I've just made an Amex platinum edge card. Any recommendations towards a visa/MasterCard for points?
Visa/MasterCard Recommendation
bargin424 on 04/10/2016 - 20:38
Last edited 04/10/2016 - 20:39
Last edited 04/10/2016 - 20:39
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I'm looking for a card with 0 annual fee, as most of my purchases will be made with the Amex card.
I may not reach the 6,000 or 12,000 Mark.
Then I would recommend the Coles No Annual Fee Mastercard.
What is the return rate of that?
As I wrote above, 0.25%. But the price protection insurance you can get effectively for free if you pay your balance off is the main benefit.
@bargin424: If you're not spending more than $6,000 than there isn't much out there to recoup the annual fee to provide a positive return. There's not many Visa/Mastercards with rewards and zero annual fee.
As I said, check out the price protection insurance on it. If you use it you could end up making back a lot more than just the 0.25% from the points.
I've just made an Amex platinum edge card
You just made one? Did you use real platinum?
No,never had an Amex before
Whoooosh
Coles Rewards Mastercard ($89 annual fee) if you spend more than $12,000/year on it - gives 1% back in points effectively.
Otherwise, Coles No Annual Fee Mastercard - gives 0.25% back in points effectively.
There's a HSBC Platinum Visa Card that costs $149 but is refunded if you spend $6,000/year. The rate of return is around 0.5% on that.
Coles card is best because of the price protection insurance (buy something and if it reduces in price within 2 years you can claim the difference). The rewards MasterCard version also has no international transaction fees.