Everyday Rewards Qantas Credit Card

[delfredo]

Yeah, the Commonwealth advertising instant transactions is making me jealous. I'm an ANZ customer - I can transfer from one account to another and they'll show up days apart.

I'm not sure how they get to claim that they are the first to introduce live transactions. I always get this on NAB. Details of the payee may not be clear or confirmed but NAB will always immediately show a debit or credit amount in the transaction listing.

 

[Moopere]

Don't you still get the 10c/litre discount offer until 28th Feb?

The way I read the offer was that I only receive the additional 10c/litre off the price if I use the ePump facility. As my PIN was rejected at the pump I assumed I couldn't redeem on this occasion so I went to the checkout and paid in the normal way. Got a paper receipt which indicated I received the 'normal' 4c/litre discount.

So something really fishy is up. The EDR/EDR CC obviously registered that fact that I was at the ePump yet declined my PIN .... I'm pretty sure they are going to double charge me you know - won't be surprised at all to find that fuel purchase appear as an ePump transaction in about a week when it all feeds through to HSBC.

 

[oz_mark]

Its all very fancy this stuff, but really, they are overcomplicating simple purchases and are not (apparently) able to provide a consistent service with all this funky additional stuff they throw at us. The EDR CC is apparently a "Platinum" if you look at the printing on the card, but seriously WW/HSBC you're not kidding anyone with that ... its a grocery card with grocery service and functionality.

Don't get me wrong, its cheap and cheerful, the 16K free points offsets the 89$ fee to make it essentially free and the QFF direct sweep for everyday stuff will help out, but overall I'm going to try not to expect too much.

To be fair to them, it is not promoted as a platinum card. I assume the reason it is platinum, is for the extra interchange fees that are applicable to platinum over, say a gold card. I got is solely for the 1 FF per dollar functionality - the rest I am not over fussed about.

 

[pshepvic]

I'm not sure how they get to claim that they are the first to introduce live transactions. I always get this on NAB. Details of the payee may not be clear or confirmed but NAB will always immediately show a debit or credit amount in the transaction listing.

The CBA transactions show the merchant immediately. Plus they have instant transactions for Credit Cards as well - other credit cards don't show transactions for at least 24 hours, sometimes days - including NAB. So I'd say what they've done is pretty much a first.

 

[Oneworldplus2]

Agreed oz_mark.
But it does have a Platinum on it. Funny that

View attachment 1670

 

[oz_mark]

Agreed oz_mark.
But it does have a Platinum on it. Funny that

View attachment 1670

It has to have platinum so they can charge the extra interchange fee. The 1FF point has to be paid for somehow, and a lesser card probably wouldn't have the fees in it.

If they are not promoting it as a platinum card (and looking through the brochures you'd be hard pressed to pick it was a platinum) then one shouldn't expect all the bells and whistles that you're not paying for

 

[Moopere]

It has to have platinum so they can charge the extra interchange fee.

Yeah, could be. I don't know about such things. Seems a bit funny though. Things written on the card are surely for the understanding and benefit of the consumer. In relation to CC's Platinum has come to mean something ... generally speaking.

Why don't they just write "interchange fee" on the card hehehe. I'm laughing of course, interesting how the language when mixed with business and legal imperatives becomes warped and essentially meaningless

If they are not promoting it as a platinum card (and looking through the brochures you'd be hard pressed to pick it was a platinum) then one shouldn't expect all the bells and whistles that you're not paying for

Sure. I never knew it was a plat until the card actually arrived so I completely agree, its certainly not false advertising, at least not during the introduction phase.

As I didn't expect it to be a plat I didn't pursue the card for platinum perks, and thats surely a good thing because this is a truly bare bones card

Interestingly though, the CC charge limit, which I was not asked about, it was simply set for me, was high enough to certianly be in the normally expected "Platinum" range ... weird. I fixed that of course, platinum spend will get directed to a true plat card with the additional benefits that type of card comes with.

 

[delfredo]

The CBA transactions show the merchant immediately. Plus they have instant transactions for Credit Cards as well - other credit cards don't show transactions for at least 24 hours, sometimes days - including NAB. So I'd say what they've done is pretty much a first.

That's true. So CBA's the first to show merchant name live as it happens. NAB shows my credit card transactions live too, but without the merchant name. I know that Amex transactions usually appear overnight - probably due to the early morning batch processing of data. Woolworths must be the worst of all - taking days.

 

[yohy?!]

Quite handy that the Platinum is so obscured.

Should make it impossible for merchants to surcharge it...for now anyway

 

[oz_mark]

Quite handy that the Platinum is so obscured.

Should make it impossible for merchants to surcharge it...for now anyway

I have yet to strike a merchant that surcharges platinum cards different to other cards. But if everyone gets a platinum card then maybe the time will come.

