Hey all,
Just got an email about the 28 Degrees Mastercard introducing a new monthly card fee of $8 per month, which is quite steep as I only use it for travel and YouTube Argentina.
Any other recommendations for alternatives?
28 Degrees - New $8 Monthly Fee. Alternatives?
ifcw on 07/08/2024 - 12:41
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I used Ubank Visa Debit for international purchases and overseas trips. I thought their rate is pretty good.
28 degrees seems slightly cheaper around $2-3 per $1000. And yes I will cancel it if they do the monthly sub. Too bad. They have been great.
Bankwest zero platinum credit card - no annual fee, no foreign exchange fee
Also no travel insurance
There doesn't seem to be any mention of keeping Merchandise and Price protection.
I sure as hell hope it doesn't convert to complimentary insurance.
If they don’t mention it then it hasn’t changed.
The stupid thing about this is I spend way over $1000 a month every single month so I'd get the gift cards but it's just too much of a PITA to remember to use gift cards. If only they applied it as a statement credit…
Read the conditions, my read is the $1k has to be spent with specific partners. ie: you can spend 10k a month, and not get the bonus.
So sad, just got the email and have had this card for many years.
It was good for travel, I would load the card up for $5k in credit and use it overseas to draw Cash out of an ATM. Getting a great rate paying hardly anything in fees.Any recommended cards you can load money on and pay no or hardly any fees?
Macquarie debit card
Is it a good idea to use Wise as a replacement after cancelling 28 degrees? For online overseas purchases etc.
WISE for me is not a replacement as you need to load your own money. I used the 28 Degrees card especially for travel as it was a credit card and particularly useful for hotel holding fees which can take a few days after checkout to be refunded.
Bankwest Zero Platinum or Bendigo Ready, which one to go for? 🤔
Bendigo, I won't deal with BW anymore after they made up their own T&Cs for a promotion to suit themselves
Bankwest cancelling the free travel insurance as of 3rd September 2024.
I’ve had this card for years. It’s the only credit card I have in my name only. I’m now retired so applying for a new card I’m treated like a leper. Not happy.
This seems so unfair, they advertised the card as no annual fee, they should not be able to introduce one.
and one months notice… just unacceptable
my parents are in exactly the same situation, so trying to find a fee free card for them that be ok for retirement.
CRAP this is a major issue for all my bodgy overseas subscriptions that wouldn't work on any other card.
There are a few alternatives but only 28 degrees worked on anything.
Oh God…. Same, I don't even know what to do…
Why???? WWWWHHHHHYYYYY?
Yeah i was thinking the same thing. I have a YouTube subscription from my Mumbai holiday house. I wonder if my Bankwest card will work for that account, otherwise I am screwed….
Shoppers and merchandise protection will keep this going for the ones who are onto it. Merchandise protection has saved me many heartaches of broken screens, and my broken $45 bbt cup which they just accepted without a quote. Could probably change my main spending card to 28d instead of Coles to make up the spend
So is this if you buy something on 28d card, if you break it when new, it gets replaced? I've had 28 degrees card since it was a wizard one, and never used the purchase protection :(
Ifnyou are still grandfathered you should go google the current price of everything you've bought on it over the last year.
Personally I claim around 1k each year on paying full RRP then claim on sale.
Yes. I bought the duet 5 chrome book, and a week later I dropped it trying to show my husband something and the screen shattered on the edge. After getting a quote from Lenovo for $800 (I paid $697 for it) they just credited me $697. Did that for a Samsung tab as well. Get the most expensive quote, then go to a cheaper place to fix 😂 they just need 1 quote doesn't matter where from.
If it's an item that can't be quoted, like I bought a bbt cup and dropped it and the lid broke, I called them and said, look it's unusable but I have no idea where I'm going to get a quote from. They just asked for a photo and then sent me the $45.
Do you have the shoppers protection though?
No offense but you sound clumsy.
interestingly, I just received a call from 28 degrees offering me their personal loan service.
do the needful
how personal they can be? outcall okay?
ups sorry was thinking of something else
End of an era, I've had this card as long as I've been on ozbargain - a travel staple. What a shame.
perfect timing soon need to refinance house to less cc is better.
thank you (not) 28 degree may you are rest in peace soon
wtf are you thinking to charge ppl with such a low feature carddamn have couple transx still pending..
come on coles take the money i want to close this bloody ccEnd of an era for me too. I’ve had this card since 2008 or even earlier. No way I am paying $8 per month fee. I recall when I joined they were bragging about “no fees ever” on this card. Anyone recall them promising something like this ?
I never understood why credit cards are allowed to make interest of 27.99%pa yet individuals can only make up to 5.5%pa if they jump through hoops and even that gets taxed at the highest tax bracket you're in.
