Looking at this credit card which I can get for a $0 sign up since I am a member of St.George.
Has anyone had a good experience with this deal in the past? They mention exclusions for places you can use the card for the 10% cashback but only mention a couple of places like Costco in the terms and conditions….
Read the details here: https://www.stgeorge.com.au/personal/credit-cards/low-rate
Spending $5,000 to get $500 cashback is a rather poor deal. I'm sure you could do better.
I don't see any mention of a minimum spend of $5000 on that page….
The number is not specifically stated, but it's 10% cashback on various purchases, up to $500 in cashback. Hence, to achieve the full $500 in cashback you'd need to spend $5000 at least.
I'm fine with that, the card is free for a year so I'm effectively getting 10% off every shop I do.
Best I can do on GCs for Colesworth is 5% on the reg, the family has gotta eat. Also keep in mind Coles group don't take gift cards online.
Where would you want to look for more than 10% at Colesworth?
You can get credit cards where you'll get more than $500 worth of bonus and don't have to spend anywhere near $5k to get it. You can also spend the money anywhere, including buying discounted giftcards from anywhere that sells them.
Yes but those deals require like $3k minimum spend in 3 months, this you can just use at any time throughout the year for 10% off your purchases. I've churned through all the other good credit card deals. The card is free if you are already a member.
OP, the answer you seek is the MCC.
Costco is specifically excluded as, according to the wiki it is a wholesale club, not a supermarket.
If you were to look at the MCC restrictions of the supermarket gift cards Shopback used to do, and the MCC restrictions on the fuel and auto card that Cashrewards does - that will be your answer
If I can use the card in store at all the Coles and Woolies then that would be fine as a deal for me.
Me too, thanks for posting!
p.s. it would work for gift cards too
I don't understand why more people aren't jumping on this deal…. Maybe I am missing something… But as you said I can only get like 4-5% off my shop at Coles and Woolies so this seems like a no brainer to me.
@tabboy: I've signed up too with the $0 annual fee, will be good to use for discounted gift card offers at Coles/Wool especially, but also everyday shopping at ALDI, fruit and veg etc.
Thanks for the post.
@OZBMate8911 It says gift cards are excluded in the conditions
"Spend Exclusions: Gift card or eGift card purchases at participating supermarkets are not counted as part of eligible spend. Eligible spend also excludes fees, cash, cash-equivalent transactions, third party payments such as AfterPay, BPAY, PayPal or PayPal equivalent."
Gift card or eGift card purchases
This is referring to online gift card portals. In store would be fine.
looks good, do they accept pensioners
The list of conditions for approval states this…
"Have a regular, verifiable Australian taxable income for at least 3 months (18 months for self employed)"
Great deal but just be aware if you've held a St George or related bank credit card in the past 24 months you won't get this 10% rebate bonus.
Check the T&Cs carefully.
This topic made my head spin…