It's just a normal tax assessment where (because my income is investment income that isn't fully franked) some tax is payable.
.It was more frustrating than unpleasant. What was most noticeable was that I found myself checking myself when talking to the front-line staff, because I was getting frustrated - but it wasn't with them, it was with the assessment team, but they were also frustrated with the assessment team, and it seems like they are always frustrated with the assessment team. I think that the front-end team spend their days on the phone talking to customers who are dealing with dumb questions from the assessment team. They do a good job.
Electronically. Because I know my current credit card bill will be at least $4000 a month to meet my minimum spend threshold to avoid the monthly fee, I put $1000 in my transaction account 5 days before the due date of the account and make 5 $200 payments to my credit card the next day.
Likewise. On 400k+, no debt (well, we have a mortgage fully offset bar $1000 and I know that the mortgage value is taken into account not the offset ..... but the mortgage is small), don't churn, credit rating 'Excellent' and had only the Amex Plat Charge/Reserve at the time of applying. Was doing a full banking re-adjustment. Applied for the Ultimate and was knocked back. After discussions with the poor souls who have to deal with these decisions, I was eventually offered an $8500 limit. Excruciating processI got knocked back for the Ultimate with 400k at one point
So, they eventually gave me a credit limit of 2.5% of my regular income.
Now I've got no regular income, they give me a credit limit of 25% of my much (much) smaller irregular income.
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At the time I was in a similar situation, I confirmed that I would be approved for a $150,000 car on my Amex platinum card, but not a $175,000 car.
Thank you for the tips. I may give this card a go. You've confirmed that the electronic scheduled payments should work, which is what I was after.
It's good that this is all OK.It's just a normal tax assessment where (because my income is investment income that isn't fully franked) some tax is payable.
It's due November 21, and I'll pay it when due. It's a notional debt that falls due on 21st November and will be extinguished the moment it is due
The downside of my investment mix, but I'm happy with my choices.
Absolutely.
Well, for anyone playing along at home, still...I'm about to test CBA on notices. I have an Ultimate Card where the spend to avoid the fee is $2,500 per month. Having not been notified of any changes to my credit card T&Cs, and having opened not one, but two (one for me, one for Mrs BJReplay) HSBC Star Alliance cards, my spend for the Dec-Jan statement will fall below $4,000 for the first time since they apparently brought in the change for pretty much everyone else.
I look forward to the conversation with them if they charge me a feeor, alternatively, the knowledge that I'm grandfathered on a lower spend threshold to avoid a fee
Either outcome will be good.
Wow that is ridiculous! I remember when the ultimate first came out, got it at the measly 6k limit, cancelled it and got it again and cancelled it about 18 months ago. Now I don't think i will ever get it back!See post #383
Happening a fair bit if anecdotal evidence is any guide. Similar experience for colleagues in the office, none of whom could even remotely be considered ‘churners’. Not sure what Commbank is up to but it’s annoying. I would ditch the QF card and use the Ultimate as my ‘keeper’ non-Amex card but I’d need a huge increase in the credit limit which they will give no assurances that I’ll get. So it sits largely dormant until there’s a change in Commbank policy
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