Credit Card Offers Qantas Premier Platinum Offers & Discussion

maia200 · Jun 4, 2023

ramboflyer said:
I'm retired 9 years and on a fixed income. I was surprised recently when I was approved for the Virgin Money card with 80,000 bonus points and 1:1 earning rate.

They even gave me a $24000 credit limit (I've since reduced it) compared to my (about to be cancelled) St George card which only gave me $6000.

My motto now is keep on churning but be prepared for knockbacks and the occasional pleasant surprise.

I'm going to start looking at Qantas cards again after I cancel my Amex Platinum later this year. I did swear off them but have a reasonable stockpile of points and it looks like things are improving for redemptions.

Did you have to give them all your income and expenses etc?

ramboflyer · Jun 4, 2023

maia200 said:
Did you have to give them all your income and expenses etc?

I certainly did. I was honest and was slightly under with their annual income minimum but thought I would submit it anyway expecting a refusal. This wasn't the first time I didn't quite make the income minimum and got approved.
I thought being retired would go against me but it wasn't.

Dr Ralph · Jun 4, 2023

ramboflyer said:
My motto now is keep on churning but be prepared for knockbacks and the occasional pleasant surprise.

There's never been a better/easier time to churn.

Everyman and his dog are being approved by the likes of AMEX and Citibank/NAB. Examples I've seen include little to no substantiation of income required.

I applied for a card recently and couldn't be bothered filling in all of the requested details about mortgage/expenses etc. So I just wrote down '$0' for everything. I got a call asking if this was a mistake. I said, nope, my partner pays for all of my expenses. They said can you provide a statement from your partner which says that this is true. I said sure. They then said congratulations you are approved. No pay slips, no tax return, no statement from my partner. Just a bank statement (which I had supplied with my application) and approved!

Oppai21 · Jun 4, 2023

Seems like there's fewer hoops to jump through these days. In the past month I applied for 7 credit cards was approved for 6 (including this one), with only one or two payslips required. I remember trying to apply for a low limit fee free credit card a few years ago and they wanted everything under the sun including a letter from my employer.

Jacques Vert · Jun 5, 2023

Dr Ralph said:
There's never been a better/easier time to churn.

Everyman and his dog are being approved by the likes of AMEX and Citibank/NAB. Examples I've seen include little to no substantiation of income required.

I applied for a card recently and couldn't be bothered filling in all of the requested details about mortgage/expenses etc. So I just wrote down '$0' for everything. I got a call asking if this was a mistake. I said, nope, my partner pays for all of my expenses. They said can you provide a statement from your partner which says that this is true. I said sure. They then said congratulations you are approved. No pay slips, no tax return, no statement from my partner. Just a bank statement (which I had supplied with my application) and approved!

Sounds like less is more.

maia200 · Jun 5, 2023

ramboflyer said:
I certainly did. I was honest and was slightly under with their annual income minimum but thought I would submit it anyway expecting a refusal. This wasn't the first time I didn't quite make the income minimum and got approved.
I thought being retired would go against me but it wasn't.

I have tried Amex and Latitude and they both said I did not make the income limit. Will bite the bullet and try another one application with someone else ...

maia200 · Jun 5, 2023

Dr Ralph said:
There's never been a better/easier time to churn.

Everyman and his dog are being approved by the likes of AMEX and Citibank/NAB. Examples I've seen include little to no substantiation of income required.

I applied for a card recently and couldn't be bothered filling in all of the requested details about mortgage/expenses etc. So I just wrote down '$0' for everything. I got a call asking if this was a mistake. I said, nope, my partner pays for all of my expenses. They said can you provide a statement from your partner which says that this is true. I said sure. They then said congratulations you are approved. No pay slips, no tax return, no statement from my partner. Just a bank statement (which I had supplied with my application) and approved!

Which card was this?

Oppai21 · Jun 8, 2023

Oppai21 said:
Anyone have any luck recently with prorata refund of annual fee when closing this card?

For those wondering they were not willing to provide a prorata refund of the annual fee after closure.

stopthecap · Jul 4, 2023

I am a serial churner who has recently retired @ 43.
Own home outright, 200k in cash savings and 50k PA in rental income but was denied for the suncorp qantas card even after a secondary request for the last 2 years NOA showing 150k AUD PA Income. Why not take rental income into account? Any hints?

levelnine · Jul 4, 2023

celsioraus said:
Why not take rental income into account? Any hints?

Very few will. The end of your employment will likely mean the end of your serial churning days.

