Qantas Premier Credit Card

[N0mad]

This card does not accept non permenant resident to apply. I got refused application and emailed them back complains the decision and got phone call say because I am 491 visa. Lol was gonna use this as a replacement with amex and I turned to Coles 99 AUD no fx card instead

isn't the Coles card also issued by Citi/NAB? doesn't make a lot of sense they reject you for the Qantas card but accept the Coles card i'd be quite annoyed as well.

 

[danielwang002]

isn't the Coles card also issued by Citi/NAB? doesn't make a lot of sense they reject you for the Qantas card but accept the Coles card i'd be quite annoyed as well.

Yep. It does not make sense at all. But given I was only applying the 49 AUD AF qf premier everyday card, i am happy they refused me and issued me the coles one due to no fx... 50 AUD af for no fx is worth it and I spend heaps on coles hehe

 

[burmans]

isn't the Coles card also issued by Citi/NAB? doesn't make a lot of sense they reject you for the Qantas card but accept the Coles card i'd be quite annoyed as well.

Doesn’t it depend on their agreement and who is bearing any risk? Yes same issuer but risk may fall also on Coles/Qantas who may have different risk appetites.

 

[danielwang002]

Doesn’t it depend on their agreement and who is bearing any risk? Yes same issuer but risk may fall also on Coles/Qantas who may have different risk appetites.

Really if thats the case? Tbh both of their website says must be PR/citizen to apply... Guess I just had luck with coles... Maybe qantas money is stricter.

 

[N0mad]

Doesn’t it depend on their agreement and who is bearing any risk? Yes same issuer but risk may fall also on Coles/Qantas who may have different risk appetites.

i think it would be more likely down to how much revenue they earn from the card, perhaps higher revenue they are willing to bear higher risk.

NAB is the issuer of the credit, i don't think they can pass that risk on to Coles or any other white label client. I think a business would want to outsource something like a credit card so you can outsource the risk Suncorp is a good example as they have a credit licence but choose to outsource credit cards to NAB.

Could be wrong, i work for a business that outsources financial services and one of the biggest draws for us is that we take on the risk.

 

[danielwang002]

i think it would be more likely down to how much revenue they earn from the card, perhaps higher revenue they are willing to bear higher risk.

NAB is the issuer of the credit, i don't think they can pass that risk on to Coles or any other white label client. I think a business would want to outsource something like a credit card so you can outsource the risk Suncorp is a good example as they have a credit licence but choose to outsource credit cards to NAB.

Could be wrong, i work for a business that outsources financial services and one of the biggest draws for us is that we take on the risk.

Understood your point. Could be a money making question at the end of day. But indeed I dont enjoy qantas money due to this incident. Perhaps 49AUD AF card they are not gonna make too much money from me anyways

 

[sevenfourtyseven]

When closing the account prior to the next statement, would I expect any points accrued from purchases (but not credited to my QF account yet) to be credited on closing or would they not transfer anything over given I’m closing the account?

The annual fee is charged next statement, so I’d like to close it off prior.

 

[MooTime]

I'd cease using it the previous month either / or cancel very early in the statement period so risk of points crediting not occurring.

Good idea to have 2 credit cards on the go to plan these switchovers (or more than 2!).

I'm unsure in regards to your exact q if points will credit after cancelling.

 

[blacksultan]

When closing the account prior to the next statement, would I expect any points accrued from purchases (but not credited to my QF account yet) to be credited on closing or would they not transfer anything over given I’m closing the account?

The annual fee is charged next statement, so I’d like to close it off prior.

With most cards it’s transferred on closing - your earned them .

 

[sevenfourtyseven]

FYI - Just to close the loop, upon closing the account via the Qantas Money website - the 'outstanding' points earned but not credited is displayed and advises that it will be credited at the next statement cycle.

 

[urngdawgs]

Cancelled my Qantas Premier Platinum card and still showing pending closure - $399 a year is absurdly high for a card that only has lounge passes + insurance. Considered downgrading to the Everyday variant to keep but the annual fee will increase to $99, and I won’t be putting enough money through it to justify.

Should I go ahead and start applying for another card now (new one opened in January), or wait a little longer first…?

 

[sevenfourtyseven]

In my case it took over 2.5 months for the account to go from pending closure to closed. It only happened after there was a clear month of no transactions on the account.

It still shows as open on Equifax, but closed on Experian. Fortunately I don't need to apply for another card right now but if I was in a rush - the prolonged time wouldn't help.

 

[urngdawgs]

In my case it took over 2.5 months for the account to go from pending closure to closed. It only happened after there was a clear month of no transactions on the account.

It still shows as open on Equifax, but closed on Experian. Fortunately I don't need to apply for another card right now but if I was in a rush - the prolonged time wouldn't help.

Seems like they haven’t improved the speed of account closures from previously reported experiences in the past few years… I requested to close it just before the new statement period started. Would like to apply for a new card by the end of the month with this card fully closed but I guess it might not be possible

 

[sevenfourtyseven]

Happy to report that the efficiency of refunds made to the closed account is pretty good.

Twice now have received a cheque in the mail from within a week of the refund being made to the card.

No follow up or call to the contact centre required.