Nutcase
Active Member
- Joined
- Jan 29, 2005
- Posts
- 525
I'll just leave this here for you.
westpac-drops-american-express-companion-cards-announces-exclusive-offer
westpac-drops-american-express-companion-cards-announces-exclusive-offer
I'll just leave this here for you.
westpac-drops-american-express-companion-cards-announces-exclusive-offer
Not sure how you spin this as "great news" but each to their own I guess.
From April next year - WBC/AMEX cards will no longer be supported.
The standalone black MC will earn $1 = 1 point for the first $5k of a statement.
AMEX will issue a co-branded WBC card however this will be an AMEX product and behave as a proprietary AMEX product albeit with a WBC brand.
No news about sign on bonuses.
Wow, it's like you predicted it right down to the second, give or take several months.
Not sure how you spin this as "great news" but each to their own I guess.
.
So you think they are entering this partnership so you can earn reduced points from the AMEX card? They were going to drop the companion card anyhow, as per all the other major banks, and why wouldn't you as it just isn;t worth it under the new rules imposed.
I really can't see how this is not positive in respect to the current environment for reward point earnings through credit cards.
They could have just got rid of an AMEX card altogether, yet they decided to try and come up with another alternative unlike the other majors.
Well for those of us that like to build good point stashes, more new cards offers more often than not means more chances to earn good points. A bank hungry for buisness often means good point offers.
I know that you love the gloom and doom, but as an avid points runner the last year has been simply fabulous!
Even my less favoured Velocity and Qantas FF Point Balances are bulging. With my favoured KF program the removal of fuel fines now means that most flights in premium cabins now cost virtually no $$$. And for thos happy to fly in Y, it now makes sense to do so.
Good times in indeed for the FF Points Runner
This will cost WBC nothing and will upset the RBA which is probably deliberate on WBC's part. The rumour was that they were going to do this 12 months ago.
Expect a standard AMEX card from the existing fleet, except with a WBC logo on it.
WBC will split the annual fee revenue with AMEX for the referral. AMEX will carry the credit limit and that will be that.
It could work although I would expect that the RBA will lodge a rather large complaint to which WBC will show a single digit from their right hand.
You're a very clever boy. Daddy is proud of you.
Clever? If being pragmatic and acting on opportunities makes one clever then yes.
However only the foolish focus on what they cannot do, rather than what they can do.
To gain points one does not need to be clever, one just needs to be logical and willing to act.
Where did you see this? Nothing in the article you linked to or on the bank's website (unless it's hidden somewhere..?).The standalone black MC will earn $1 = 1 point for the first $5k of a statement.
Where did you see this? Nothing in the article you linked to or on the bank's website (unless it's hidden somewhere..?).
'Westpac dumps AMEX'
This just isn't true. You do not appear to have understood what has happened.
Westpac HAS NOT dumped AMEX at all. Instead they have entered into a new arrangement. See email received overnight:
"Hi Dr Ralph,
Westpac are pleased to announce a new partnership with American Express, introducing a new range of credit cards in early 2018. These cards are exclusive to eligible Westpac cardholders, and will be issued and serviced directly by American Express.
These new cards will allow customers to enjoy the benefits of American Express, including accelerated points earned on eligible local and international purchases, into an existing Westpac Altitude Rewards or Qantas Frequent Flyer account.
Look out for more details on the new cards in early 2018, or for more information visit westpac.com.au/personal-banking/credit-cards/americanexpress
The new partnership follows the review of Westpac's rewards credit cards, due to the regulatory changes introduced by the Reserve Bank of Australia. Westpac's current American Express cards, issued and serviced by Westpac, will close on 4 April 2018. Full details on what these changes mean for your account will be sent to you over the next five weeks."
hhhmmm, i wonder what the ATO earn rate will be?