Credit card rewards swiped, RBA finds

[kamchatsky]

Interesting read from RBA:

Credit card rewards swiped, Reserve Bank finds

The actual paper is here (page 55):

http://www.rba.gov.au/publications/bulletin/2012/mar/pdf/bu-0312.pdf

 

[DeKa]

Interesting to see two of our favourite cards specifically mentioned at the top of the right hand column of page 60.

A second similar development in recent years has
been the introduction of a number of merchant branded
platinum credit card products (for instance,
the Woolworths Everyday Rewards (Qantas) and
the Jetstar Platinum cards).

and this is why we all use them (page 63)

Reward points for merchant-branded four-party
platinum cards are more generous than the
bank-branded platinum cards: the cardholder needs
to spend around $12 600 to earn a $100 shopping
voucher, compared with $18 800 for bank-branded
platinum cards (not taking into account extra
points that some cards offer for spending at certain
merchants).

 

[kamchatsky]

Also mentioned the following:

Citibank Signature
Citibank Select
CBA Diamond