cashrebatetips.com

Members of Woolworths' Everyday Rewards scheme already get frequent flyer points for shopping, and can trade fuel discounts for points if they're so i...

 

Members of Woolworths’ Everyday Rewards scheme already get frequent flyer points for shopping, and can trade fuel discounts for points if they’re so inclined. A new credit card from Woolworths offers even more points gaining options, but as with so many rewards schemes, they don’t come cheap.

The Everyday Rewards Qantas Credit Card is effectively a Mastercard from HSBC which gives you a point for every dollar you spend on the card. If you use your card at Woolworths, Big W or another Everyday Rewards store, you’ll also get the usual bonus points (so spending $130 will get you 230 points).

However, at $89 a year and with a basic interest rate of 19.99%, it’s some way from being the cheapest credit card on the market. There’s an interest free period of up to 55 days, so you could exploit the card to get points at relatively low cost, but it would require a fair bit of effort and planning. Woolworths is pushing the convenience of having one card for your wallet, but you still need to scan the Everyday Rewards bar code on the back to earn the full set of points.

Perhaps the most interesting data in the announcement is that 3 million of the 5.4 million Everyday Rewards customers have registered for the Frequent Flyer option. No wonder competition for seats on popular travel days remains so tough.

I fail to see in what context they claim (in their press release) the annual fee of $89 as “low”. I also note that every time Woolies quotes a spend example they choose a large amount in a single transaction, which minimises the impact of the Everyday Reward benefit not providing anything for the first $30. (I realise the added credit card benefit doesn’t have this restriction). But the fact remains that for small top-up shops the offer is much less attractive.

I think it is a case of following the bandwagon. As stupid or as pathetic the principle is, so long as someone can justify its following the current trend… their arse is covered.

Hi – this credit card fee is pretty low when you compare with the competition (i.e. other credit cards linked to Qantas’ frequent flyer program). The 16000 bonus points more than cover the amount you pay for the first year’s annual fee. All other Visa or MasterCard based cards currently on the market give less than 1 point per dollar (only Amex gives 1 – 1.5 points and you generally pay between $100 and $400 for these cards and they’re not as usable). So yes, it is a very good deal.

Mate, I had a WD portable usb drive fall and not work. Went to Payam Toloo and was told it would cost $2400.00 to recover all the data and would take around a week. I had a friend Felix Forbes who mentioned a person (Cory Sharplin) that was good at these things. He asked me to get an identical unit and in front of me swapped the discs and all was good. Besides the new HDD he charged me only $120.00 (5% of Payam Toloo was charging).

Powered by Sociable!We're looking for comments that are interesting, substantial or highly amusing. If your comments are excessively self-promotional, obnoxious, or even worse, boring, you will be banned from commenting. All comments are moderated.