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Originally Posted by dajop
Interesting (small) trap with this card in the fine print...
So any QF purchases automatically start incurring the 5.99%, quite an inconvenience for those used to the 55 day. But the bonus is an extra bonus point/dollar spent (for $1000 get 1000 pts, but that will cost $5 if it isn't to be paid for a month.
Also notes that Earth+ has a feature "Save on foreign currency transaction charges", but I can't find where this is quantified. Cannot easily find a PDS that should show this.
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The Qantas interest charge isn't an issue - unless you phone up and request the Qantas discount rate... Similar to Commbank's offer of discount % charge on certain puchases (Great Rate, I think it's called). So if you don't request the 5.99% after you've made a purchase, then you pay back the money on the normal terms.
See
http://earth.com.au/features/qantasservices.aspx for more info.
As for the foreign currency savings, agree it isn't fully quantified elsewhere. I did find a snippet that suggests the benefit is the following:
" * No Westpac foreign exchange fees for overseas purchases
* No Westpac cash advance fees on overseas ATMs
"