cb1:dontpanic42: Oh wow. I guess I should have delved into the fees before thinking this was a good deal.
So, as soon as you activate the card you pay $1.95 a month if you don't have $500 on the card? Possibly $3.90 if you incur a monthly account inactivity fee as well?
Hmmm... maybe not for me either.
Come on AirNZ, you should have made this clearer in the original email.
I just received my card today and like you were surprised by these fees. I just called Onesmart - they say if you have a 0 balance in all accounts, you get charged one $1.95 inactivity fee, which is deducted from the balance when you do top up the NZ funds account. So won't get repeated fees accumulating.
Not sure who told you this but it's incorrect based upon everything else Air NZ have been saying over the last few weeks.
Air NZ have an image they posted on twitter a few days ago (that doesn't appear to be on their website) explaining all the fees http://twitpic.com/7qkb1s
I actually see nothing at all wrong with their fees. As a travel card it's the best value for money you'll find anywhere, and this is clearly the target market for the product.
The only thing I feel Air NZ missed out on entirely was offering no credit card fees when paying for tickets with one, this would have been a huge bonus.