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All of the logical parts should be well understood by most cardholders but in fact, really curious to know how many NAB Visa/MC cardholder did sign up for this "Black Card" and how many will cancel it once the double points cease later on.
Have to admit Amex did work hard in signing up new merchants but how many time when consumer present the Amex to the Merchants (excluding all the big retailers) for payment they will be penalised for higher surcharge fees vs the Visa/MC.
Bringing up our Big and Wonderful - Telstra has already imposed a higher surcharge fee if payment were made by Amex/Diners.
Also heard lots of ANZ/Diners card holder is cancelling their card and only minimal Westpac customer holding the Amex/Westpac Alltitude card.
In fact - MBNA in the States is strongly promoting the joint Amex Card or even issuing card to the customer without their authorization, hopfully when Capital One; MBNA or the Barclaycard, are interested in Austraila will no longer having this joint card system anymore otherwise ending up we might even have the US Discovery card here soon as it's another close payment system which our RBA can't do anything to help!
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