 

[yohy?!]

I have yet to strike a merchant that surcharges platinum cards different to other cards. But if everyone gets a platinum card then maybe the time will come.

Others have encountered merchants surcharging for so called Premium cards -Platinum and business mc and visa cards

http://www.commbank.com.au/business/pds/Merchant_fee_booklet_270607.pdf

 

[FFGrey]

Interestingly though, the CC charge limit, which I was not asked about, it was simply set for me, was high enough to certianly be in the normally expected "Platinum" range ... weird. I fixed that of course, platinum spend will get directed to a true plat card with the additional benefits that type of card comes with.

By "Fixed" does that mean you asked for a credit limit reduction?

I just got this card and was very surprised at its high limit! I'm thinking of reducing the credit limit as I'd never use it anyway.

 

[Moopere]

By "Fixed" does that mean you asked for a credit limit reduction?

I just got this card and was very surprised at its high limit! I'm thinking of reducing the credit limit as I'd never use it anyway.

Yes, I rang them up and reduced the limit significantly! Its a bit cheeky of them to put such a massive limit on the card without actually asking on the application form what you might like. I had some trouble because of this insane limit when another card I also applied for at the same time was queried ... (I got a 'what are you up to' type of phone call)

This was my own fault I guess, I should have applied one at a time and adjusted limits. Nevertheless, I didn't know the EDR CC was a platinum, I thought it was just a regular 'grocery' type card and would get a grocery type limit. Tsk, tsk, I'll know better next time.

 

[Oneworldplus2]

I just got this card and was very surprised at its high limit! I'm thinking of reducing the credit limit as I'd never use it anyway.

+1
Surprised at the high limit without question.
I called and reduced my limit, was also told that l couldn't increase the limit for 6 months if l reduce the limit, "no worries, please reduce my limit".

(OT; This card is very handy when merchants don't accept AMEX, l still get 1 point per dollar spent on the EDRCC.)

 

[cove]

Gee I have always sought the biggest limits available because currently they do not charge you for not using a high limit.
I hope no banker is reading this!
And I never spend more than I can pay off in full by the due date.

 

[FFGrey]

And I never spend more than I can pay off in full by the due date.

They love to give a massive limit, just in case you DO use it one day... they really love to give consumers a long, long rope to hang themselves with!! :shock: It's a bit irresponsible of lenders to do this, IMHO, and there should be legistlation which forces banks to offer limit ranges to people.. but I guess that the whole point of credit is to get people into financial servitude so they can make money off people with their interest and fees.

 

[Moopere]

Gee I have always sought the biggest limits available because currently they do not charge you for not using a high limit.
I hope no banker is reading this!
And I never spend more than I can pay off in full by the due date.

On the one hand I agree with this. My spending is fully budgeted and I always pay off my cards at month end. However, when you start getting more then one card each with a silly high limit it can affect your ability, or my ability at least, to gain further tasty cards with nice free bonus point offers

I recently found that having multiple high limit cards affected house loan applications I was making, despite my record being clean as a whistle, really high combined credit limits scare banks

I now try to keep one decent performing card, a gold or plat which gives perks like insurance and whatnot and also has a limit high enough to cover the average holiday I might take. Other cards which are for local flights or consumer goods are a much much lower limit.

 

[yohy?!]

It's been interesting to see how the banks are starting to extend credit again following the gfc. In 2007 the only way I could get a loan was to agree to a ridiculous 4 year term and god forbid I deserved a credit card.

Now I've managed to get 4 different cards approved in the space of 4 months, there's no method to the madness...

 

[greenfrog86]

They love to give a massive limit, just in case you DO use it one day... they really love to give consumers a long, long rope to hang themselves with!! :shock: It's a bit irresponsible of lenders to do this, IMHO, and there should be legistlation which forces banks to offer limit ranges to people.. but I guess that the whole point of credit is to get people into financial servitude so they can make money off people with their interest and fees.

Well then you'll be happy to know that from 1 January this year there is now legislation around Responsible Lending that will change the way credit is offered to consumers.

Credit providers must now let the customer indicate the amount of credit they are seeking when applying for things such as credit cards. Even if they would normally give you a higher limit they can't give you more than you asked for in the application...

As people here have mentioned the best way to be comfortable about your limit is to change it to something you're comfortable with - the only catch you'll find here is that some 'premium' cards will have a minimum credit limit in order to have that card.

 

[shippo]

Seeing the 16k points bonus by signing up by today (31 Jan) is expiring, does anyone have any heads up as to what the next enticement will be to recruit more customers?

Surely if they are chasing customers, another offer with similar or more attractive terms will surface?