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  1. Nutcase

    WBC Altitude Black MasterCard and AmEx Query

    Not true. Only CBA, NAB and WBC issue Bank issued AMEX cards. All are under review. Citibank is one of the largest issuers (much Bigger than NAB) and does not issue AMEX.
  2. Nutcase

    Future of Credit Card Sign-Up Bonus & Earn Rates

    There seems to be little interest in the changes coming to interchange in July nor any understanding of the economics of the cards business and the broader impact that this will have on consumers. It appears that a more juvenile and peurile attitude is pervasive in this thread. Its a pity as...
  3. Nutcase

    Future of Credit Card Sign-Up Bonus & Earn Rates

    I'm always amused at the accusation of trolling whenever something is proffered that disagrees with the view of another. It's an easy way out rather than to see aknowledge facts that are presented and then to offer a cogent and adult argument to back your case. In this instance the discussion...
  4. Nutcase

    Future of Credit Card Sign-Up Bonus & Earn Rates

    Simply put, The party is over. When interchange on premium/super premium scheme cards reduces from nearly 2% currently to 0.80% and given that this is the revenue bucket that FF points are paid from then there is a logical conclusion to draw which is that the days of scheme cards providing...
  5. Nutcase

    What's going to happen to the Krisflyer card?

    The reality is that Visa and Mastercard rewards cards of any kind will disappear from Sept 2017. There is simply not enough interchange revenue to pay for the points. With a hard 0.80% cap and an average of 0.50% there is nowhere to go. QF charge the banks 1% of spend for a 1:1 points transfer...
  6. Nutcase

    Q: CBA Awards: Earning points when in a positive credit card balance?

    You need to be careful. CBA may, at their discretion not allow you to go into credit. There are many reasons why, however the main reason is chargeback risk. The bank is liable for any chargeback that is legitimate. Should your transaction end up being fraudulent for any reason, the bank would...
  7. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    What difference does the time frame make? They found it. It was only a handful of customers and they have been exited and points clawed back. Errors happen. People make mistakes. Perhaps the product manager wasn't on the ball? Perhaps BWA were letting it go through? None of these things are...
  8. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    Completely correct. And in that contract the Bank can terminate their relationship with you whenever they want just like you can with them. The notion that you are of value to the Bank when you don't revolve a balance and churn cards and products is folly.
  9. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    Thank you Serfty. Appreciate your post. I have reported the others to the mods as abusive. Perhaps the mods will deal with them the same way that BWA and QF Loyalty did? Its disappointing that mature travellers on this board become petulant when challenged gently and respectfully about an...
  10. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    This has been explained ad nauseam. Your issue is with BWA and QF Loyalty. I don't make the rules, I am simply explaining them to you in the most concise way that I can. Neither organisation has any obligation to have anyone as a customer that they don't want. They don't need to explain the...
  11. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    Its good to see this has finally been closed down and the points clawed back :) FYI - BWA is a client of QF Loyalty and purchases the points from QF loyalty on a monthly basis. Qantas charge BWA for the points at the rate of $0.01 each. There have always been 2 issues with all this; 1) The...
  12. Nutcase

    A discussion on the ethics and legality of scripting 1 cent transactions!

    So I see that the BWA $0.01 payment scheme has finally been dealt with appropriately by BWA. Whilst it took some time, the right outcome has occurred and common sense has prevailed. Good to see.:)
  13. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    More "taking my bat and ball and going home" routines. Your opinion is exactly that - your opinion and you are entitled to it. Its just in this case it is wrong and BWA happen to agree with me so much so in fact that they shut down your account and dumped you. Thats compelling but by all...
  14. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    Why would they shut down a profitable product? They can make money off the card and the mortgage just not off the transaction account with a million $0.01 transactions going through it.
  15. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    Only about 25 years experience including building FF award card products for Banks as well as working for both Card schemes. I also wrote the PDS documents for many of these products as well as the COU's. I know them upside down and inside out. I also know fraud when I see it. BWA are not...
  16. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    The "Ive done nothing wrong and Im taking my bat and ball and going home and not talking to you any more" defence. This really shows that you have nothing to back up your assertions or anything that defends your position except for "I said". The fact remains, your account has been closed for...
  17. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    Have you been watching the Trump/Clinton debates? This is the kind of argument that Trump throws up all the time. Banks just don't close customer accounts because they choose to. Its due to misconduct on behalf of the customer usually involving some kind of fraud. A Bank closing your account...
  18. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    "You will now argue that the points were all legit and you were doing the right thing and then use this emoticon " Ah yes, true to form. Do let us know how you get on with your legal jihad. I cant wait to see how that shakes out.
  19. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    No, the points were not earned in full compliance which is why the accounts were closed. Do you have another reason as to why the accounts were closed? Just because something has been "going on for years" does not make it compliant.
  20. Nutcase

    Bankwest Qantas Transaction account [being withdrawn in 2025]

    That's hilarious given how these these points were gained in the first place. Legal action- I would love to see that play out. "I made hundreds of thousands of $0.01 transactions by using a macro in order to get 5 points per transaction instead of just conducting one legitimate transaction. I...
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