Differences

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--- credit_card_guide [2020/01/19 18:03]
E5TOQUE
+++ credit_card_guide [2024/02/12 09:36] (current)
supernova [HSBC Platinum]
@@ Line 1: / Line 1: @@
 ====== Australian Credit Cards - Which cards should you get to have an all-rounded portfolio that suits all your needs? ======
-This guide is maintained by illumination and was inspired by [[https://www.ozbargain.com.au/node/193567#comment-2739556|this comment]]. Updated sporadically when I have time. I am happy for others to edit and add their own additions, but would like for any additions/amendments to be noted.
+This guide was initially created by illumination, and was inspired by [[https://www.ozbargain.com.au/node/193567#comment-2739556|this comment]]. Please notate any additions/amendments in the "edit summary" section when you update this page!
 ===== Introduction =====
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      * You owe $10,000, and if you do not have $10,000 currently saved, you will be accruing interest on this amount owed at the interest rate of card after the due date of your next statement
   * You can now apply for a credit card with a promotional offer on Balance Transfers (such as, 0% on Balance Transfers for the next 16 months)
-  * If approved, for the next 16 months you will still owe $10,000 and you will NOT accrue any interest charges
+  * If approved, for the next 16 months you will still owe $10,000 and you will NOT accrue any interest charges.
+  * In practice, there are minimum monthly payment and admin fee that you need to consider. For my case, it was $168/month minimum payment and 1.5% upfront fee. It is NOT free money for the 16-30 months, and the admin fee is higher than Saving Interest you can accrue from the balance. As such, unless you're having a substantial Credit Card balance, it is NOT A DEAL.
 === Cheque to Self (an even better type of Balance Transfer) ===
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 These American Express cards over the last few years (2014-2016) have always had a bonus points offer on sign up. The amount may vary on a roughly quarterly basis, but is usually a variation of the points awarded, annual fee waiver, and/or a balance transfer promotion.
-All the following cards will give you access to many of the [[https://network.americanexpress.com/connect/au/en/default.html|AMEX statement credit deals]] posted here - often times you could make savings worth hundreds of dollars annually with these offers. Some of these offers are exclusive to American Express **direct** issued cards, which means those listed on [[https://www.americanexpress.com/au/content/all-cards/|this page]]. This is as opposed to American Express cards issued by the banks - which at present are only issued by three of the four major banks of Australia: NAB, Westpac, Commonwealth Bank.
+All the following cards will give you access to many of the [[https://network.americanexpress.com/connect/au/en/default.html|AMEX statement credit deals]] posted here - often times you could make savings worth hundreds of dollars annually with these offers. Some of these offers are exclusive to American Express **direct** issued cards, which means those listed on [[https://www.americanexpress.com/au/content/all-cards/|this page]]. This is as opposed to American Express cards issued by the banks - which at present are only issued by two of the four major banks of Australia: NAB, Westpac.
 **N.B.** As of 2017-11-13 NAB no longer issues new AMEX cards and existing cards will expire on 2018-02-21 as per [[https://www.nab.com.au/personal/banking/credit-cards/manage-your-credit-card/nab-american-express-cards|this link]].
+** Commbank stopped ** issuing AMEX cards and existing cards have been expired.
