Is it the end of Ezy Banking

[Ngariman]

Did anyone else see in the news tody the new agreement, that Woolworths and ANZ have struck to provide them 700 ATM's

It also stated that the Woolworths Ezy Banking agreement with Commonwealth bank will be winding back at the end of the year. And the Ezy Banking Kiosks will be slowly taken out of their stores!

What does that mean for all of us Ezy MasterCard Holders? I love the Ezy MasterCard low annual fee and the unlimited 1:1 Qantas points

Will they keep the card around?, create a new card with ANZ or I have even heard they may apply for their own Banking licence.

So that leaves me wondering if Woolworths do pull out what will CBA do with all the MasterCard holders???

Will we all loose the generous 1:1 that we love so much

 

[oz_mark]

beardoc gave us a heads up on the Woolworths/Commonwealth Bank unwinding couple of months back. See http://www.frequentflyer.com.au/discus/viewtopic.php?t=1704.

I don't know if they have made any decisions regarding the existing cardholders.

 

[one9]

Instead of capping points, why can't a bank decide to reduce points earning after a certain limit? Say after 100,000 points 1 for 1, further points are earned 1.5 to 1, or 2 to 1. This is a better way for bank to keep the high spending customers.