St George/Westpac $50 Cashback for Loading Travel Money Card

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Cave Fire on 30/03/2019 - 20:53 stgeorge.com.au (209 clicks)
Last edited 22/04/2019 - 13:43 by 1 other user

$50 cashback for either ordering a new travel money card and loading or loading your existing card. Please check applicable rates and fees + T's and C's. I am also not sure if you can load and withdraw and still count to the cashback requirement.

Win $10k dream holiday + get $50 on us:

Order a new travel money card, load and convert $2,500 AUD into any available foreign currency to go into the draw to win a $10,000 Flight Centre gift card, plus receive $50 AUD cashback. OR

Already have a travel money card?: Simply load and convert $1,000AUD into an available foreign currency on your card and you'll go into the draw to win a $10,000 Flight Centre gift card

T's and C's Link

Related Stores

St.George Bank

• 

  Finner on 30/03/2019 - 21:07

  Does anyone know how this compares to ING or other travel cards? Looking for a good, easy, option for a few weeks in Canada to avoid any nasty surprises (especially ATM fees). I know ING requires you to have made 5 transactions with the card in the month prior to using it.

  • 

    triviums on 30/03/2019 - 21:57

    +2

    In most cases all travel cards should be avoided as they use their own currency exchange rate.

    St George Global currency card exchange rate:
    $100 USD = $143.74 AUD

    Mastercard exchange rate:
    $100 USD = $141.38 AUD

    Savings using mastercard debit/CC = $2.36 AUD

    • 

      victorheaven on 30/03/2019 - 22:00

      Thanks, looks like a card to avoid, will stick with ING (or CitiBank)

    • 

      Tnetennba on 30/03/2019 - 22:11

      +2

      Assuming you used USD, and you have to load $2500 on, you're still $9 worse off using this St George card ($2.36 * 25 = $59)

      No deal here, as per most travel cards this is garbage.

      • 

        evgpek on 30/03/2019 - 22:31

        +3

        Your calculation is wrong, 2500aud not 2500usd is requirement
        So you’ll pay 41 Australian dollar 😅 and make 9$ potentially after cashback

        But yeah does not worth it!

    • 

      Finner on 31/03/2019 - 00:03

      Thanks for the heads up, sounds like ING is the one to stick with.

• 

  victorheaven on 30/03/2019 - 21:51

  +1

  How’s their conversion rate compared to VISA or MasterCard?

  With a minimum conversion of 2500AUD (to get $50), a 2% worse conversion rate would already eliminate the $50 they are giving.

  • 

    evgpek on 30/03/2019 - 21:59

    +2

    I agree you will lose 50$ on horrible exchange rate. Stay away!

• 

  BangkokBreakfast on 30/03/2019 - 22:05

  +3

  They also charge you per withdrawal and transaction internationally. Not including what the foreign ATM might charge you.

  Stick with ING for travel.

  • 

    amsaini15 on 30/03/2019 - 22:08

    +2

    I agree. Ing and others are giving good deal with using card overseas. This offer will result in loss.

• 

  Cave Fire on 30/03/2019 - 22:37

  no one likes dream holidays…?

  • 

    victorheaven on 30/03/2019 - 22:46

    +1

    I do, just don't like my chances. :)

    Appreciate your effort in posting.

• 

  ndro777 on 30/03/2019 - 22:40

  +4

  I never have issue using ING and always surprised at how good the rate was! Travel cards are for noobs 😝

• 

  jacktator on 30/03/2019 - 22:55

  +11

  Generally speaking, Travel Cards are bad deals with its bloated FX rates and fees. Talk is cheap, I'll show you the number.

  Benchmark

  $1000 AUD = USD$708.65, Mid-Market Rate, As of 30 Mar 2019 (by Google)
  Proof here.

  Good Cards

  Cards that uses VISA/Master Rate and charges ZERO FX fees, $1000 AUD gives you
  VISA: gives you USD$710.73 using VISA Calculator.
  Master: gives you USD$710.40 using MasterCard Calculator.
  Those Cards includes: ING Debit & Credit Cards, UBank Debit Cards, Up Debit Cards and more.

