Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

CardWatch: Rewards Program Update

www.cardwatch.co.nz

September 21, 2005

CardWatch: Rewards Program Update

Should you join your credit card rewards program?

For most New Zealand credit card users the answer is yes. CardWatch’s
latest survey of Credit Card Rewards Programs shows that the fees charged
to participate in these programs are minimal compared to the value of rewards
the average cardholder can earn. In many cases the value of rewards earned
will exceed the annual card fee too.

In the September 2005 Update

- Westpac today launched a new rewards-oriented credit card – see how it stacks up against other rewards programs

- Changes to rewards schemes have affected the “purchasing power” of credit card expenditure

CardWatch fully incorporates the value of rewards programs into their Credit Card Star Ratings every six months, but it is also valuable for credit cardholders to see what they would have to spend on different cards to earn the same rewards.

Results are included in the tables below, and the full details of CardWatch’s review can be viewed at www.cardwatch.co.nz

Scheme / Earnings rate / Spending for $100 voucher / Spending for $100 of products / Spending for $100 rebate / Spending for AKL - CHC return / Spending for AKL - SYD Return

American Express Membership Rewards / $1 = 1 point*1 / $15,000 $13,846 - Direct Ticket $18,000; Converted from $26,702 / Direct Ticket from $30,000; Converted $60,035

American Express MoneyBack / Tiered depending on spending / - / - / $10,000 / - / -

ASB True Rewards / $1 = 1 point*2 / $11,800 / - / - / Using TRIPS from $25,500; Converted from $32,710*4 / Using TRIPS from $35,800; Converted from $59,710*4

BNZ Fly Buys / $50 = 1 point*3 / - / $24,320 / - / $55,000 / $89,500

BNZ Fly Buys - Rewards Plus / $40 = 1 point*3 / - / $19,456 / - / $44,000 / $71,600

BNZ Visa Platinum $1 = 1 point / $13,000 / $14,002 / - / From $21,800 / From $39,800

GlobalPlus / $150 = 1 Airpoints dollar*3 / - / - / - / From $32,700 / From $59,700

GlobalPlus Gold / $100 = 1 Airpoints dollar*3 / - / - / - / From $21,800 / From $39,800

Qantas ANZ / $1 = 1 point up to $10,000; then $2 = 1 point / - / - / - / $16,000 / - / $22,000 / $36,000 / - / $62,000

Qantas ANZ Gold / $1 = 1 point up to $30,000; then $2 = 1 point / - / - / - / $16,000 / $36,000 / - / $42,000

The Warehouse $1 = 1 point $12,500 / - / - / - / -

Thoroughbred Card CashBack / Tiered depending on spending / - / - / $10,000 / - / -

Westpac hotpoints $1 = 1 point $12,500 / - / - / Converted from $27,260*4 / Converted from $49,760*4

Westpac hotpoints Gold / $1 = 1.25 points / $10,000 / - / - / Converted from $21,810*4 / Converted from $39,810*4

NEW Westpac hotpoints Titanium / $1 = 1.5 points / $8,333 $8,836 / - / Converted from $18,177*4 / Converted from $33,177*4

*Notes
1 Double points until the end of 2005 under Turbo, or end of 2006 on Platinum Card
2 Double points on overseas spending on Gold cards
3 Double points on American Express cards until the end of 2005
4 Vouchers can also be used for travel at Voucher rate described

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:



Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>