NEWS BITES

Money Magazine Australia - - THIS MONTH -

NAB has over­hauled its re­ward credit cards, which com­par­i­son site Mozo es­ti­mates will see points earn rates plum­met by up to 47% on cer­tain cards. NAB will also no longer be of­fer­ing new Amer­i­can Ex­press cards from Novem­ber 13 and NAB Amer­i­can Ex­press cards will be phased out com­pletely by Fe­bru­ary 21, 2018. In­vest­ing in in­fras­truc­ture has just got eas­ier with ETF Se­cu­ri­ties’ new global in­fras­truc­ture ex­change traded fund, Global Core In­fras­truc­ture ETF (ASX: CORE). For an an­nual fee of 0.45%, the ETF in­vests in around 75 listed in­fras­truc­ture com­pa­nies in de­vel­oped coun­tries and cov­ers in­dus­tries such as trans­porta­tion, power gen­er­a­tion, en­gi­neer­ing and con­struc­tion, oil and gas dis­tri­bu­tion, telecom­mu­ni­ca­tions and wa­ter util­i­ties. The ETF tracks an in­dex from So­lac­tive. Myer has re­launched its credit card, which is now is­sued by Mac­quarie Bank. The an­nual fee of $69 is waived in the first year. The in­ter­est rate is pretty high at 20.69%pa. You can earn “shop­ping cred­its” and they are un­capped. The card fea­tures An­droid Pay and Ap­ple Pay.

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