CBA Platinum 150,000 points pa

[kt]

Hi,
Received a letter today from CBA Plat, they are introducing a 150,000 pa points cap. starting 1/1/06. Not good. Are there are visa/mastercards out there taht have unlimited points pa or at least higher than 150,000???
Thanks
KT

[Sheriff]

Hi KT,

Yes, Woolworths Ezy Mastercard.

Sheriff

[one9]

i got this letter today too.

the letter started well .... "The annual fee on your Platinum card will decrease .."

but then it got worse and said that they are they are introducing a 150,000 pa points cap per calander year.

So, in January or February when I have earned the 150,000 points for 2006, what do I do?

My thinking is that the bank will also cap the points on their woolworths card soon too, especially as it is such a low card.

Any other cards (visa, mastercard) that offer unlimited points??

Now I don't know whether to keep the Platinum card. $200 for only $150,000 ponts doesnt give much value.

[kt]

thanks Sheriff and one9. I tried to look at ezy but their website appears to be down. I'll check tomorrow. But i think one9 is right in that it too will soon be capped.
KT

[one9]

ok, i found one card:
Australian National Credit Union Gold Mastercard.

it has no points limit. but it seems a little backward. like it can not be linked to a bank account. for rewards you download the rewards guide, and then post or fax the reward order form in ....

any one with a better card?

[Sheriff]

Hey one9,

Just because the CBA has capped the points on your platinum card doesn’t necessarily mean they will do the same to the Woolworths Ezy MasterCard any time soon.

Yes, you’re probably right, the CBA will eventually cap points on their Woolworths Ezy MasterCard, but until then, enjoy it while it lasts rather than worrying about it now.

I think eventually the majority of banks (if not all) will cap points on their credit cards, it’s the most economical and logical thing to do because it’s costing the banks to much money.

[one9]

Sheriff,

you are probably right. if woolworth card still has unlimited points in Jan/Feb next year, then I will get it. I like having a card linked to by commonwealth bank internet banking.

but a gold or platinum card is always nicer because of extras like travel insurance and purchase insurance.

[Mal]

I think they are feeling heat from the Amex CC plat.

The points cap brings it closer to what the Amex CC offers. The $200 at about 1/2 the price of the Amex plat would probably equal what people would pay if they didn't get the free flight.

Clever marketing. Pity it doesn't benefit those who spend a lot on their card.

[Sheriff]

one9,

Woolworths EzyMasterCard has travel accident insurance, too .The cardholder is automatically insured against loss in the amount of $125,000 when travel tickets are purchased with a Woolworths EzyMasterCard, subject to the terms and conditions of the travel accident insurance policy. The certificate of insurance, full details of coverage, schedule of benefits and exclusions are defined in the card’s conditions of use booklet.

Regards,
Sheriff

[ronone69]

The Citibank Visa allows you to earn unlimted points.

Their website however is hopeless as you cannot schedule future payments and their customer services ain't crash hot either. (Citibank is a bank - what else would you expect ?)

No doubt the best is Amex. Their Platinum Credit and Gold Credit Cards give you 1.5 points for every $1 spent. There are some limits. For the first $150,000 spent in a year, you earn 1.5 points for every $1 spent - after that it is 1 point for every $1. Same applies with their business platimum charge card except the limit is $250,000. Their charge cards give you 1 point fpr every $1 spent. No total point limits on any of these.

Does anyone know about Westpac's Altitude Program (Visa and Mastercard I think) ? I thought this had unlimted points too ???