We also use a reward system with our business c/c and cashed it in last month for $700 cash.
There was an article in BRW last week, or the week before, comparing different CC reward systems.
There is one card (an AMP one I think), that if you spend $25k pa you can get nearly $800 worth of rewards from it, after all the expenses etc etc. Not a bad little reture, if you can always pay it off before the interest start accruing
the person on the phone laughed and basically said "it's not really worth fixing just three cents". My point was though that 3 cents here, 5 cents there and if they had done it to half a million customers, they just made a crap load of money.
We also use a reward system with our business c/c and cashed it in last month for $700 cash.
Switch to Diners.
Best rewards program in Australia and because its not a credit card per say, it forces you to pay the full balance on the card back monthly.
Yes, agree, but they rely on people not spending 25cents phone call (maybe mobile?) to query a 3 cent issue. Quite a lerk, really.
My cards reward system is fantastic too.
But their merchant fees are awesomely high (3-5%) meaning you can't use it anywhere near as widely as a Visa or Mastercard......
Beej
I hope so.Would be nice to see the money grubbing banks drop in value or go bankrupt when the borrowings aren`t repaid.Legalised exploitation of fellow humans.That`s what they do.
That's what I do. The thing is, I have a 55 day interest free period and often have anywhere between $1k and up to $10k balance sitting on that card (I use it to cover a lot of travel expenses etc for which I get reimbursed). So those amounts "count" in the ABS stats, even though not 1c of interest every accrues or is paid by me on that CC. I don't believe this factor is accounted for accurately in those statistics, and I suspect a large number of people use CCs the same way I do.
I'm going to sound cheap here, but I always make these kind of calls from work. Not to save money, just because it's easier to do these things during the day. I also have a work mobile so I don't pay for mobile calls.
(it's stealing)
It's not stealing if you're allowed to make personal calls.
I can understand about people abusing calls at work. But you'd be hard pressed to find anyone who has never made a personal call at work. Some things just have to be done in the day time.
It would be much more productive for an employee to make a call via business hours then to chuck a sickie just so they can make a needed call.
In decades of credit card usage I only ever got hit with interest once where I was away on on a trip and didn't pay the bill on time
It's almost certainly cheaper to pay for a few phone calls than to suffer the loss of staff morale that goes with banning them. Getting rid of all the silly rules like that is one thing that's help send productivity right up where I work. Make as many calls as you like, as long as the work gets done and the calls aren't something that could attract negative attention (eg phone sex lines). Nobody abuses it to my knowledge.as long as it doesn't get out of hand I don't really mind... well I do (it's stealing) but I grit my teeth and bear it.
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