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Re: ANZ QFF/Rewards card earn rates enhanced™ Loyalty at the expense of profit? No. Loyalty doesn't keep the Bank profitable rather its probably costing them money. Ive seen many "loyal" Business, corporate and private Bank customers exited from the Bank due to the Bank losing money by having...

Re: ANZ QFF/Rewards card earn rates enhanced™ Sounds like you weren't a very profitable customer for them. If you don't revolve a balance then it would be marginal that they would make money out of you. Losing a retail savings account happens every day so that wouldn't bother them. If you...

Re: ANZ QFF/Rewards card earn rates enhanced™ Under this scenario, AMEX issue the card as per normal however if it was co branded Westpac, then Westpac would negotiate a revenue share of fees. The card would behave as normal. Its a work around solution to the RBA interchange rules. Westpac...

Re: ANZ QFF/Rewards card earn rates enhanced™ Grammar is hard

Re: ANZ QFF/Rewards card earn rates enhanced™ Given that AMEX companion cards are subject to the RBA changes, there is no need for the Banks to keep the cards and therefore all are currently under review. WBC were rumoured to be looking at having AMEX issue a cobranded card with the WBC logo...

Re: ANZ QFF/Rewards card earn rates enhanced™ Wait until the RBA changes kick in before you make a decision. June 30 is the deadline. Given that all banks pay the same amount for QFF points, have the same revenue and cots drivers expect the products to move in lock step. Citi and Qantas are...

Thats pretty much what I suggested and the main feature of the product.

Your best strategy is to get the sign on bonuses while you can and NOT pay an annual fee and then dump the card. Rumours abound about the future of scheme (Visa and MC) cards rewards. The latest is that WBC will drop AMEX and instead, AMEX will issue w WBC branded card. AMEX will carry the...

You need to give up on QF points on Visa and Mastercard being of any more value than the annual fee. EG: ANZ have priced their cards at a level that covers the maximum amount of points you can earn. All banks have the same revenue and cost models in their cards businesses so expect the same...

"Silly Rabbit, Games are for kids"

Platinum edge? Not much. Citi Prestige? Absolutely and it wont be positive. Qantas in talks with Citi on credit card push; ISC in SA's land services sale | afr.com

Re: ANZ QFF/Rewards card earn rates enhanced™ We are really swimming in the shallow end now. This plan is all well and good providing that no other rules change by the time you are ready to travel. The chances of that happening are very slim. The best counsel would be to burn the points and...

Re: ANZ QFF/Rewards card earn rates enhanced™ So you can plug in what you think the points are worth and come up with a different number. With that said, the results are compelling.

Re: ANZ QFF/Rewards card earn rates enhanced™ Break even is from AFR 3 March. Loyalty points get the chop with ANZ dropping dual Amex cards | afr.com Calculated using the cash back redemption rate of 0.4 cents per point for ANZ Rewards cards and the redemption rate of 1.4 cents per point for...

Re: ANZ QFF/Rewards card earn rates enhanced™ You are wasting your time now with Visa and MC when it comes to rewards points. Its over. The annual fees will outweigh the benefit given your low spend. Best option is to use the pre paid QF or Virgin card and hope the leave their points earn...

Re: ANZ QFF/Rewards card earn rates enhanced™ Your spend and income is far too low to justify a FF card plus you also have no status with the airline so will struggle to get a seat even if you do get the points let alone 2 seats together when you want to fly. There is a free AMEX QF card if...

Re: ANZ QFF/Rewards card earn rates enhanced™ ANZ dont have to justify their fee. You, as a customer need to work out if its worth it. At $425 the card breaks even at about $38k spend. AMEX doesn't have interchange. They have a direct relationship with the customer which is why they can pay...

Re: ANZ QFF/Rewards card earn rates enhanced™ The RBA is the reason for the change. If you read back through the posts you will see references to "interchange revenue" which is the semi-opaque fee that the acquirer (Bank for the merchant) pays the issuer (the issuer of your card). This is...

Wrong again. Citibank USA were issuing AMEX cards when they had the DC USA franchise and were major shareholder of DC International. Citibank's lack of AMEX has nothing to do with the DC ownership as AMEX don't care about that and neither do Citibank. The deals between Banks and AMEX are very...

Citibank OWNS the Diners Club franchise in Australia.