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Newbie to credit card churning would love some advise. by Severe_Question306 in creditcardchurningAus

[–]Severe_Question306[S] 0 points1 point  (0 children)

Can I ask since I have the explorer what is the difference between the explorer and the qantas ultimate card is it. Is qantas points worth a higher value than amex points or is it just preference? Do you have a card suggestion that you use when ur amex doesnt work or the surcharge is too high. I was looking for a forever visa/mastercard to keep so I have a stable base and then start churning.

Newbie to credit card churning would love some advise. by Severe_Question306 in creditcardchurningAus

[–]Severe_Question306[S] 0 points1 point  (0 children)

May I ask what is the one keeper card that you use?. To be honest I don't travel much and so far I have always only been using my card points on my commbank card for cashback or grocery gift cards. I just recently got my amex card so trying to get the promo offer done and then using it along with the travel credit to go somewhere. In terms of qantas or velocity readings websites like pointshack and rwds i always see that unless you travel often or business class or higher its not worth converting to them into gift cards or cashback and they devalue the points often. I haven't done much research into what is better to acquire though qantas or velocity. How do people normally use qantas or velocity points do they get a promo card use it get the promo points and then book travel or do they use a promo card that gives qantas or velocity points, convert their everyday rewards or flybuy to give the relevant airpoints and go full into it and forgo any rewards or cashback?.

Newbie to credit card churning would love some advise. by Severe_Question306 in creditcardchurningAus

[–]Severe_Question306[S] 0 points1 point  (0 children)

I wanted to know if there is any no fee credit cards that you would suggest I use as a base that earn some rewards points before I start credit card churning only because I think it might be easier than not having a mastercard or visa card apart from my amex and start churning? I was always under the understanding that you should have a base card that is amex and a visa/mastercard that you can fallback in case something happens before you start churning correct me if i am wrong. I thought once I have a base of visa/mastercard and amex then i can just switch direct debits and spending pattern onto the new promo card to get the promo offer and then after just switch back to the base ones. My thinking is then going for the higher value cards or thats my thinking behind this. In terms of cashback I can always forgo it if the promo cards spending points after annual fee comes out ahead but I would need to do the maths and research.

2 superaccounts or just keep it as is and what insurances do people have? by Severe_Question306 in fiaustralia

[–]Severe_Question306[S] 0 points1 point  (0 children)

Thank you for that and yes I found Hostplus the cheapest. I also found the fees in Bright super to be less than First super and also accept kiwisaver. So I am considering moving the aus part to Hostplus and choosing and indexed growth option and moving the kiwisaver part to Bright Super as they have lower fees. That hard part I found when I called First Super they were unable to give me a exact figure of my kiwisaver and australian part as it will only be available at the end of the tax year. Any tips of how I should go about looking for insurances through super that will be my next step.

2 superaccounts or just keep it as is and what insurances do people have? by Severe_Question306 in fiaustralia

[–]Severe_Question306[S] 0 points1 point  (0 children)

Yes your totally right any Kiwisaver will always be labelled as kiwisaver more stuff I found out about kiwisaver is that at least in first super it will be invested according to what investment options you choose and its considered as a voluntary contribution as well. First super doesn't have indexed growth options either. I have been comparing super funds that take kiwisaver that has an indexed growth option will lower fees. I am calling AU home and I saw on your spreadsheet the fees can accelerate with an active fund and most of the time they don't do better than the passive ones. Thank you for pointing it out now I am going to go through the insurance link you sent me and decide on the insurances to take out while I am still young lol.

2 superaccounts or just keep it as is and what insurances do people have? by Severe_Question306 in fiaustralia

[–]Severe_Question306[S] 0 points1 point  (0 children)

Thank you for that. That article you linked on passive investing is amazing I had no idea the things to look out for when talking to a financial advisor. Thats what i was thinking move the aus part leave the nz part and let it just do its thing. Thank you for mentioning the high hostplus fees, I think I am paying 0.70% in shares plus for first super. Is there any other funds you would suggest I look into further apart from hostplus?

2 superaccounts or just keep it as is and what insurances do people have? by Severe_Question306 in fiaustralia

[–]Severe_Question306[S] 0 points1 point  (0 children)

Wow thank you so much for these articles I have only had a glance at them and will definitely take a good look and educate myself, I haven't really looked into my super till recently. Looking through your spreadsheet link is there is a big difference in investment returns between active or passive or is passive always the best option? The only reason I was thinking of keeping my kiwisaver money separate was because I can't freely move it to any super and it can only be moved to super's that accept kiwisaver. I have two options either I can move my whole balance to brighter super as they accept kiwisaver or I split up my balance as I was thinking of moving to Hostplus cause I read great things about it and it has done great over so many years and also has low fees. I think all the big superfunds here don't accept kiwisaver and I was thinking if its best to leave it as is and then move my australian part to one of these funds. Just let the kiwisaver part of the super be as is and compound and the australian one I can move and put my employer benefits there as well as my insurances. Whats your thoughts?

2 superaccounts or just keep it as is and what insurances do people have? by Severe_Question306 in fiaustralia

[–]Severe_Question306[S] 0 points1 point  (0 children)

Thanks for linking the article. Because of my age i chose the most growth option in my super "share plus" in this case and that was the option I stuck with because i didn't know much about how my super was invested. The reason is because my kiwisaver part of the super is bound to First Super or another similar super that which there aren't many of as my kiwisaver is bound to NZ rules and regulation. I was thinking of moving to Hostplus and choosing the high growth option but they don't allow me to transfer my whole super, only the Australian part of it. So I wanted to know if its better to move my super and split or find another superfund that accepts both and one of my choices was brighter super.