Latitude 28 Degrees $8 per month starting September 2024

[PLANT]

Looks like

Bendigo Bank Ready Credit Card​

The card to replace 28 degrees.

 

[rigram]

Up Card (debit card) is a joint venture between Adelaide & Bendigo banks. It has a "travel mode" which is excellent when overseas. They have no fees, great exchange rate, and digital and physical card, you can apply and set up a digital card with a few minutes.
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[Viridis]

Up Card (debit card) is a joint venture between Adelaide & Bendigo banks. It has a "travel mode" which is excellent when overseas. They have no fees, great exchange rate, and digital and physical card, you can apply and set up a digital card with a few minutes. If you use my referral link - we both get $11

Given that this is a debit card, how does it trump Wise which also offers additional benefits

 

[rigram]

Given that this is a debit card, how does it trump Wise which also offers additional benefits

There are limits on how much you can spend with your Wise card and withdraw from ATMs. For all cardholders, there are monthly limits that reset on the first day of each month. There are also daily limits that reset each day at midnight.

 

[mel-world]

While the monthly ATM limit of AUD350 is a pain, you can still withdraw more for a small fee, I'm not sure a monthly usage limit of AUD52500 is going to worry me too much.

 

[Viridis]

There are limits on how much you can spend with your Wise card and withdraw from ATMs. For all cardholders, there are monthly limits that reset on the first day of each month. There are also daily limits that reset each day at midnight.

As stated in another thread, I “don’t do” cash, so that doesn’t worry me

Additionally, the ability to store & operate in other currencies far outweighs the perceived negatives of transaction limits.

(Now if I could just convince Wise to offer a fee & forex free credit card with a points programme that mimics the Amex Plat, they’d be the perfect financial institution )

 

[Rye]

Getting a credit card when retired is near impossible despite being debt free etc. The fee is a game changer but I'd exercise caution - if retired.

 

[Legoman]

As stated in another thread, I “don’t do” cash, so that doesn’t worry me

That is of course your choice and prerogative, but one doesn't have to look very far at all these days to find establishments that very firmly accept nothing but cash, via their Cash Only signs before you even enter the premises.

 

[Viridis]

That is of course your choice and prerogative, but one doesn't have to look very far at all these days to find establishments that very firmly accept nothing but cash, via their Cash Only signs before you even enter the premises.

Yes, I accept that.

I travel a fair bit for work, mostly around Asia but occasionally the US and the UK/Europe. I also visit the UK/Europe on leave most years.

If a venue doesn’t accept credit cards then I simply go without the product or service they’re offering. Occasionally, but only occasionally, this means I end up having to dine at the hotel I’m staying at, but it’s a rare occurrence.

To date, the ‘sacrifice’ has been incredibly small.

Your assessment of the US situation may well be correct (and they have long revered the Greenback and held a ‘cash is king’ mindset) but my opinion is that - it is 2024 for heaven’s sake - the preference for cash has more dubious motivations and I won’t support it by offering them my patronage

 

[VPS]

Getting a credit card when retired is near impossible despite being debt free etc. The fee is a game changer but I'd exercise caution - if retired.

Welcome to AFF - there has been quite a bit of discussion on that in other forums here

 

[Jacques Vert]

Getting a credit card when retired is near impossible despite being debt free etc. The fee is a game changer but I'd exercise caution - if retired.

More difficult yes, but by no means impossible.

I've had two successfull applications this year alone.

 

[burmans]

More difficult yes, but by no means impossible.

I've had two successfull applications this year alone.

I agree, I’ve had 3 successes. But I know a bit about credit decisioning, it’s all about disposable income. Unless you can show money coming in (and in excess of what’s going out) it would be irresponsible to lend.

 

[Jacques Vert]

I agree, I’ve had 3 successes. But I know a bit about credit decisioning, it’s all about disposable income. Unless you can show money coming in (and in excess of what’s going out) it would be irresponsible to lend.

Agreed. It's about learning how to play their game.

 

[jkbaus]

I got this as Wizard in 2013.
Closed via android app and requested letter by email.
Received email yesterday stating it was closed.

Today I received another email as below with a link.

“We wanted to let you know some information about your account.

Simply follow the link below to retrieve your letter.

Please note that this link will only be active for 14 days from today's date and if you would like to keep a copy of the letter, please save a copy.”

Anyone else received this and clicked on the link?
I am hesitant to click on any links.

 

[Pushka]

More difficult yes, but by no means impossible.

I've had two successfull applications this year alone.

