I think it definitly shouldYes, the BOQ specialist account is very good for earning points, but such a limited eligibility criteria. (Would signing up to an open university course on accounting be sufficient?? )
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Welcome to the clubReceived a letter from BankWest today saying they'll be closing my Qantas Transaction Account in January "pursuant to the account terms and conditions".
I opened the account in June 2018 after seeing discussion about it in these fora. Since then, I've kept a couple of thousand dollars in the account and made a few transactions per week (maybe about 5) - a few cents each time, usually when buying groceries at the supermarket and splitting the payment.
Probably earned a 250-350 points per month. Chickenfeed compared to some of the points-earning stories I've seen in this thread!
While the bank's not being specific about the reason, the only one I can find in the terms and conditions that might even vaguely apply is that the account is used "in a way that might cause you or us to lose money". ie the points awarded are somehow costing them more than my account's worth.
Will be sad to see it go. Even though the points earned weren't very much, they took virtually no effort to earn. Will have to go back to bumbling around even lower on the points earning ladder!
Perhaps I should clarify. My split payments involved something like a $20.05 grocery shop where the $20 was paid with one card and the remaining 5 cents paid with the BankWest card. So just a single Bankwest payment for that transaction. But I acknowledge your comment about smaller transactions.I believe it's the "a few cents each time" part that led to the termination. They tend not to like smaller transactions from what I understand.
Perhaps I should clarify. My split payments involved something like a $20.05 grocery shop where the $20 was paid with one card and the remaining 5 cents paid with the BankWest card. So just a single Bankwest payment for that transaction. But I acknowledge your comment about smaller transactions.
I understand that, in the past, there were accounts closed after large numbers of, say, 1c transactions were made to pay a single bill. Certainly not what was happening in my case.