  Bad Cards

  E.g. Most, if not all, Travel Cards are bad! I'll show you St George, you can try the others yourself.
  $1,000 AUD gives you USD$695.70 using their own FX Calculator.
  Proof here.
  You've lost USD$15 / AUD$21 instantly! when you load your card!

  Conclusion.

  $50 sure sounds sweet, but considering losing $21 x 2 when you convert from and to AUD, and considering the domestic fees, Inactivity fees, time wasted trying to cashing it back out, it's not worth it.

  Stay away from Travel Cards!

• 

  Ryk on 30/03/2019 - 23:23

  +3

  A better deal is to just use (in alphabetical order) Citibank, ING, Macquarie Bank, UBank, Up debit visa/mastercards, and/or Bankwest zero platinum credit card.

  • 

    jacktator on 31/03/2019 - 00:24

    +3

    Also HSBC, 28 Degress Mebank and some others

• 

  Tiklpikl on 31/03/2019 - 09:02

  +1

  What a WEALTH of info! I'm a st george customer, after reading comments NO travel card. I need advice please, travelling Eurpoe for one month, need lots of euros. Best? Also Georgia 2 weeks currency Lari.

  • 

    toasty on 31/03/2019 - 10:01

    +1

    Sign up to TransferWise via an OzB referral and set up a borderless account with a debit card.

    Enjoy your trip and let me know how you find Georgia cos it’s on my list of interesting places to visit.

    Also, if you want to compare exchange rates the Monito site is great: https://www.monito.com/en/

• 

  Tiklpikl on 31/03/2019 - 09:05

  Further to my comment above Tried to apply Bankwest platinum credit card, need to verify income send them 2 tax statements. Ooops haven't done tax for a few years.

• 

  Tiklpikl on 05/04/2019 - 14:30

  Unfortunately Transferwise has communicated to me they can't send out cards to Aus. I asked to send to me at an address overseas but it has to match my account setup address. I've just opened a citibank plus account and ended up applying for the st george global card just in case.

  • 

    ComfortablyNumb on 05/04/2019 - 18:50

    +1

    I've been researching this all week, depending on your bank, you're almost better withdrawing from your normal eftpos card than these (if you can't get Citibank quick enough). 3% Foreign Transaction (@ Visa rate) and ATM Fee ($2 or so). For the difference (AUD to HKD):
    Visa: 5.5683 (Citibank rate)
    Visa with 3%: 5.4061
    Vs
    St George:5.4592

    $750 withdrawal, St George vs My bank debit card = $7 extra + atm fee.
    For the mucking around, transfer, money not in my offset etc, its nearly acceptable to just cop the fee (BUT to prevent that, make sure you have a no fee card at least 3 weeks in advance of your trip!).

    I had mine, but mine expired (6 months no activity and no balance), but Citibank didn't notify me! Only found out last week, leave for HKG on Monday. Applied for new account and approved

    I have a ST George Travel card, but its's not worth loading it, if I make two withdrawals while over there and stick to cash payments.

• 

  justdigi on 22/04/2019 - 16:06

  I attempted to sign up for this at both the St George branch and Westpac branch in Queen Street Mall in Brisbane, as there is no way to sign up online unless you’re a customer and have internet banking already. Neither had heard of the promo, but quickly found it on their intranet page when prompted. I have to neg this however, as both banks said I had to be a customer to sign up, despite that not being a condition on either website. Both tried to pressure me into opening a transaction account, with monthly fees associated. It’s a shame, because I actually fit the use case for this card as it has free withdrawals in Ukraine at a preferential rate.

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  Tardvark on 23/04/2019 - 10:44

  +1

  Win $10k dream holiday + get $50 on us

  Seems kind of implied that we're all guaranteed to win? Doesn't say chance to win, it says win!