I tried looking on the Reserve Bank of Australia for the new regulations but couldn’t find anything. Since NAB decided to change my QFF linked Amex to 0.75 point/$1 I’ve decided to get the no annual fee 1 point/$1 directly with Amex (low income so can’t apply for anything better) but I’ll still keep my Visa card with NAB purely for the places that don’t take Amex (grr Costco).
Anyway do you know what regulations NAB is talking about? Are other banks affected? Will American Express issued cards also be affected?