- Jun 15, 2010
I have the card for free with my loans package too. So will "keep" it for the insurance but won't be using it.So is there any use with the mastercard diamond? I get this card via my home loan package.
Worth transferring to Velocity?? I also have a citibank signature (free fo rlife) VISA. not sure which has better rates.
Will the free travel insurance still be valid after this ditching of AMEX?
I have CBA credit card free with my home loan as well. Apart from the overseas transactions on AMEX, I do use the MasterCard quite often when Amex is not accepted (which is a lot of places, unfortunately, in Australia). I don't really want to have another Master card simply for the points but paying some annual fee.I have the card for free with my loans package too. So will "keep" it for the insurance but won't be using it.
Way to decimate a business, I can't really see any reason people would actually use Commbank credit cards aside for stupidity/laziness. And yes I realise that's true of many people and their banking products but surely over time they will lose a fair bit of business!
Have a read of the AusBT article in the first post. CBA/banks no longer making good profits over high AMEX surcharge, which they used to share (now only same as MCard etc), so out it goes!Curious as to who ends these deals, I assume it is an Amex decision based on meeting targets or something along those lines. Little reason for the associations/affinity partners for cutting off a commission source? Law Society of NSW recently ended their partnership with Amex. Very disappointing.
I was lucky enough to get my package fee free this year, but will definitely have to do the calcs next year to see if it is worth switching. Either or no frills loan or one with a great sign on bonus.Maybe its time to bite the bullet, go elsewhere and get me an Apple Pay compatible card! Hardly worth paying for the 'Wealth package' on the homeloan anymore, better off going for a no-frills, no/low-fee, lower rate mortgage.
I haven't compared the difference between BankWest vs 28Degrees but I've heard if you're signing up, BankWest appears to be a better model.May look at moving everything to Bankwest next year. The Amex option was just about keeping me at CBA.