$30 Cashback on Travel Money Card ($1500 Load Required) @ Westpac, St. George, BankSA and Bank of Melbourne

Go to Deal

ricardigan on 20/11/2018 - 12:21 westpac.com.au (104 clicks)

$30 Cashback when you order a travel money card from Westpac, St. George, BankSA or Bank of Melbourne.

How to get $30 cashback

Order a new Travel Money Card
Load and convert $1500 AUD or more to a foreign currency by 21 December 2018
Choose from USD, EUR, GBP, NZD, CAD, JPY, THB, ZAR, SGD, HKD
Receive $30 AUD cashback* onto your new card

To get a Travel Money Card you need to be a customer.

Links

Westpac:
https://www.westpac.com.au/international-travel/travel-money…

STG:
https://www.stgeorge.com.au/personal/travel-services/travel-…

BankSA:
https://www.banksa.com.au/personal/travel-services/travel-mo…

Bank of Melbourne:
https://www.bankofmelbourne.com.au/personal/travel-services/…

Good to know

*AUD 30 Cashback: Offer opens 1st November 9:00 AEST and closes 11:59 AEST on 21st December 2018. Offer is open to all residents of Australia aged 16 years or older. Offer may be withdrawn or extended at any time and is not available in conjunction with any other offer. Westpac Group employees are eligible to receive this offer. To be eligible for this offer, customers need to open a new Global Currency Card Account (“Westpac Group GCC”) either via Online or Mobile Banking, load and convert $1,500 AUD or more into a foreign wallet on the GCC before 11.59 AEST on 21st December 2018. Eligible customers will receive $30 AUD cashback onto their Currency Card between 6-8 weeks after the offer end date, the account needs to remain open for 8 weeks after the offer end date so that we can credit your account. Offer limited to one $30 AUD cashback per eligible Global Currency Card Account.

Financial Cashback Global Currency Card Travel Money Card

21 Dec 2018

Related Stores

Westpac

Bank of Melbourne

BankSA (Bank of South Australia)

St.George Bank

closed Comments

wildweasel on 20/11/2018 - 13:05

I am pretty sure unlike other cashback schemes this one is a bit risky because you might win/lose based on exchange rates at the time of buying and selling essentially making it a forex trade for the period you hold your account.
- samehada on 20/11/2018 - 13:21
  
  +3
  
  you sure lose, the markup on the exchange rate is ridiculous. These product is only cheating ppl, lmao at save 3% fx fee, their markup is even more than 3%.
  Spot rate for USD now is 0.7291 and their rate is 0.6907 that is ~5.27% markup. Where is ACCC? Advertising as saving 3% fx fee is clearly misleading.
  
  With 5% markup for $1500 you lose $75 to get back $30, that is a net loss of $45 !!!
  
  @OP: you should change your deal to be net loss $45 to show the true value of this deal.
Darkscythe on 20/11/2018 - 13:18

Important you check how their exchange rates compare to something like the Citibank Plus card. I've often found you'll lose more than $30 with the poor rates the banks offer.
theHMASfriendship on 20/11/2018 - 13:27

+2

$30 cashback after getting boned by their exchange rates.

From their website, currently 1 USD = 0.6999 AUD

Vs current MasterCard exchange rate 1 USD = 0.7324 AUD.

So your $1500 gets you US$48.75 less with this card vs a Citibank debit.
samehada on 20/11/2018 - 13:38

+1

"Avoid the 3% foreign transaction fee when shopping or getting cash in a currency loaded on the card"

I will report this misleading advertising to ACCC and I hope you guys all do the same. These dodgy product should net them few million dollar fines. ACCC should have action this long time ago. I have saved the screenshot of the ad in case they dodgily remove it.
render on 20/11/2018 - 13:52

+3

$30 of $1,500 is 2%

Exchange Rate

Currency Westpac Google Rate Difference

AUDUSD 0.6999 0.7291 4%

AUDNZD 1.0238 1.0658 4%

Better off using ING / Citibank

This was posted 6 years 1 month 2 days ago, and might be an out-dated deal.