Humm90 Platinum Mastercard: $300 Cashback on $3000 Spend within 60 Days, $99 Annual Fee

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• 

  adrianhughes1998 on 04/12/2023 - 18:15

  +4

  Not enticing enough

• 

  Chigo on 04/12/2023 - 18:17

  +15

  Just a heads up these clowns require you to login to your online banking through their website and let them scan all your transaction history on all your accounts as part of the credit check process. Would not recommend. We were going to use them for the "interest free" finance when we had ducted AC installed but the thought of giving them access to.my bank accounts was a huge turn off, plus my bank said under no circumstances should I ever login to my account through a third party website.

  • 

    dr on 04/12/2023 - 19:22

    +4

    For this alone this deserves negative vote.
    Your bank was absolutely right!!!

    • 

      callum9999 on 04/12/2023 - 19:26

      -6

      No they weren't right. They either explained it badly to the bank, or the staff member who told them that were giving out incorrect information. Open Banking is specifically designed for things like this.

      Obviously I'm not saying that you have to like the idea, so it's perfectly legitimate to refuse to use it, but I do not believe that the official position of the bank is that you should not use this.

      EDIT: I know people struggle to control their emotions on this website, but this is an irrefutable fact. https://www.ausbanking.org.au/priorities/open-banking/

      • 

        dr on 04/12/2023 - 20:24

        Neither you nor the the page you shared provided any detail how Open Banking is supposed to work from practical point of view.

        I'm OK giving read only OAuth token based access to third party financial institution, if that is the case then OK, show me the details and I'll happily revoke my negative vote. I'm not OK with security by obscurity (and it seems that ausbanking page you linked is doing just that), neither I'm OK with logging to my bank through some 3rd party website that asks me for my actual login details.

        • 

          callum9999 on 04/12/2023 - 21:03

          +1

          @dr: You didn't ask for that information. Do you think I'm a mind reader?

          You are exactly why I added in the edit. You're overly emotional to the point it's preventing you from reading the post properly before replying.

          I didn't say you should like it, I didn't say you should use it, I didn't say you shouldn't vote against it. In fact, I said the exact opposite - why on Earth am I meant to be forming a technical argument to convince you to use Open Banking? I couldn't care less whether you do or not - I was correcting your incorrect statement.

      • 

        schquid on 04/12/2023 - 23:07

        +4

        Not refuting the Open Banking details however illion, one of the main players in the bank statements business and Humm's provider last I checked, does not utilise authorisation code or PKCE OAuth flows for bank logins. Instead you provide illion your bank credentials directly, they authenticate using your details (somehow) server-side and ship the bank statements to the integrator via callback. From the glimpses I've seen under the hood I believe much of their stack is built on Selenium and scraping.
        I've tried a few implementations and they all handle your bank credentials directly, if they had implemented Open Banking as intended you should be directed to the IDP BDP (bank data provider - yo bank) to authorise the third party access to your banking data, before handing a token back to said third party so they can pillage on your behalf.
        As a parallel, this would be like a supposedly SAQ-A payment solution shipping full PAN, expiry and CVV to their WordPress host so they can process it server-side because it was too hard figuring out how to handle a redirect callback.

        The security practices in the finance sector are absolutely terrifying.

      • 

        Chigo on 05/12/2023 - 00:42

        +3

        This wasn't open banking. You literally type your online banking username and password into their website and it scrapes all the data from your online banking.

        Open banking doesn't require you to give anyone your username and password.

  • 

    ganjadeals on 04/12/2023 - 19:35

    +4

    This was what made me stay clear of these clowns. Worst part during my application was that their employees did not know the process themselves. Their call center seems to be based in Philippines and everyone I spoke to gave me a different answer. One of them made me send all of the documents via email then another said they never received the documents on the email. So I sent all again then they went quiet for a few days. Only when I called to follow up and spoke to 3 different people, I was told that I have to login to my internet banking via their website and let their system scan my transaction history. It's unsafe, waste of effort and time plus bad practice!

• 

  payless69 on 04/12/2023 - 18:24

  +5

  300 minus 99 equals 201

  unless my calculator was faulty the title should reflect $201 net possibility for blowing 3 grands.

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  Thranrond on 04/12/2023 - 18:29

  Not a great deal at all

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  Honeypotdepot on 04/12/2023 - 18:36

  +1

  Someone point me to a better deal 🤝 no international fees required please

  • 

    wildfly on 04/12/2023 - 21:39

    Check comm bank low rate card. $300 cashback, monthly fees.

• 

  Drakesy on 04/12/2023 - 19:22

  Suncorp Rewards has a better ROI

• 

  Moo Deng on 04/12/2023 - 23:35

  I was looking in to them a while ago, I think they charged for BPAY fee to pay your account and didn't accept payment from credit card?

  • 

    Neoika on 06/12/2023 - 15:17

    Like 28 degree MC.

• 

  Harrpie on 06/12/2023 - 13:00

  +1

  As others have mentioned, they don't use Open Banking, they themselves directly scrape your Bank Statements.

• 

  tobi3421 on 06/12/2023 - 16:58

  this used to be $500 back for $99. It was pretty easy to apply and I got approved within a few hours. The no international transaction fees is nice but paying the credit card was a pain because you had to direct debit otherwise there is a fee associated with it. For $300 back only I wouldn't bother