ANZ Credit Card Changes Effective 28th October 2026

[brucemoon]

These changes seem to be cheered from those who are more financially illiterate who can only see no surcharge = good.

There is also a general resentment from those who want to see people earn less rewards because they don't care of it and thinking they are subsidising those who are.

Ironically banning surcharges does move businesses towards a model like the major supermarkets who have a single price irrespective of payment method, where cash payments subsidise reward cards as opposed to a surcharging model at some places where you can avoid paying using alternate methods.

You can cut the discussion in several ways.

For mine, the cost of banking has always been included in the overheads. The permission to surcharge didn't bring the price down. Rather it annoyingly added an extra dimension to the exchange.

It seems the US model of GREED IS GOOD has become the norm for many operators.

 

[Port Power]

I have had the ANZ QFF platinum card for decades, particularly for the travel insurance from Allianz. I have had to claim four times over the years for major events. I was covered for last year’s world cruise of five month’s duration (no claim eventuated), and had spent the necessary $$ to cover three months consecutive travel next year. I haven’t called yet to see if this pre-existing insurance will be honoured. After this, ANZ is done for me.