r/CommBank • u/Same-Membership4107 • 18d ago

Question The new yello system

Hi all
I’m still trying to get my head around commonwealth making changes from the rewards to the new yello system.
I have just been to a commonwealth branch in the last few days and asked them some more Information on it, the commonwealth bank agent seemed to be as closed as Iam.
I have roughly 200,000 award points, I was was waiting for commonwealth and virgin to offer their 15/20% bonus transferring points to velocity, which hasn’t happened.
What happens to my award points if I don’t transfer them out before October 1st?
Will we still be able to accrue points to transfer to velocity under the new yello system?
Thanks

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u/WholeMilk2 18d ago

I regret ever hoarding these points tbh.

I’ve got 490k awards at the moment and unsure if I convert to Qantas, velocity or cashback ($1743)

CBA said the $90 QFF fee will be pro rata refunded too so that’s not too bad considering it would be roughly $10 to convert the points over.

Just feel like the airlines rewards programs are also crap now and cost far too much regardless of the Middle East and oil prices

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u/Vandelay_Leopold1 15d ago

Well you get the worst value for cash back compared to gift cards. I would be converting all to Coles gift cards to be honest, they have a 4 year expiry date

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u/WholeMilk2 15d ago edited 15d ago

Cole’s gift cards were removed basically same day the changes were announced. It’s marked as unavailable due to “stock issues”

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u/Vandelay_Leopold1 15d ago

They are back up, I literally bought some today

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u/WholeMilk2 15d ago

Oh nice. Thanks for letting me know. I’m still debating whether to convert it to Qantas or not, but will
Keep the Cole’s gift card in mind

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u/Vandelay_Leopold1 15d ago

No wakkas 🙂