Feel free to start a bank offering 5.5% pa credit cards
What's the reason for your poor attitude?
I don't think you can compare the saving rate of 5.5% with credit card 28% - the fair comparison is what they get with home loan which according to Google averaging 6.27%
They offer unsecured lending as there is no collateral. The high interest rate is to compensate the potential loss.
It's not exactly unsecured when they can place you into bankruptcy if you don't pay.
Not to mention the debt collectors which will be a constant hassle.
Because apparently BNPL is evil and CC companies are very responsible.
Weird hey. I got absolutely roasted above.
Closing 28d defo. How annoying- got declined at Bendigo after 15 minutes filling out…. Gotta remove the credit info ban Illion, etc. Urgh…
does this apply to people not received the email?
Everyone will. Dont doubt it just cancel and think later just like ozb rule
Anyone still hasn’t received the email? I can see all emails from latitude but there is no email on this matter.
Read above you
Yeah I haven't got one yet.
Same here
From experience, they are most likely staggering the communications across their audience to control the incoming calls to their call centre. In addition to the emails, there will be some customers who aren't contactable by email so they are likely sending them a letter, which is a ~1.5 week turnaround (poofing, printing & post). So you'll likely get it in the coming days but I reckon call in if you have the time.
This means that their legal team has approved a minimum 4 week notice period, which is SHOCKING for such a drastic change, especially after that data breach.
EDIT: I just looked at their stock prices, no wonder they're desperate. Buttcoin is outperforming this company (2021-present).
Massive decline from an awesome card with free international cash advances to an annual fee without good benefits, sad to see it go.
Macquarie bank. Your only choice. Need to load your money
I cancelled my 28 degrees when they stopped allowing you to top up the balance and withdraw that overseas with no charge
Yeah, that was a killer feature. Load up the card and withdraw from an ATM O/S to avoid the cash advanced fee. I'm still able to pre-load onto the BW card.
There is a bit of a hack to load up money onto 28D card, in a nutshell, say the balance owing is $2000. You can in the app pay it off via the linked bank account, $2000 and then make another request for $2000 moments after. You will then see two line items in your account, $2000 each. After the 3 days both lots will be processed, the first to pay off the card, and the next will load up the card.
But Macquarie is debit its best to havw one debit one cc for travelling
https://www.ing.com.au/credit-cards/orange-one.html
If you apply for an Orange One Low Rate Credit Card and are approved for a credit limit of $6,000 or more, you will receive an Orange One Low Rate Platinum card with access to complimentary international travel insurance. Fees and charges are the same for both Orange One Low Rate Classic and Low Rate Platinum.
If you do the ING dance, you get a 0% International txn fee too. To me, only downside compared to Bendigo is the $10 fee for an additional card.
Do we think it's $8 per account, or $8 per card? I got a second card on the account for tapping on public transport overseas (2 people, need two cards). Was going to cancel the second card as soon as we get back anyway, but honestly- this is ruined.
I have to stick around till September for the $50 Great Escape promo, https://www.ozbargain.com.au/node/849189
After that's I'm going. It's a card that is dormant for 10 months of the year. Will use BW for oversea's transactions and have my Citi for international travel insurance + points.
TBH, I've been wanting to get rid of the this card for some time as even for 2 months in the year it's only a backup. This change made that decision easier.
Been a client for, maybe 18 years.
Me too. I think they hate us, old customers
Thanks for bringing this up. I haven't received the email yet, for whatever reason. Someone should put up a page with all of the good cards compared: no annual fees, no cross-border fee (most cards are 3%), no exchange fees. Most of the legit games stores only charge Australians in AUD, but for keyshops and AliExpress and probably other sites, it is cheaper to pay in USD if you have a card without the extra fees.
Credit cards make money off the fees they charge merchants, which seems to be around 2% of the transaction (does someone have the exact details?).
Any thoughts on "Ubank Spend Account". Just need a card with good exchange rate and no fees for overseas credit card purchases. ie: ChatGPT Plus \ Midjourney ect..
Canceling for sure. How about Revolut as an alternative?
I have a wealth package with a CBA home loan and I am qualified for an annual fee waiver for the Ultimate Award card. Is this better than Bendigo or Bank West if not paying the annual fee?
I think it depends on whether you use it for travel or you just use it all the time.
And also whether the gift cards include Woolworths or a supermarket. If so then it's probably not that bad cause you're going to spend that money anyway
we have a 28d laying around purely for overseas expenditure purpose which hasn't been used for years as we can't afford any overseas travels anymore, haven't received any email regarding this though, but for the time being I assume it affects everyone who is a 28d customer?
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Hey mate, there are quite a few Kabal in the leaks, can you please send me your full name, drivers license, and credit card number (inc cvc) so I can match it up and cancel for you.
Thank you.