Is it the end of Ezy Banking

Discussion in 'General Credit Card Discussion' started by Ngariman, Mar 18, 2006.

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  1. Ngariman

    Ngariman Junior Member

    Feb 7, 2006
    16
    0
    ADL
    Did anyone else see in the news tody the new agreement, that Woolworths and ANZ have struck to provide them 700 ATM's

    It also stated that the Woolworths Ezy Banking agreement with Commonwealth bank will be winding back at the end of the year. And the Ezy Banking Kiosks will be slowly taken out of their stores!

    What does that mean for all of us Ezy MasterCard Holders? I love the Ezy MasterCard low annual fee and the unlimited 1:1 Qantas points

    Will they keep the card around?, create a new card with ANZ or I have even heard they may apply for their own Banking licence.

    So that leaves me wondering if Woolworths do pull out what will CBA do with all the MasterCard holders???

    Will we all loose the generous 1:1 that we love so much
     

  2. oz_mark

    oz_mark Enthusiast

    Jun 30, 2002
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  3. one9

    one9 Active Member

    Sep 14, 2005
    591
    8
    Instead of capping points, why can't a bank decide to reduce points earning after a certain limit? Say after 100,000 points 1 for 1, further points are earned 1.5 to 1, or 2 to 1. This is a better way for bank to keep the high spending customers.
     
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