Synergy WA (Electricity) - Amex 1.54% as of 1/1/2013

[Moopere]

Yikes. There was a nasty surprise awaiting me when I got home this evening. Aside from getting a power bill, which is always pretty nasty these days, I see a notice on the front page.

Up to 31/12/2012, Visa/MC/Amex = 0.7%
from 1/1/2013, VISA/MC = 0.53% (down 0.17%), Amex 1.54% (up 0.84%)


So we're getting squeezed now from both ends. Amex earn from whatever it was, generally 1:1$ for most products down to 0.5:1$ and now also an increase in the surcharge making the transactions completely not at all worthwhile.

I'd already given up using my MR earning Amex's for utilities and had flipped over to the Velocity Amex at 1.5:1, but even that will have to give way now.

These changes we're seeing from merchants lately is almost certainly to do with the recent RBA guidance ...

The hunt continues, with a bit more vigour I might add, for a rewarding Visa/MC that is also flexible in its rewards program.

 

[11sjw]

Message @cove for the run down on the Citibank cards.

 

[cove]

Cost percentage using Citi Select is 0.53% divided by 1.33 points per dollar for Kris miles on Singapore Air.
Turn on the air conditioner this summer and you will be working your way (cheaply) to some overseas destination!