St George Rewards Signature KrisFlyer Devaluation

[CaptainCurtis]

The Velocity High Flyer Card could be a good option going forward - 1 Velocity point per dollar spent, up to $8,000 per month. 1.55:1 conversion rate with Krisflyer, meaning 0.645 Krisflyer points per dollar spent.

 

[billmurray]

The Velocity High Flyer Card could be a good option going forward - 1 Velocity point per dollar spent, up to $8,000 per month. 1.55:1 conversion rate with Krisflyer, meaning 0.645 Krisflyer points per dollar spent.

Hmm this seems interesting.

But my God, the Virgin Money website/interface is bloody awful

 

[Duffa]

Why would you ever have stopped????????

My Equifax dropped to about 550 and i got knocked back for a couple of cards, about 5 yrs ago. Just got lazy.
Not sure what the actual score was but the definition was "HIGHLY likely to go bankrupt in the next 12 months"

 

[ramboflyer]

The Velocity High Flyer Card could be a good option going forward - 1 Velocity point per dollar spent, up to $8,000 per month. 1.55:1 conversion rate with Krisflyer, meaning 0.645 Krisflyer points per dollar spent.

I've now got that card to replace my St George card and what a good card it is despite the Virgin Money web site. Its good value and don't forget the 120,000 bonus points for signing up. Its gone up from 80,000 in May when I signed up.

 

[Mattg]

So my question remains taking into account current sign up bonus, Citi Prestige or Suncorp platinum?

Well, the Citi Prestige has a very good signup bonus (275,000 Citi points, worth 110,000 KrisFlyer miles). It has a $700 annual fee, but you also get unlimited Priority Pass lounge visits. The everyday earn rate isn't as good at 0.4 KrisFlyer/$1 (compared to Suncorp Clear Options Platinum at 0.5), but Citi's bonus points for certain spend categories are good if you're spending a lot at supermarkets, restaurants, petrol stations, airlines etc. Both have no caps on points earning.

Basically, I'd say go for Suncorp if you want a (much) lower annual fee at $129 and a better earn rate for things that aren't bonus categories on the Prestige. The sign-up bonus also isn't terrible at 120,000 Suncorp points, worth 40,000 KrisFlyer miles.

Go for the Prestige if you want Priority Pass and a better sign-up bonus.

 

[Kangol]

Well, the Citi Prestige has a very good signup bonus (275,000 Citi points, worth 110,000 KrisFlyer miles). It has a $700 annual fee, but you also get unlimited Priority Pass lounge visits. The everyday earn rate isn't as good at 0.4 KrisFlyer/$1 (compared to Suncorp Clear Options Platinum at 0.5), but Citi's bonus points for certain spend categories are good if you're spending a lot at supermarkets, restaurants, petrol stations, airlines etc. Both have no caps on points earning.

Basically, I'd say go for Suncorp if you want a (much) lower annual fee at $129 and a better earn rate for things that aren't bonus categories on the Prestige. The sign-up bonus also isn't terrible at 120,000 Suncorp points, worth 40,000 KrisFlyer miles.

Go for the Prestige if you want Priority Pass and a better sign-up bonus.

Suncorp currently has a $99 annual fee for the first year offer, until 31 July 2023.
2.5 Suncorp points = 1 KF mile, meaning 120k Suncorp points = 48k KF miles

No 12 month waiting period either .. for now

Clear Options Platinum Credit Card – With Suncorp Bank Credit Card Rewards | Suncorp Bank

Suncorp Bank's Platinum Credit Card includes a Range of Rewards and Benefits, Complimentary Insurances, Purchase Cover and Extended Warranty.

www.suncorp.com.au

1. To earn 120,000 bonus Suncorp Credit Card Rewards Points, you must apply for a Suncorp Clear Options Platinum Credit Card by 31 July 2023, then spend $3,000 or more on Eligible Transactions within 90 days from approval. An Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and traveller cheques, transactions made in operating a business, payments to other Suncorp Bank accounts, bank fees and charges such as interest and ATM charges, transactions made using Points and government related transactions. Please refer to the full definition of Eligible Transaction which is set out on page 3 of the Rewards Program terms and conditions, for further information on government related transactions in addition to how an Eligible Transaction will be determined. The bonus Suncorp Credit Card Rewards Points will be credited to your Rewards Balance within 6-8 weeks from meeting the spend hurdle providing your Account is open and in good standing. All rewards are subject to the terms and conditions of the Suncorp Credit Card Rewards Program terms and conditions. This offer is valid until 31 July 2023. Post this advertised date, we reserve the right to continue, withdraw or change the offer at any time without notice. Please note that this promotion is not available if you opt into the Suncorp Qantas Frequent Flyer program, or choose a Home Package Plus package.

 

[cove]

Ok today we moved the majority of our warehoused points out of St George. I did both Kris and Velocity and Mrscove just went Kris.

 

[kpc]

Ok today we moved the majority of our warehoused points out of St George. I did both Kris and Velocity and Mrscove just went Kris.

Yup...no need to delay anymore now that we have ticked over into July. I just TFd all my StG Amplify points into KF bar 3000 Amplify points...so I can TF the remaining 3000 Amplify points (minimum TF amount) along with any points I earn b4 July 31

 

[cove]

Had a call from each of our two favourite sons. Yes you can guess….
One wanted to use Velocity and the other wanted Kris Miles. I am pretty certain that they will miss us when we are gone.
Lucky thing is we have plenty at the moment.

 

[albyd]

Will St George give us a pro rata refund? I haven’t called yet but will get rid of it once I’ve transferred my points out, I don't plan on keeping it around & to use the AF "budget" freed up to get something else.

 

[cove]

This has been our families best credit card. All of us have one. Quite disappointing for us.

 

[Mattg]

Will St George give us a pro rata refund?

I haven't heard of them doing this, but can't hurt to ask - citing the devaluation as the reason you no longer want to keep the card. Let us know how you get on.

 

[wohoo]

Citibank related cards has some unique MS feature at the moment via citi payall.

 

[I love to travel]

Citibank related cards has some unique MS feature at the moment via citi payall.

What is MS?

 

[Kangol]

What is MS?

Manufactured spending. I'd suggest no one post about this publicly.
If you want to find out more, Ozbargain has a long thread about it.

 

[billmurray]

Manufactured spending. I'd suggest no one post about this publicly.
If you want to find out more, Ozbargain has a long thread about it.

i thought the OZB thread somewhat concluded it was considered Cash Advance

 

[levelnine]

i thought the OZB thread somewhat concluded it was considered Cash Advance

It isn't, but the point is probably moot.

NAB's plan is to shut down all Citi products in coming months (you can see their latest financial update to shareholders for details). Once that happens, I would think they'll shut down this loophole if not outright shut down all the cards and convert them to NAB products. The banks are on a crusade against points collectors at the moment, so I doubt the bean counters at NAB will allow this one to continue.

 

[Franko Costa]

Both my wife and I have Citi and using 20k a month for payall. It's awesome

 

[velli25]

How long does it take for Amplify points to post after hitting minimum spend? I've done 9k out of 12k and haven't had my first statement post.

 

[Kangol]

How long does it take for Amplify points to post after hitting minimum spend? I've done 9k out of 12k and haven't had my first statement post.

Have you logged in to the Amplify rewards website?