 The common features of these cards are as follows:
@@ Line 277: / Line 279: @@
   * Rate of Return (on a versatile Gift Card): ~0.74%?
 ===== Mastercard/Visa =====
-==== (EDITED) Citibank Signature Visa Card (reduced $199 annual fee in the first year (normally $395 per year))====
+==== (EDITED) Citibank Premier Visa Card (reduced $199 annual fee in the first year (normally $395 per year))====
 [[http://www.citibank.com.au/aus/credit_cards/cards_signature.htm|Official Page]] | <del>[[https://www.ozbargain.com.au/node/190295|Free for Life Promo]]</del> **this offer is now expired**
   * 75,000 points on your first spend within 90 days from card approval
@@ Line 286: / Line 288: @@
 ====HSBC Platinum====
 [[https://www.hsbc.com.au/1/2/personal/credit-cards/platinum|Official Page]]
-  * $129 annual fee, refunded if you spend over $6,000 in the year
+  * $149 annual fee, first year waived.
   * Complimentary 12 months Extended Warranty on most purchases of "personal goods"
   * Complimentary Travel Insurance
@@ Line 292: / Line 294: @@
 ====Coles Mastercard====
 [[http://www.colescreditcards.com.au/compare-our-cards|Official Page]]
-  * $99, $49 or $0 Annual Fee
+  * $99, $58 or $0 Annual Fee
-  * 2 points/$1, 1 point/$2 or 1 point/$2
+  * 2 points/$1#, 1 point/$2 or 1 point/$2 (#for the first $3,000 spent each month, 1 point / $1 thereafter)
   * 6 months Merchandise Protection (costs 1% of closing balance, avoidable if you pay the balance owed prior to statement being generated
+  * No International transaction fee on purchases: Yes, No, No
   * Rate of Return: 1% or 0.25%
   * Free Delivery with Coles Online when order over $100, not available to remote areas.
@@ Line 310: / Line 313: @@
 ^Bank ^Card ^Points ^Points Program ^Annual Fee ^Min Spend ^Min Income ^Min Credit Limit ^$/100pts ^MC/Visa Earn ^AMEX Earn ^Travel Insurance ^Other Main Bonus^OZ Bargain Link^
-|AMEX| Qantas Ulitmate   |55,000 |Qantas  |$450 |$1,500|$65,000|$3,000 |0.818|-|1.5 | |- |
+|AMEX| Qantas Ultimate   |55,000 |Qantas  |$450 |$1,500|$65,000|$3,000 |0.818|-|1.5 | |- |
-|AMEX|Velocity Plantinum |100,000|Velocity|$375 |$1,500|$65,000|$3,000 |0.375|-|1.5 |✔|Domestic Return Flight, 2x Virgin Domestic Lounge Passes|[[https://www.ozbargain.com.au/node/307458|LINK]]|
+|AMEX|Velocity Platinum |100,000|Velocity|$375 |$1,500|$65,000|$3,000 |0.375|-|1.5 |✔|Domestic Return Flight, 2x Virgin Domestic Lounge Passes|[[https://www.ozbargain.com.au/node/307458|LINK]]|
 |ANZ |Rewards Platinum	 |50,000 |Qantas  | $0  |$2,500|$35,000|$6,000 |0.000|0.75|-| |
 |ANZ |Rewards Black      |75,000 |Qantas  |$0 	|$2,500|$75,000|$15,000|0.000|1|-   |✔|2x Qantas Club Lounge Passes|[[https://www.ozbargain.com.au/node/306408|LINK]]|
@@ Line 319: / Line 322: @@
 |Macquarie|Black Qantas  |40,000 |Qantas  |$100 |$3,000|$70,000|$15,000|0.250|1|-   |
 |Qantas|Premier          |60,000 |Qantas  |$150 |$3,000|$35,000|$6,000 |0.250|1|-   |✔|2x Qantas Club Lounge Passes|[[https://www.ozbargain.com.au/node/311056|LINK]]|
+|Qantas|Premier Platinum|100,000 |Qantas  |$199 |$4,000|$35,000|$4,000 |0.199|1 (Qantas)|-   |✔|2x Qantas Club Lounge Passes, 75 status credits|[[https://www.ozbargain.com.au/node/569784|LINK]]|
 |St George|Amplify Signature|60,000|Qantas|$279 |$3,000|$75,000|$15,000|0.465|0.75  |-|
 |Westpac|Altitude Black  |80,000 |Qantas  |$195 |$5,000|$75,000|$15,000|0.244|0.625 |1.5|

Last edited by E5TOQUE on 2020/01/19 18:03

[[credit_card_guide]]

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