Virgin Australia - Velocity Rewards
Member since 24 Dec 2012
Total posts 33
American Express is going full steam ahead with
their point devaluation in terms of airline point transfers. Where do us
consumers go from here? I've read that Platinum Charge and Centurion
members will get a one time 100% bonus on their points in April 2019
when the new rules change over. Whilst that's some sort of gesture, it
does not solve our needs moving forward.I've checked out
Bank of Melbourne's Amplify Signature card. It has a $279 annual fee
($179 first year) but earn rates of 1.5 Amplify points per $1 for all
purchases except for government payments and BPay payments where you do
not earn anything. The good thing is when transferring to your airline's
frequent flyer program, it is 1pt = 0.5 airline point. So your $1
spend will end up yielding 0.75 airline points. Not as good as 1:1 but the next best thing...As far as I can find,
there are no limits on earns per month and points do not expire. Are
there any other credit cards that can do the same OR BETTER?
Member since 03 Nov 2014
Total posts 130
The effective earn rate is sometimes better or the same. Whilst it will now be that 2 MR = 1 airline point, amex will award 2 MR points instead of one....so no difference ongoing.
Qantas - Qantas Frequent Flyer
Member since 02 Sep 2018
Total posts 375
After the changes, the earn rate on many Amex cards will change as well. Amex Explorer will earn 2 MR points converted to 1 airline points per dollar. Amex Platinum will be adjusted to earn 2.25 points on ALL purchases which gives you 1.125 airline points per dollar.
Member since 13 Feb 2015
Total posts 3
Except that Amex is doubling your existing points balance, so there's no effective loss in that regard.
Member since 06 Nov 2014
Total posts 163
The other card worth considering as a alternative to plat charge is Citiprestige.
Member since 25 May 2017
Total posts 5
I think you need to like at the detail. Yes they are doubling for SOME Platinum and all Centurion members. This will be credited to your points balance in June. So form 19 Apr your transfer rate halves and your earn rate is devalued. I agree the Bank of Melbourne is by far a better option as almost the same earn and burn rate if transferring to airlines partners. AMEX really do not understand how much this will impact Platinum and Centurion members. AMEX had an outstanding opportunity to secure and retain high spend customers against the big 4 banks. This is now eliminated.
Member since 21 Jan 2017
Total posts 44
effective mileage earn rate becomes terrible for most cards except pt charge. st george amplify signature (and siblings) gets you effectively 0.825 krisflyer miles / $, and no reduction on payint the tax office, is a great alternative.
Member since 24 Apr 2012
Total posts 1,116
"Now $1 = 1.125MR points (max) = 0.5625 airline points (max)."That's incorrect. The 'everyday' earn rate for Platinum will become 2.25 Membership Rewards points per $1 spent, equal to 1.125 frequent flyer points per $1 spent.
Member since 14 Sep 2012
Total posts 16
Every one of these programs with every card changes over time. No sooner will you move your business away from Amex to someone else and WHAM, you'll get the "we're making changes to our program" letter from them too.
Member since 24 Oct 2018
I love the points obviously, but the complimentary domestic travel insurance on the Velocity Platinum AMEX has saved me in excess of $2000 this year over three different trips. I also find that while the point earn rates are reducing the accepted merchants are increasing so overall I’m still earning more.
Member since 11 May 2018
Total posts 1
If you only had Amex platinum Charge in the past, this is not going to change the game so much, except losing higher earn rates in restaurants. They will preserve their points value by getting a 100% bonus and continue to earn higher 1.125 airlines miles going forward. However, the people who also had Amex Explorer and Amex Platinum Edge along with Platinum Charge to maximise their earnings like myself, will lose those added benefits. My plan is to drop AE and APE and only to continue with Charge, because, the Amex Platinum Charge will still be the highest flexible points earning card going to be left in the market.
Member since 04 Oct 2012
Total posts 147
For the first time ever, I'm planning to get my first non points credit card next year.
Member since 29 Jan 2016
The Qantas American Express Ultimate card has NO upsides from April. All of the earning rates have gone down, and there are no one off bonus in April. There are no fee drops. In all, it is a loss of 17%
Member since 11 Nov 2017
Total posts 13
Originally Posted by AndrewYes
Since these devaluations over the last 2 years, I'm earning less than 20k points per year from credit card, so not worth it anymore.
I've found much more value using Qantas mall and the velocity store, earning points on all my favourite retailers (7 points per dollar at Kogan, up to 10 points per dollar at the iconic, petstock, etc).
I'm looking forward to giving smaller banks such as Xinja a go next year once they get up and running and start to get credit card options.
I feel your pain and think that for all non Platinum card holders the
party is almost over unless you are a massive spender. We've had a great run and flown J for the past 12 or so
years for "free". Its time to look at other options like Avianca Life Miles.We
got lucky that they had a Black Friday special and managed to get J MEL- LAX return on
United for $3400 each. Half price. I think this is the way of the
future. Asia Miles are getting very pricey and QF and VA don't even enter our heads for J availability.
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Alternatives to AMEX after April 2019
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