You might be able to get one or two through (eg Amex), but on the whole it's over for you.

stopthecap · Jul 4, 2023

levelnine said:
Very few will. The end of your employment will likely mean the end of your serial churning days.

You might be able to get one or two through (eg Amex), but on the whole it's over for you.

yeah so why do they put "Retired" on the form as an option?

Daver6 · Jul 4, 2023

celsioraus said:
I am a serial churner who has recently retired @ 43.
Own home outright, 200k in cash savings and 50k PA in rental income but was denied for the suncorp qantas card even after a secondary request for the last 2 years NOA showing 150k AUD PA Income. Why not take rental income into account? Any hints?

Did they specifically say income was the issue?

stopthecap · Jul 4, 2023

Daver6 said:
Did they specifically say income was the issue?

Got the call to ask for tax returns, provided them and recieved a generic denial email stating usual 1 of 4 reasons. Obviously they arent happy with rental income and if retired is an option i assume super pull down must be the assume income requirement

I can see as per AMEX their benefits are less than great, 60k points for 450pa.. I can do wine 40 points per $ all day, including the wine with the obvious goal of hitting PC (PCP will be a dream from now)

Receive 60,000 bonus Qantas Points
when you apply online, are approved, and spend $3,000 on eligible purchases on your new Card within the first 3 months. T&Cs apply. Available to new Card Members only1.
Card Type: Credit Card
Annual Fee: $450 p.a.

Daver6 · Jul 4, 2023

celsioraus said:
Got the call to ask for tax returns, provided them and recieved a generic denial email stating usual 1 of 4 reasons. Obviously they arent happy with rental income and if retired is an option i assume super pull down must be the assume income requirement

I wouldn't be so sure. They might have first been testing the income assesment. If you're a churner and have a bunch of credit hits, that could be the reason. It seems that's becoming more impactful these days.

stopthecap · Jul 4, 2023

Daver6 said:
I wouldn't be so sure. They might have first been testing the income assesment. If you're a churner and have a bunch of credit hits, that could be the reason. It seems that's becoming more impactful these days.

Possible if coupled with my income.. looks like im up cough creek

Daver6 · Jul 4, 2023

celsioraus said:
Possible if coupled with my income.. looks like im up cough creek

The really annoying part is they won't tell you why you were knocked back. If it's income, then you know what you need to do. If it's too many credit checks, you also know what to do. Without that information you're just left to guess

33kft · Jul 4, 2023

I'm not saying you should lie when applying for credit cards, but I'd like to think if I were in possession of a NOA showing $150K income for the prior tax year and was particularly recently retired with let's say some sole trader income at a young age, I might identify as self employed for the purpose of said application form

Imho retired without a pension or superannuation annuity is really only a state of mind. I don't think what you think of when you tick retired and what they think of when they run it through their model are that well aligned. Similarly, I don't necessarily think rental income is rental income unless I'm filling out my income tax return form... Of course associated loans need to be disclosed along with expenses but if you are talking about 50K pa of passive income after expenses, that's not any different to a small business owner making 50Kpa of profit. It isn't enough to qualify for some of the more premium card offers but if the minimum income threshold is met, that is your income.... A NOA will say that is your income, too. I am sure your situation could be viewed through another prism.

levelnine · Jul 5, 2023

celsioraus said:
yeah so why do they put "Retired" on the form as an option?

So they can send your application straight into the bin

.

stopthecap · Jul 5, 2023

33kft said:
I'm not saying you should lie when applying for credit cards, but I'd like to think if I were in possession of a NOA showing $150K income for the prior tax year and was particularly recently retired with let's say some sole trader income at a young age, I might identify as self employed for the purpose of said application form

Imho retired without a pension or superannuation annuity is really only a state of mind. I don't think what you think of when you tick retired and what they think of when they run it through their model are that well aligned. Similarly, I don't necessarily think rental income is rental income unless I'm filling out my income tax return form... Of course associated loans need to be disclosed along with expenses but if you are talking about 50K pa of passive income after expenses, that's not any different to a small business owner making 50Kpa of profit. It isn't enough to qualify for some of the more premium card offers but if the minimum income threshold is met, that is your income.... A NOA will say that is your income, too. I am sure your situation could be viewed through another prism.

Agree and thanks for the input. I will switch to this

kelvedon · Aug 10, 2023

$299 Annual fee came up last month. Called up and was offered 50% discount.
I spend approx $90K p.a. on it.

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