Everyday Rewards Qantas Credit Card

[Newk]

I have been refused twice for this card...sniff
I don't seem to have much luck with HSBC
Lordy if only they knew what I put through credit cards and what a good risk I am
Oh well, their loss
Wait a few months and try again I guess

 

[Deleted User]

I have been refused twice for this card...sniff
I don't seem to have much luck with HSBC
Lordy if only they knew what I put through credit cards and what a good risk I am
Oh well, their loss
Wait a few months and try again I guess

Shame to hear that you having problems getting this card, for me this was a very easy card to get, and I'm self employed so lots of risk there they would see... for me HSBC love me, but Citi & Amex dont... (Been rejected several times)

What percentage of credit do you have at the moment in relation to your gross earnings...? This may be your problem, you may already have too much credit already...?

 

[Newk]

Shame to hear that you having problems getting this card, for me this was a very easy card to get, and I'm self employed so lots of risk there they would see... for me HSBC love me, but Citi & Amex dont... (Been rejected several times)

What percentage of credit do you have at the moment in relation to your gross earnings...? This may be your problem, you may already have too much credit already...?

LOL: Interesting to hear your experiences with the various companies as I seem to have no issues with Amex and Citi...nor the major banks for that matter . I have just had two balance increase offers.

I imagine some companies get "used to" some customers. That said my app for citibank gold business got turned down recently but I am 99% sure it was because I wasn't able to take the phone call from (the otherwise unreachable) credit department to discuss rebalancing the limits on the other cards.
If you ignore the charge cards (ie "no limit") my combined credit limits would be, say, a quarter of my gross earnings. And about a 5% of assets
I have always played the game hard and had multiple cards and play the points and balance-transfer games. But I must say that my application rate has increased a lot recently after reading stuff here. That MAY be the issue with WWEDRC. But the last refusal was some time ago when I wasn't nearly as active.
I got the thumbs down for the jetstar one too. Double sniff

 

[Deleted User]

....my combined credit limits would be, say, a quarter of my gross earnings. And about a 5% of assets

I currently have available credit with three credit card companies (all joined after citi & AMEX direct rejected me & all points earning cards) my available credit is ~50% my Gross Earnings... Currently closing some cards cos its points season shortly...

Edit: The limit given on my QEDRCC is above 25% of my gross earnings FYI

 

[albatross710]

Not sure if this is the right place to ask, but does anyone know what the policy is regarding earning points when the card is in credit?

For example, if I put $1,000 cash onto the card to pay $500 owing, and then spend $500, do I still get the points for that purchase, or is it not credited? Moreover, is it even possible? I used to have a special sort of loan/card which I could put in credit, but I'm not sure if that works on the WWEDRCC.

My understanding is that the points accrue on the transaction level irrespective of the balance.

 

[Aussie_flyer]

As another data point card arrived exactly 8 days after application. Credit limit 12% of gross yearly income. Nil need for id check in store. No documents asked for. Activated over the phone

 

[burmans]

Shame to hear that you having problems getting this card, for me this was a very easy card to get, and I'm self employed so lots of risk there they would see... for me HSBC love me, but Citi & Amex dont... (Been rejected several times)

What percentage of credit do you have at the moment in relation to your gross earnings...? This may be your problem, you may already have too much credit already...?

Have you guys pulled your credit file and had a close look, there may be something on there you are unaware of!

 

[Deleted User]

Have you guys pulled your credit file and had a close look, there may be something on there you are unaware of!

Pretty sure Amex & Citi dont like me due to the fact that I am a sole trader, and my taxable income is low due to heavy superannuation contributions. My veda report shows nothing for both of these companies to be concerned with...

 

[burmans]

Pretty sure Amex & Citi dont like me due to the fact that I am a sole trader, and my taxable income is low due to heavy superannuation contributions. My veda report shows nothing for both of these companies to be concerned with...

Yes, if your veda report shows nothing then it's almost certainly about serviceability. NNCP law requires lenders to lend responsibly and if you have lowish income and a number of credit cards already not surprised they might not lend to you.

