What methods of buying prepaid cards can be used to maximise points earn from Visa/MasterCard?

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Hi all,

With Bankwest dropping the earn rate on my world MasterCard I’m looking for an alternative way of boosting my points earn where AMEX is either not accepted or a surcharge is incurred.

Does anyone know if it is possible to buy a prepaid Visa or MasterCard at a supermarket and then use that where AMEX can’t be??

Given you could earn up to 3x point per dollar I assume Prepaid Visa and MasterCards are excluded from earning points but I would like confirmation…

Ideally I would like to keep the card as I only pay $99 pa for the life of the card.

What are others planning to do when 20 June rolls around and Bankwest drop their points per dollar rates?

thanks in advance!!

Nic

 

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Hi

How about the $1000 pre paid cards at coles financial website. these are only different from the supermarket ones as they can be upped to $1000. specifically for gifts  i am worried that it is online coles and not the supermarket i wont get the 3 points per doller. wdyt?

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Hi Keith,

Can anyone confirm that you can reload a prepaid master/visa using your AMEX at Coles our Woolies? I enquired about this several years ago and was told that it would be considered a cash advance not a purchase and therefore would not be eligible for points…

Cheers

J

 

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Does anyone know if it is possible to buy a prepaid Visa or MasterCard at a supermarket and then use that where AMEX can’t be??

Yes, absolutely. You need to look out for reload fees though – every prepaid cash card I know of that can be bought at a supermarket has one, and this can make the points earn redundant.

Given you could earn up to 3x point per dollar I assume Prepaid Visa and MasterCards are excluded from earning points but I would like confirmation…

You will earn 3 MR on a Platinum Edge for any transaction at Coles/Woolworths, Amex do not differentiate based on what specifically you are purchasing

The main way this can make sense is if there is a promotion running on gift cards. Right now, Coles has a targeted offer for their prepaid MasterCards which offers 1,000 flybuys for each $100 card until May 18. The card load fee is $5. But 1,000 flybuys is worth $5 off a Coles shop, so this works out well.

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