Churning

Discussion in 'General Credit Card Discussion' started by Welsh-Kiwi, May 4, 2016.

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  1. Welsh-Kiwi

    Welsh-Kiwi Member

    Apr 1, 2013
    281
    74
    AKL
    In New Zealand, most new credit card offers are for new customers but recently the terms and conditions have been updated to say you can't have held a similar card from the same company for the last 12 months.

    Looks like an attempt to prevent churning.

    Is this the same in Australia and do the banks enforce it?
     

  2. Dr Ralph

    Dr Ralph Senior Member

    Jan 21, 2014
    8,474
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    Wollongong
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    There are some cards with a 12 month exclusion period. But most don't have this. Of those that have the exclusion period some enforce it and some don't.
     
  3. opusman

    opusman Senior Member

    Jun 27, 2006
    5,218
    3,228
    Melbourne
    Often the exclusion period is limited to sign-on bonuses.
     
  4. Dannyism

    Dannyism Active Member

    Dec 1, 2015
    764
    137
    Hi Dr, to save me trawling through T&C's.. Which cards enforce the 12 month exclusion period? I know of all AMEX brand cards, Virgin money cards, ANZ QFF card, ANZ rewards card, NAB cards, Westpac cards. That doesn't leave many more...
     
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