Best Australian Bank

[Viridis]

Looking for recommendations - without providing financial advice, obviously - for an Australian bank

Having all sorts of issues with CommBank. Bureaucratic, insufferably conservative with credit card limits, etc etc etc. Applied for an increase in my CC limit today and, despite a $400k+ salary, largely rejected (I understand the criteria and our situation should warrant an increase)

My main bank is HSBC and weirdly they are faaaaaar easier to deal with

But I use a second bank for ‘redundancy’ with a small percentage of my salary being deposited each fortnight and a credit card just in case my primary banking option is compromised (me, as much as them)

Any insights greatly appreciated

 

[lilkid28]

Hi,

1. UBank also good interest rate for up to $250k savings. There's also a small referral fee for new user signup.

2. ING good interest rate for up to $100k savings, there's a $125 referral (referrer and referee) going on.

I'd say Ubank is one of the better/simpler bank with a good banking app too.

Otherwise, I have bank accounts with all the big 4 banks. Can't say any of the big 4 are the best.

 

[p--and--t]

Have accounts with all 4 big banks and 2 others. ANZ is the only one not to stuff me around unduly in last 20 years. However, their home lending criteria usually tighter than others - not sure about cc criteria.

 

[SYD]

Hi,

1. UBank also good interest rate for up to $250k savings. There's also a small referral fee for new user signup.

2. ING good interest rate for up to $100k savings, there's a $125 referral (referrer and referee) going on.

I'd say Ubank is one of the better/simpler bank with a good banking app too.

Otherwise, I have bank accounts with all the big 4 banks. Can't say any of the big 4 are the best.

Ubank (and ING*) have the advantage also of providing international transaction fee free debit cards.

NAB (also owns UBank) has some interesting CCs promos at the moment. Whilst they’ve announced they’re increasing the int tx fee to 3.5%, their NAB Rewards cards are supposed to be int tx fee free.

Have you looked at AMEX?

*ING have some hoops and jumps to get several benefits that can be a turn off. But they do also have a CC that’s fee free.

 

[Viridis]

Have accounts with all 4 big banks and 2 others. ANZ is the only one not to stuff me around unduly in last 20 years. However, their home lending criteria usually tighter than others - not sure about cc criteria.

Thanks. Mrs V has ANZ, in addition to HSBC, so as a preference I’d prefer an alternative but looking at their online-only offering.

 

[Viridis]

Ubank (and ING*) have the advantage also of providing international transaction fee free debit cards.

NAB (also owns UBank) has some interesting CCs promos at the moment. Whilst they’ve announced they’re increasing the int tx fee to 3.5%, their NAB Rewards cards are supposed to be int tx fee free.

Have you looked at AMEX?

*ING have some hoops and jumps to get several benefits that can be a turn off. But they do also have a CC that’s fee free.

Thanks

Have the Amex Plat and Reserve. Happy with that.

I like the Commbank Ultimate but the credit limit they’re offering is very limiting for international travel. Non of the big 4 seem to offer a comparable product. I’m tempted to ditch it and just suck-up the 3% with another card.

I’ll have a look at NAB & U Bank though. Thank you

Post automatically merged: 39 minutes ago

Have you looked at AMEX?

Sorry, just realized that I posted in the Amex forum - didn’t mean to do that. Poor tech skills