-
worked for CBA for 37 years prior to retirement in 2007;
-
owns two
Credit Cards and a
Debit Card;
-
pays no
Annual Cardholder Fee on either of his
Credit Cards;
-
earns
Reward Points under a
Rewards Programme on one of his two
Credit Cards;
-
uses the other
Credit Card when offshore because it doesn't charge an F/X fee
and exchanges Purchases in foreign currencies back to AUD at close to the
mid-rate;
-
uses his
Debit Card when offshore because it doesn't charge an F/X
conversion fee when withdrawing a foreign currency in cash eg. in USD or in
Euros; and
-
has not paid any
Interest or Penalty Fees for at least 20 years because he has
provided written authorisation to his two
Credit Card Issuers to debit his CBA Streamline account for his
monthly
Closing Balance
on the
Payment Due Date.
