St George Amplify card - $139 for 90k points (discounted fee via specific link)

[mokuni]

Bank of Queensland is a completely different bank!

Sorry mistake. Bank of Melbourne!

 

[Kangol]

Sorry mistake. Bank of Melbourne!

Oh!
To answer your question, yes, find a copy without that specific clause.
However it looks like they have changed the wording now to prevent such a thing happening - like the person you referred to.

 

[goldenhorn]

Latest offer appears to be fee free (for the first year).

80,000 QFF points. Spend $4000 within 90 days.

Still get the 2 x free Qantas Club passes.

Amplify Signature | St.George

Offer ends Jan 23, 2019

Thanks Dr Ralph! Applying now.

 

[Lewdannie]

I applied for this card, supplied all the information. Just did the "status" text to see how it was progressing and my application was declined!!!
I own my own home and my wife and I we bring in over $300k PA and only have investment loans for $300k. We pay our credit cards off each month. Maybe that's the issue!!!
Somethings not right

 

[get me outta here]

Too many applications or holding too many cards not cancelled?

 

[get me outta here]

'Me too', for a month after this one closes.

Great deal. Unfortunately I am still in the exclusion period.

 

[Kangol]

I applied for this card, supplied all the information. Just did the "status" text to see how it was progressing and my application was declined!!!
I own my own home and my wife and I we bring in over $300k PA and only have investment loans for $300k. We pay our credit cards off each month. Maybe that's the issue!!!
Somethings not right

Any cc applications for the Westpac group in the last 3-6 months?

 

[cove]

My view of the retail side of banking proves that they have no idea who the good credit card users are.

 

[Dr Ralph]

My view of the retail side of banking proves that they have no idea who the good credit card users are.

What is 'good' from the banks perspective? Someone who pays on time? Or someone who lets interest charges accrue on their account?

 

[Mr_Orange]

What is 'good' from the banks perspective? Someone who pays on time? Or someone who lets interest charges accrue on their account?

I've often wondered this.

I have never paid a penny of interest on a credit card ever. I think I'm the perfect customer by paying off my balance in full every month but the reality is the card providers don't make anything out of me, except annual fees (which were something I had to get used to when I moved to Aus).

 

[cove]

I guess the best credit card customer is the one who runs up a core debt of thousands and then pays the minimum allowed payment so the bank gets 20% compounding interest for years.

 

[odysseus]

It's up to their own algorithms, and there are overriding flags that can be recorded. However, these metrics would be tallied and it would generally be someone with:
a) no repayments missed
b) greater revenue earn e.g. interest being repaid
c) cross-sell opportunities arising i.e. they often look at 'total customer value'

 

[knightfall88]

What is 'good' from the banks perspective? Someone who pays on time? Or someone who lets interest charges accrue on their account?

Right now it's none of that, it's textbook basic customers only who won't risk the credit analyst doing something that might be questionable in a review. Basically, if there's too many variables to assess, I think they just won't risk doing it because at this point they really don't know what's the right or wrong process until the Banking Commission is over. Of course I'm exaggerating a tad but that seems to be the case for getting credit these days. (if you're in anyway different from norm, they won't exercise much expert judgement in your circumstances)

Keen to hear from anyone who also feels this way from getting any credit lately? I got rejected on the spot with Macquarie (I have a 750+ credit score but I suspect it's me being a contractor + investment properties..)

 

[goldenhorn]

I was instantly declined for this card.

I then realised I screwed up the application and forgot I had an HSBC card with $16,000 credit limit that I didn't list.

I've closed the HSBC card on Monday so a few newbie card-churning questions before I attempt again:

1. How long should I wait before applying again? Days, weeks, months?
2. I am a supp. card holder for my husband's AMEX Plat Edge and Explorer cards. Do you need to list supp. cards, or are they not included because you're not technically responsible for paying the balance?
3. I also applied for the Qantas Premier a week ago and waiting to hear. Could this affect my credit score if I am applying for 2 cards at the same time?

 

[Dr Ralph]

1. How long should I wait before applying again? Days, weeks, months?

I would suggest 1 month.

But if you really think the non disclosure was the reason for the rejection, why not call them to discuss?

I would have thought, though, that if they could have seen something on your credit file such as an active card not disclosed, then they would have called you to discuss. This is what ANZ did for me recently. Turned out what they could see was completely wrong, I had accurately disclosed all current cards.

There may be other reasons why your application was declined.

2. I am a supp. card holder for my husband's AMEX Plat Edge and Explorer cards. Do you need to list supp. cards, or are they not included because you're not technically responsible for paying the balance?

Definitely no.

3. I also applied for the Qantas Premier a week ago and waiting to hear. Could this affect my credit score if I am applying for 2 cards at the same time?

Yes.

 

[33kft]

1 - I believe that most institutions will hold your account open for a bit longer after you cancel to assess any final interest or payments, and probably for their own benefit as well. You will still need to list the card for now as St George would not yet see it as cancelled. Exactly how long you will have to wait is probably in your cancellation response or T&Cs, and even then it would need to be reported to the credit reporting agencies, so tack on another month.

2 - You do not need to list supp cards.

3 - Yes, very much yes

 

[Dr Ralph]

1 - I believe that most institutions will hold your account open for a bit longer after you cancel to assess any final interest or payments, and probably for their own benefit as well. You will still need to list the card for now as St George would not yet see it as cancelled.

Your card is cancelled the moment you tell them to close it. This is why I have always advocated this be done in writing.

Do not list a card that you have cancelled as an active card on any new application.

 

[33kft]

Your card is cancelled the moment you tell them to close it. This is why I have always advocated this be done in writing.

Do not list a card that you have cancelled as an active card on any new application.

Yes, but it won't be reflected in any way to St George at that point, so going and putting the same application in again directly after cancelling is not going to solve any problem. The better advice to follow is yours earlier, to just call St George and explain it's been cancelled, rather than waiting for it to be reflected by a credit reporting agency.

 

[goldenhorn]

Your card is cancelled the moment you tell them to close it. This is why I have always advocated this be done in writing.

Do not list a card that you have cancelled as an active card on any new application.

Great. I got confirmation in writing that the card is closed.