Moopere
Established Member
- Joined
- Feb 10, 2010
- Posts
- 2,653
No luck for me. I rang them as well, complained about the fee coupled with decreased points earn past 2500 and just got a "yes ..."
Old card will apparently be cancelled after the 25th of this month so they said. Not quite sure where thats going to leave them as far as getting paid for this months account is concerned. I rang them this month to ensure that I could do a bpay transfer to the old card number, turns out I could but that "it will take longer to go through" - okay, whatever, but next month the old card will be dead apparently, if the new card isn't activated then how will I pay them?
Others might have worked this out already I suspect, but I did a quick and dirty calculation on the new card fee and rough guess at what these institutions might pay QF for points - at 0.7c a point, which is high and I doubt many banks would pay, it equates to about $1650 of spend a month. If they are paying 0.6c/p then its about $1930/m and at 0.5c/p its about $2300/m ... I suspect that for the 1p/$ monthly spend portion the bank really wants you to pay for your own points
Old card will apparently be cancelled after the 25th of this month so they said. Not quite sure where thats going to leave them as far as getting paid for this months account is concerned. I rang them this month to ensure that I could do a bpay transfer to the old card number, turns out I could but that "it will take longer to go through" - okay, whatever, but next month the old card will be dead apparently, if the new card isn't activated then how will I pay them?
Others might have worked this out already I suspect, but I did a quick and dirty calculation on the new card fee and rough guess at what these institutions might pay QF for points - at 0.7c a point, which is high and I doubt many banks would pay, it equates to about $1650 of spend a month. If they are paying 0.6c/p then its about $1930/m and at 0.5c/p its about $2300/m ... I suspect that for the 1p/$ monthly spend portion the bank really wants you to pay for your own points