50SC sign up bonus for Westpac Altitude Black

[Big John]

Name another country that has cut interchange rates to Australia's levels and maintained large sign-up bonuses.

Here's the top bonuses in the UK, which has the same interchange rates, and $AUD156B in credit card debt:
View attachment 523921

Methinks the UK points bonuses are an indicator of where Australia will end up. Yikes.

 

[exceladdict]

Name another country that has cut interchange rates to Australia's levels and maintained large sign-up bonuses.

Here's the top bonuses in the UK, which has the same interchange rates, and $AUD156B in credit card debt:
View attachment 523921

Here's NZ following its cut to interchange rates and $6.3B in credit card debt:
View attachment 523922

Fair point, that's a good reference example. Hopefully the market stays competitive between the banks to keep the need to incentivise high...