[oz_mark]

Originally Posted by albatross710

So this is a game of bluff between Qantas & Amex.

Qantas believe that they have the power. People will choose the Qantas Amex card (with auto-sweep) in order to get the points. Presumably Qantas gets a better cut of the transaction/merchant fees on the co-branded product.

Amex believe they have the power. Premium members prefer the choice and being in control of when and where their points are transferred.

I'm wondering if we'll see this change over on Westpac Altitude program.

I would imagine that there will be some change at Altitude. ANZ have just dropped QFF as an option (but added Velocity). Citibank halved the rate on silver cards.