Who's cancelled their Velocity credit card?

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kyle

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ColinP said:
Has everyone received their 15,000 points?
I signed myself and Mrs P up for the most recent 15,000 point offer about 2-3 months ago. Still no sign of the points. Should I start chasing them up I wonder?

If it was only 2 or 3 months ago, I think your offer was the last or second last lot of 15K points. Points should appear in August/September once you've used it once before a certain date.
 

kyle

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Only cssaus cancelled the card??? :confused:

No one else?
 

JohnK

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oz_mark said:
It is worth doing, and best to check if there is anything strange on it.
Strange! It is a given considering I am involved.

Baycorp Advantage? I have downloaded form and will fax to them Monday. They say will post within 10 working days. Interesting that they only mention credit history for past 5 years.

Is it better to answer refused credit or legal right as the reason for asking for credit file?
 

oz_mark

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JohnK said:
Strange! It is a given considering I am involved.

Baycorp Advantage? I have downloaded form and will fax to them Monday. They say will post within 10 working days. Interesting that they only mention credit history for past 5 years.

Is it better to answer refused credit or legal right as the reason for asking for credit file?

Legal Right is probbaly the most correct reason.

I got mine originally by just writing a letter and asking for it.
 

cpl

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JohnK said:
I have never looked at my credit file [...]

Did you insert a Credit Card advertisement into your posting [between text and signature] or was your posting modified? Did you consent?
 

cpl

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cpl said:
Did you insert a Credit Card advertisement into your posting [between text and signature] or was your posting modified? Did you consent?

Now my own posting got falsified to make me look like I advertise/support a certain VIP Airport Lounge. I find this highly questionable and worse than the recent "community updates" spam.
 

oz_mark

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cpl said:
Now my own posting got falsified to make me look like I advertise/support a certain VIP Airport Lounge. I find this highly questionable and worse than the recent "community updates" spam.

The posts themselves don't get modified, it is just the Google Ads that get inserted after the post (and before the signature if there is one). I also find the placement of these ads troublesome.
 
Vinomofo is the best wine deals site on the planet. Good wines, real people and epic deals, without all the bowties and bs.

AFF Supporters can remove this and all advertisements

ozstamps

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oz_mark said:
The posts themselves don't get modified, it is just the Google Ads that get inserted after the post (and before the signature if there is one).

I also find the placement of these ads troublesome.

Ditto. If Admin offered the fairly standard opt out deal for many BB to pay $10 or $15 to not see these, I'd sign up. vBulletin support sthat aspect.

My post had ANZ ads buried in it. :evil:
 

ozstamps

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I used to ask for my CRAA report once a year and it was free. There now seems to be a fee involved?

How do I access my credit information?

The law guarantees that you are generally able to have access to your own file kept by a credit reporting agency or to a credit report kept by a credit provider. Under the law, a credit provider must notify you if it has refused to grant you credit on the basis of a credit report obtained from a credit reporting agency.

If you wish to obtain a copy of your credit information file, you should write to the relevant credit reporting agency requesting a copy. Give your full name and current residential address, and any other permitted information which the agency requests for the purposes of identifying you; for example, your previous residential address if you have moved in the past three years, date of birth and drivers licence number. The credit reporting agency must provide a copy of your file within 10 working days of having received your written request.
The two main credit reporting agencies in Australia are:
  • Baycorp (for residents of mainland Australia)
Public Access Division
Credit Reference Association of Australia
PO BOX 964
North Sydney NSW 2059
www.creditadvantage.com.au

The agency may provide your credit information to a person who has been authorised, in writing, by you to act on your behalf.
You can also write to a credit provider for a copy of the specific credit report that the credit provider used in the assessment of your application for credit. If the credit provider no longer has the report, it will advise you to contact the credit reporting agency that issued the credit report.​
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Do I have to pay for access to my information?

There is no fee associated with access to a credit report held by a credit provider. Also, you will generally not be charged a fee for access to your file held by a credit reporting agency if access relates to a refusal for credit or is related to the management of your credit arrangements. If a fee has been requested and you have been denied access because you refuse to pay the fee, you may refer the matter to the Privacy Commissioner.

===============

http://www.privacy.gov.au/publications/craa.html
 

serfty

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ozstamps said:
I used to ask for my CRAA report once a year and it was free. There now seems to be a fee involved? ...
Glen,

Scroll down on one or more of the 'windows' presented and you will see the 'no fee' option. It IS deliberate that the baycorp site make it appear a fee is involved.

Here is a link to an application form: y Credit File – Standard File Service.

Read the instructions carefully and supply all requested accurately; post/fax it and you should get you info in 2-3 weeks if all is ok.
 

bravoecho1

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A year or so ago I was talking to our banker and asked him this exact question.

His reply was that (for example) if you had a $20k limit, whether you had $19 or $19k owing, both will be treated as though all credit has been used.

He went onto tell me that when they work out your eligibility, each of the expenses that everyone incurs on a daily basis has to fall in within certain percentages of their net income. Something along the lines of mortgage no more than 45%, credit cards 5-10% etc etc. Don't quote me on the exact figures but you get the point.
 

oz_mark

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I think banks each have there own ways of determining what having a credit card means. Or maybe it is just because they ask in different ways! I have seen forms that ask for my limit, others that have just asked what the balance was etc.

Some people (e.g. me) who put just about everything on a CC would spend a fairly sizeable percentage of income paying it off :)
 

TravFF

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I have also seen the two different approaches to credit cards when applying for a mortgage. As oz_mark notes, some believe if you have a credit limit of $50K available to you through credit cards then you're going to use it all. Others actually look at the true spending on the cards which is a long way from the credit limit (usually).

Playing around with the calculators at www.infochoice.com.au recently and my tinkering with "how much can i borrow" scenarios indicated that for every additional $1000 in credit card limit, my borrowing power for a mortgage was reduced by $6200 - $6800. It was really quite an eye opener to see the effect of reducing the limits on a credit card if you didn't need to have a lot available to you at all times. I'd typically just agreed to the credit card pre-approved limit increases when younger so that I had the credit if I needed it. However, it would work against me in terms of mortgage borrowing power so I decreased my available limit on three cards and can now borrow up to $100K more for a mortgage (if I wanted to).

Might be worthwhile bearing in mind when applying for cards if you're only after the points.
 

JohnK

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oz_mark said:
Some people (e.g. me) who put just about everything on a CC would spend a fairly sizeable percentage of income paying it off :)
I only ever manage to just pay off the interest due for the month. I find it difficult to reduce the outstanding amount. :(
 
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