Login Now to remove this and all advertisements (GOLD and SILVER members)
Not a member? Register Now for free

Bankwest reduces rate from 16 may

Status
Not open for further replies.

Johninperth

Junior Member
Joined
Apr 29, 2014
Messages
12
I just noticed the rate on platinum cards has reduced from 1:1 to 0.75:1. Has anyone else noticed this?
I messaged BW and they sent the following
"Effective from Friday May 16th 2014, the earn rate for new Qantas
Platinum Mastercards is decreasing to 0.75 Qantas points per $1.00"
And that my 1:1 rate would remain extant.
 

burmans

Senior Member
Joined
Feb 21, 2006
Messages
6,958
Flights
My Map
I just noticed the rate on platinum cards has reduced from 1:1 to 0.75:1. Has anyone else noticed this?
I messaged BW and they sent the following
"Effective from Friday May 16th 2014, the earn rate for new Qantas
Platinum Mastercards is decreasing to 0.75 Qantas points per $1.00"
And that my 1:1 rate would remain extant.
You've gotta love advanced notice.
 
Now with contactless delivery, shop online to get drinks delivered to your door or pick up in-store in 30 minutes. Lowest Liquor Price Guarantee. Biggest Range.

Recommended by the Australian Frequent Flyer

deejo77

Active Member
Joined
Feb 5, 2012
Messages
966
*&^% this was next on my hit list to get..............it just lost a lot of its value for me
 

Pleb Status

Established Member
Joined
Feb 19, 2011
Messages
3,141
Although existing card holders are grandfathered at this stage, I do not think it will be long before we are 'enhanced' to 0.75 points per AUD.
 
Joined
May 4, 2013
Messages
92
Flights
My Map
I just noticed the rate on platinum cards has reduced from 1:1 to 0.75:1. Has anyone else noticed this?
I noticed it the other day. I currently have a Woolworths Qantas CC, but I've just found out that they've sold their business to Macquarie Bank. I choose not to have a business relationship with Macquarie Bank, so I'll be looking for another card. I'd researched the Bankwest card a while bank and was half way through the sign-up when I noticed the changed earn rate. Time to find someone else now. They'll also lose my deposit business. I was in the process of transferring that over too.
 

FrankC

Member
Joined
Apr 10, 2006
Messages
337
Something has to give. Transaction fees remain the same. The banks cannot continue to pay out points at the current rate. Or can they?
I hope they continue for existing card members :D
 

severus

Junior Member
Joined
Jun 12, 2014
Messages
18
To anyone who has Bankwest no foreign transaction fee credit card, how's the exchange rate like compared to citi debit plus/28 degree mastercard? Thinking of using it for overseas spend. Even with reduced point earn, it may be better than nothing.
 

Pleb Status

Established Member
Joined
Feb 19, 2011
Messages
3,141
To anyone who has Bankwest no foreign transaction fee credit card, how's the exchange rate like compared to citi debit plus/28 degree mastercard? Thinking of using it for overseas spend. Even with reduced point earn, it may be better than nothing.
I have the Bankwest QF Platinum card and have found the FX rate to be right on the MasterCard wholesale FX rate. So they do not appear to be taking an 'additional hidden' FX fee.

https://www.mastercard.com/global/currencyconversion/

 

opusman

Senior Member
Joined
Jun 27, 2006
Messages
5,870
My latest Bankwest statement has a note that the rate will be dropping to 0.75 pts / $ from November :(

Time to look for another card... do I really want to go back to Woolies??
 

akeno

Member
Joined
Jan 11, 2012
Messages
212
My latest Bankwest statement has a note that the rate will be dropping to 0.75 pts / $ from November :(

Time to look for another card... do I really want to go back to Woolies??
Best to hold onto the card as I spoke with a representative that said a new card would be launched soon to coincide with these changes. So you don't have to go back to Woolies :D
 

Isochronous

Established Member
Joined
Dec 18, 2009
Messages
4,818
Flights
My Map
Best to hold onto the card as I spoke with a representative that said a new card would be launched soon to coincide with these changes. So you don't have to go back to Woolies :D
Wonder what the new card will be like and if existing holders of the QF Plat can migrate automatically.
 

FrankC

Member
Joined
Apr 10, 2006
Messages
337
Wonder what the new card will be like and if existing holders of the QF Plat can migrate automatically.
Pure speculation - I think it would be QF black & hope that they will give this free as part of the packaged homeloan
 
Status
Not open for further replies.

Community Statistics

Threads
86,433
Messages
2,089,680
Members
53,791
Latest member
capnbigwig
Top