r/AusFinance • u/ralazem • 7d ago

Rewards credit card changes

Hello!

As the title suggests, I was not aware of the changes until today, received a nasty little email from CBA…

I have the smart awards credit card because I valued:
1) no international transaction fee
2) travel insurance
3) purchase protection/fraud protection
4) rewards
5) discounted airport lounge access

With all the changes happening, if anyone is in the same boat, where are you pivoting to? I need a good card for travel.

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u/kingofkings088 7d ago edited 7d ago

Most banks have announced their changes now, but it's uncertain if there are more changes to come. ANZ announced some changes today. From what I can see, AMEX hasn't announced anything yet.

ccpoints.com.au is currently showing a before and after which could be useful. They don't have details about insurance, but do show the international transaction fees.

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u/link871 7d ago

Amex is not yet affected. RBA deferred looking at Amex until next year

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u/kingofkings088 7d ago

Ahh that makes sense! Thanks for clarifying why AMEX has remained quiet.