NAB is the second major Australian bank to severe ties with American Express, with their range of Qantas and Velocity rewards cards now including Visa only.

NAB are removing American Express companion cards from their Qantas and Velocity Rewards cards range effective 13 November, the second major Australian bank to do so after ANZ’s move earlier this year.

If you have a specific KrisFlyer, Asia Miles or Etihad Guest redemption in mind, it may be wise to transfer your points before 15 June; Velocity transfer rates remain unchanged. Earn rates are also changing significantly.

St.George, Bank of Melbourne and BankSA have announced some minimally reduced earn rates on their range of Amplify credit cards effective 1st July 2017.

Westpac have announced upcoming changes to the earn rates of their Altitude credit cards, with the hardest hit being the Altitude Black – but are keeping their existing arrangement of American Express companion cards alongside a MasterCard to earn the most points with a single account.

NAB have announced upcoming changes to the earn rates of their airline branded, frequent flyer point earning credit card range, but are keeping their existing system of companion American Express cards, with AusBT picking up the changes yesterday. Points earn rates will reduce on spend on these American Express companion cards however, and there are … Continued

Commonwealth Bank have announced upcoming changes to the earn rates of their CBA Award credit cards line up effective 1st July 2017, with earn rates across all cards seeing significant reductions.

ANZ have made one of the first major moves of credit card changes this year, severing ties with American Express, with their range of rewards cards now including a Visa only.