Navan’s Post

Why is credit card cashback so low in Australia? In the US, Citi's Double Cash Card and American Express's Blue Cash Everyday Card charge no annual fee, and offer 2% and 1-3% cashback respectively. In Australia, the very best pure cashback you can get from fee-free credit cards max out at around 0.625% for cards like Amex's Essential Credit Card. An exception exists in HSBC's Everyday Global debit card, surprisingly, with a 2% cashback, but only for in-person purchases under $100, capped at $50 a month. HSBC AU knows they can profit off the spread using cheap deposits, or by upselling customers on products like CC, mortgages and personal loans, or both. The answer to the question in the header lies in how credit cards make money in the first place. The cashback has to be funded somehow, right? (continue reading in the image)

Hop on over to Legacy Bank to take advantage of our exceptional rates! Visit our website at https://legacybankca.com/ or contact us @ 951.579.3177 option 8 for more details. *Annual Percentage Yield (APY) assume all interest will remain on deposit until maturity date. Offer applicable to business and consumer customers. Twelve (12) Month Liquid Certificate of Deposit (CD) Account allows a one-time penalty free withdrawal on the account, for up to 50% of the account balance, after the first 7 (calendar) days of the account opening. A penalty may be imposed for additional withdrawals. Withdrawals may reduce account earnings. CD will automatically renew into our standard 12-month CD at maturity (Business or Consumer, depending on account type). Offer valid between 09/01/23 and 10/31/2023. All rates, fees, terms, and programs are subject to change without notice, except as required by law. All rights reserved. For more information call us at 951.579.3177 option 8 to speak to a bank representative. #legacybank #banklocal #communitybank #businessbanking #commercialbank #specialtybanking #investmentbanking #financialinstitution #BeyondBanking #businessbankers #Tribeowned #Diversity

Dive into a great rate! Visit our website at https://legacybankca.com/ or contact us @ 951.579.3177 option 8 for more details. *Annual Percentage Yield (APY) assume all interest will remain on deposit until maturity date. Offer applicable to business and consumer customers. Twelve (12) Month Liquid Certificate of Deposit (CD) Account allows a one-time penalty free withdrawal on the account, for up to 50% of the account balance, after the first 7 (calendar) days of the account opening. A penalty may be imposed for additional withdrawals. Withdrawals may reduce account earnings. CD will automatically renew into our standard 12-month CD at maturity (Business or Consumer, depending on account type). Offer valid between 08/01/23 and 09/30/2023. All rates, fees, terms, and programs are subject to change without notice, except as required by law. All rights reserved. For more information call us at 951.579.3177 option 8 to speak to a bank representative. #legacybank #banklocal #communitybank #businessbanking #commercialbank #specialtybanking #investmentbanking #financialinstitution #BeyondBanking #businessbankers #Tribeowned #Diversity

Wishing for banking you can trust? Contact Legacy Bank today to take advantage of our exceptional rates. Visit our website at https://legacybankca.com/ or contact us @ 951.579.3177 option 8 for more details. *Annual Percentage Yield (APY) assume all interest will remain on deposit until maturity date. Offer applicable to business and consumer customers. Twelve (12) Month Liquid Certificate of Deposit (CD) Account allows a one-time penalty free withdrawal on the account, for up to 50% of the account balance, after the first 7 (calendar) days of the account opening. A penalty may be imposed for additional withdrawals. Withdrawals may reduce account earnings. CD will automatically renew into our standard 12-month CD at maturity (Business or Consumer, depending on account type). Offer valid between 10/01/23 and 12/31/2023. All rates, fees, terms, and programs are subject to change without notice, except as required by law. All rights reserved. For more information call us at 951.579.3177 option 8 to speak to a bank representative. #legacybank #banklocal #communitybank #businessbanking #commercialbank #specialtybanking #investmentbanking #financialinstitution #BeyondBanking #businessbankers #Tribeowned #Diversity

📢 Breaking News 🚨: Nationwide customers are experiencing salary payment delays, adding to the list of banking glitches affecting HSBC and Virgin Money users. This comes as a major setback for many individuals relying on timely salary deposits. The impact of these issues is widespread, underscoring the importance of seamless banking services. Have you been affected by these delays? Share your experience with us and let's discuss how we can navigate through these challenges together. #BankingGlitches #Nationwide #HSBC #VirginMoney https://ift.tt/AGoEpyP

Wishing for banking you can trust? Contact Legacy Bank today to take advantage of our exceptional rates. Visit our website at https://legacybankca.com/ or contact us @ 951.579.3177 option 8 for more details. *Annual Percentage Yield (APY) assume all interest will remain on deposit until maturity date. Offer applicable to business and consumer customers. Twelve (12) Month Liquid Certificate of Deposit (CD) Account allows a one-time penalty free withdrawal on the account, for up to 50% of the account balance, after the first 7 (calendar) days of the account opening. A penalty may be imposed for additional withdrawals. Withdrawals may reduce account earnings. CD will automatically renew into our standard 12-month CD at maturity (Business or Consumer, depending on account type). Offer valid between 10/01/23 and 12/31/2023. All rates, fees, terms, and programs are subject to change without notice, except as required by law. All rights reserved. For more information call us at 951.579.3177 option 8 to speak to a bank representative. #legacybank #banklocal #communitybank #businessbanking #commercialbank #specialtybanking #investmentbanking #financialinstitution #BeyondBanking #businessbankers #Tribeowned #Diversity

Wishing for banking you can trust? Contact Legacy Bank today to take advantage of our exceptional rates. Visit our website at https://legacybankca.com/ or contact us @ 951.579.3177 option 8 for more details. *Annual Percentage Yield (APY) assume all interest will remain on deposit until maturity date. Offer applicable to business and consumer customers. Twelve (12) Month Liquid Certificate of Deposit (CD) Account allows a one-time penalty free withdrawal on the account, for up to 50% of the account balance, after the first 7 (calendar) days of the account opening. A penalty may be imposed for additional withdrawals. Withdrawals may reduce account earnings. CD will automatically renew into our standard 12-month CD at maturity (Business or Consumer, depending on account type). Offer valid between 10/01/23 and 12/31/2023. All rates, fees, terms, and programs are subject to change without notice, except as required by law. All rights reserved. For more information call us at 951.579.3177 option 8 to speak to a bank representative. #legacybank #banklocal #communitybank #businessbanking #commercialbank #specialtybanking #investmentbanking #financialinstitution #BeyondBanking #businessbankers #Tribeowned #Diversity

Hop on over to Legacy Bank to take advantage of our exceptional rates! Visit our website at https://legacybankca.com/ or contact us @ 951.579.3177 option 8 for more details. *Annual Percentage Yield (APY) assume all interest will remain on deposit until maturity date. Offer applicable to business and consumer customers. Twelve (12) Month Liquid Certificate of Deposit (CD) Account allows a one-time penalty free withdrawal on the account, for up to 50% of the account balance, after the first 7 (calendar) days of the account opening. A penalty may be imposed for additional withdrawals. Withdrawals may reduce account earnings. CD will automatically renew into our standard 12-month CD at maturity (Business or Consumer, depending on account type). Offer valid between 09/01/23 and 10/31/2023. All rates, fees, terms, and programs are subject to change without notice, except as required by law. All rights reserved. For more information call us at 951.579.3177 option 8 to speak to a bank representative. #legacybank #banklocal #communitybank #businessbanking #commercialbank #specialtybanking #investmentbanking #financialinstitution #BeyondBanking #businessbankers #Tribeowned #Diversity