I made an error in my InG application and knew as soon I clicked the submit that I'd doubled outgoings for a couple instead of my share, but obviously could only submit incomings for myself. I immediately submitted a correction online, sent them an email and private messages on their app (I already have an ING debit card). They later asked for employer letter. Submitted. Super letter. Submitted. Tax return submitted. So much personal info. They then declined. I've put in a complaint because I qualified for another credit card the day after I submitted. All I wanted was a $7000 limit to pay for hotels overseas etc.

 

[Legoman]

Agreed. It's about learning how to play their game.

Without knowing the rules, having the field tilted so you're always playing uphill and the wind is against you. Oh and there's three balls on the field at the same time and the referees (three of them) are only watching you and no decisions about anything can be appealed or questioned because no oversight appeals board exists.

I made an error in my InG application and knew as soon I clicked the submit that I'd doubled outgoings for a couple instead of my share, but obviously could only submit incomings for myself. I immediately submitted a correction online, sent them an email and private messages on their app (I already have an ING debit card). They later asked for employer letter. Submitted. Super letter. Submitted. Tax return submitted. So much personal info. They then declined. I've put in a complaint because I qualified for another credit card the day after I submitted. All I wanted was a $7000 limit to pay for hotels overseas etc.

Don't bother fighting it unless you've got lots and lots of spare time to waste achieving nothing except destroying your credit rating. To be fair though, your credit rating is already now in the gutter anyway after applying for two credit cards in two days, so you haven't really got much more to lose. May as well go all-in I guess.

Nothing says "desperate" to the credit ratings agencies like two applications in consecutive days.

 

[Pushka]

Without knowing the rules, having the field tilted so you're always playing uphill and the wind is against you. Oh and there's three balls on the field at the same time and the referees (three of them) are only watching you and no decisions about anything can be appealed or questioned because no oversight appeals board exists.

Don't bother fighting it unless you've got lots and lots of spare time to waste achieving nothing except destroying your credit rating. To be fair though, your credit rating is already now in the gutter anyway after applying for two credit cards in two days, so you haven't really got much more to lose. May as well go all-in I guess.

Nothing says "desperate" to the credit ratings agencies like two applications in consecutive days.

You made me curious so I checked. It’s Excellent. 911/1000

 

[Legoman]

You made me curious so I checked. It’s Excellent. 911/1000

Takes about a month to update. It's not a live and dynamic thing. Credit Ratings are only updated on a monthly basis unless something extreme happens like fleeing the country under an arrest warrant. They look at the figures every month and adjust depending on any reported changes to their measurement criteria. ING and your other credit provider haven't even got around to reporting your applications yet, let alone the agency updating your rating. Give it at least a month, maybe two before looking again. I guarantee it won't be 911/1000 anymore.

This is why the rule of thumb recommendation is only one credit application per 3 month period. Any more than that and the reporting agencies will likely get hit with multiple application request reports all at the same time, which on the surface looks a lot worse.

 

[Pushka]

Takes about a month to update. It's not a live and dynamic thing. Credit Ratings are only updated on a monthly basis unless something extreme happens like fleeing the country under an arrest warrant. They look at the figures every month and adjust depending on any reported changes to their measurement criteria. ING and your other credit provider haven't even got around to reporting your applications yet, let alone the agency updating your rating. Give it at least a month, maybe two before looking again. I guarantee it won't be 911/1000 anymore.

This is why the rule of thumb recommendation is only one credit application per 3 month period. Any more than that and the reporting agencies will likely get hit with multiple application request reports all at the same time, which on the surface looks a lot worse.

. Ok. The first ING application started in early August. 28 approved 21st. I'll check again in a bit then.

 

[Cynicor]

Takes about a month to update. It's not a live and dynamic thing. Credit Ratings are only updated on a monthly basis unless something extreme happens like fleeing the country under an arrest warrant. They look at the figures every month and adjust depending on any reported changes to their measurement criteria. ING and your other credit provider haven't even got around to reporting your applications yet, let alone the agency updating your rating. Give it at least a month, maybe two before looking again. I guarantee it won't be 911/1000 anymore.

This is why the rule of thumb recommendation is only one credit application per 3 month period. Any more than that and the reporting agencies will likely get hit with multiple application request reports all at the same time, which on the surface looks a lot worse.

Nonsense. I always do 2 applications at the same time and never rejected. It’s much more than the timing of applications.
I do accept that on the old system which was only negative it was the only marker they had, but that was about 10 years ago now