 

[Deleted User]

Yes, if your veda report shows nothing then it's almost certainly about serviceability. NNCP law requires lenders to lend responsibly and if you have lowish income and a number of credit cards already not surprised they might not lend to you.

Yes, but Amex & Citi look at risk completely different than the "others" who are happy to come to the party, and then offer limit increases once they see the current limits being used...

 

[burmans]

Yes, but Amex & Citi look at risk completely different than the "others" who are happy to come to the party, and then offer limit increases once they see the current limits being used...

Well aware that lenders treat differently but some would suggest they are incorrect. Credit risk decision about individuals is one thing but taking on the responsible lending laws is quite different. I don't think these laws have been tested yet, but sending out mass credit limit increases without assessing serviceability in my opinion opens these lenders to the possibility of a whole class of contracts being branded non-complaint with a risk that they all get cancelled, i.e. this whole group of people don't need to pay back the money.

 

[Newk]

Have you guys pulled your credit file and had a close look, there may be something on there you are unaware of!

I fixed it another way.
I have just activated my new Qantas Staff Credit Union card and Mrs N has a brand spanking new Everyday rewards card. Soon she can apply to have me as a supplementary card holder. Take that HSBC!!!
Thanks for the credit file suggestion..I am not sure that I want to look. I rationalise it by thinking it's a HSBC thing. I have little trouble getting cards and increases from every other company and the major banks.

Regards

 

[Walter_Plinge]

I fixed it another way.
I have just activated my new Qantas Staff Credit Union card and Mrs N has a brand spanking new Everyday rewards card. Soon she can apply to have me as a supplementary card holder. Take that HSBC!!!
Thanks for the credit file suggestion..I am not sure that I want to look. I rationalise it by thinking it's a HSBC thing. I have little trouble getting cards and increases from every other company and the major banks.

Regards

I've been thinking about a Qantas Staff Credit Union card as a replacement for the Woolworths card. Are you Qantas staff (I'm not)? What's card website like?

 

[Newk]

I've been thinking about a Qantas Staff Credit Union card as a replacement for the Woolworths card. Are you Qantas staff (I'm not)? What's card website like?

Hiya

I am not staff. There is a catch all group of people of people who can join....something along the lines of "have you ever worked in the hospitality industry?'. I can imagine that just about everyone has done some bar work. This information is not required until the very last minute so don't be concerned in that regard
The web application was a dream. Be warned that they subsequently ask for more documentation than any other company I have dealt with. So don't write down, or type in, any figures that won't be backed up by the 3 or so months of statements they ask for for every account you say that they have.
I just kept sending in reams of documents by post, fax and email until one day about a week later I got an email saying I had been approved. I am still unsure if I had provided everything they initially asked for.
Overall an extremely positive experience.
Part of the fascination of "this" is comparing and contrasting the processes of the various companies

Regards, let us know what you do and how you go

 

[cove]

My eldest son now has a Woolies credit card so I am happy he finally got around to applying.

 

[Cruiser Elite]

My WWERQCC has a split across card even though only ever scanned and not swiped - will need to replace it.

I got it when first ever floated and copped whatever the bonus pts were then - has anybody ever actually cancelled there card - laid fallow for a coupla months - then re-applied for new card and copped second wad of bonus pts from WW?

 

[cove]

Not me. I just use up about my credit limit most months and sometimes re-load it mid month. It works fine but don't ever pay it late as HSBC who run the card will brutalise you as I found out once. All I did was get the credit limit increased rather than go for a 16k points for a second time.
Our family has 3 cards now and I love it being uncapped.

 

[Newk]

My eldest son now has a Woolies credit card so I am happy he finally got around to applying.

sniff and they won't give me one. In the lingo of this forum they obviously don't KWIA

 

[whatmeworry]

I just started a new job. Does anybody know how long I should wait till I apply for this card?

 

[cove]

About 3 months should be ok if you dont have big gaps of no employment and that can be proven with your tax return.