I recently called in at my phone shop to recharge my account. Whilst I was there the sales guy offered me a basic, entry level phone – it was an Alcatel or Nokia – for $5. Figuring it would be a handy spare to put in the drawer I said sure. He then put my account details in to the system to pay. He turned around and said “You don’t qualify for this, you don’t spend enough. I’m going to have to charge you $10 for it”.
I suggested to him that he might want to check terms and conditions like that before he goes ahead and makes an offer, which got what looked like an approving shrug. The point of mentioning it here for you is to illustrate that anything which seems beneficial for you that a business offers is done solely to make sure you give them more.
There is no business bigger than banks, and so their bonus offers tend to look quite big and beneficial. This is particularly true with credit card rewards. In the light of the cheap phone I didn’t really want being offered to me and taken away, it’s worth having a look to see if any of the reward programmes offered on credit cards in Australia stand out and make it worth either getting or switching your account for. Read the rest of this entry »