The Commonwealth Bank has become the latest in a line of banks to remove points earning on ATO payments. The change, which takes effect from 2 November, 2015, affects all cards apart from its Business Awards accounts.
In an update to the Awards Terms and Conditions, Commonwealth Bank now list excluded transactions as follows:
The following transactions are excluded from earning
points: BPAY transactions, payments to the Australian
Taxation Office (effective 2/11/2015) unless made using a
Business Awards card, balance transfers, cash advances
(including a transaction treated by the Bank as a cash
advance, for example, utility bills paid in person at a bank),
purchases of foreign exchange, credit card insurance
premiums, travellers cheques, interest charges, Qantas
Frequent Flyer Direct fees, Bank fees, Card account
payments, transactions deemed by the Bank to be for
business purposes (excluding transactions on Business
Awards, Business Gold Awards and Business Platinum
Awards cards) and any other transactions which may from
time to time be excluded by the Bank.
The updated terms and conditions may be found here.
In doing this, the Commonwealth Bank joins other banks, such as NAB, which have previously removed the ATO payments as eligible spend.
Other banks have taken different approaches, such as either cutting back the earn rate, or placing significant caps on the cards earning abilities.