the service desk for safety reasons...? done a +$10k cash payment before which took so L O N G for them to count... all in open view right on the service desk counter...

Never cease to enjoy watching an employee count 30% of their annual wage in cash just paying off my credit debt

 

[Moopere]

Makes me wonder, will Woolworths put some limit in place on the amount of cash they will accept at the service desk for safety reasons...? done a +$10k cash payment before which took so L O N G for them to count... all in open view right on the service desk counter...

I doubt it, well not unless it was something like a few hundred K anyway Even though cards are the current flavour in doing ones weekly shopping, they still use guard vans to pick up the cash take daily at the big supermarkets - so the cashflow in actual notes must be still be very significant.

 

[Robert K]

I'm currently trying to fund out how to have the credit balance in card A refunded to me, either by cheque from the company or via the ATM. I understand that withdrawal of a credit amount is not considered a cash advance (ie. does not create a debt). Perhaps someone can confirm/correct me?

I have done this before and it wasn't considered cash advance, but not with EDR card. You do get hit with the ATM service fee. $2 in my case.

 

[medhead]

I've done this before with another card. When you do a balance transfer from card A to card B, the company of card B will not check your balance in card A but will merely make a payment to card A account, equivalent to the balance transfer amount requested in your application. Hence, assuming both cards have a nil balance, you end up with a credit in card A and a debit/debt in card B.

however, I've had a balance transfer not work in the past because they did check the outstanding debit. Trouble is I can't remember if that was with NAB or ANZ

 

[Hvr]

been actively paying between $3k & $5k at my local Woolworths supermarket store on a daily / weekly basis, still get a kick at seeing such big numbers on the checkout screen, also many customers are amazed to watch the process
===.

Never cease to enjoy watching an employee count 30% of their annual wage in cash just paying off my credit debt

A comment, many years ago when working retail (whilst at uni) I saw a fair bit of this never cared about the amount or what percentage of my annual wage it may have been. It was a slight nuisance having to count it out but part of the job. Where I worked (no longer in existence) we used to immediately send it through the banking chute once the sale was finalised.

One day a regular large cash customer did a purchase, walked away and within a couple of minutes requested a refund for some reason.

It actually took awhile until we got enough cash in to grant his refund because the money was already in the safe.

 

[jas]

So to all those who have said they don't have many requirements on income checking... based on today's phone call from them I've just sent them copies of employment contracts and rental agreements to prove my income.

Paperwork. *groan*

Oh well, still a good offer. This card's going to be getting a lot of use at non-Amex places rather than my half-point-per-dollar bank Visa...

 

[Deleted User]

So to all those who have said they don't have many requirements on income checking... based on today's phone call from them I've just sent them copies of employment contracts and rental agreements to prove my income.

Paperwork. *groan*

Oh well, still a good offer. This card's going to be getting a lot of use at non-Amex places rather than my half-point-per-dollar bank Visa...

The QEDRCC is a GREAT card, there are better earners out there, but for a Visa / Mastercard type of card with a 1:1, this card rocks...

 

[MAX_1]

I just received my EDR card. On going to the account I noticed that there is a facility to pay accounts by BPay.

My Citi card is due for payment in a few weeks. If I pay that by BPay using the EDR card, will I incur any fee. After reading the T & C of the EDR Card, it seems this is treated like any other transaction. Am I reading this incorrectly? Has anyone tried this?
Thanks.

 

[Moopere]

I just received my EDR card. On going to the account I noticed that there is a facility to pay accounts by BPay.

My Citi card is due for payment in a few weeks. If I pay that by BPay using the EDR card, will I incur any fee. After reading the T & C of the EDR Card, it seems this is treated like any other transaction. Am I reading this incorrectly? Has anyone tried this?
Thanks.

You'd be able to pay the other card I imagine, but wouldn't this be treated as a cash advance? Therefore, aside from any BPay fees that might apply, I'd be surprised if you escaped the 20.xx % interest from the moment you did it.