Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


sonyxperiageek

2761 posts

Uber Geek

Trusted

#237776 17-Jun-2018 23:50
Send private message

Hi guys, what do you think is the best value credit card at the moment? There's quite a few to choose from, all with differing bonuses, values and fees!





Sony

 

--

 

NZ TechBlog Follow me on Twitter | My Geekzone blog | Sharesies Referral | Electric Kiwi Referral | UberEats Referral Code: eats-17atx


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3 | 4 | 5
nappa32
13 posts

Geek


  #2039325 17-Jun-2018 23:57
Send private message

I like the warehouse money - red card. It's got a 5% off at warehouse for anything. It's also got no fees.


jonathan18
4822 posts

Uber Geek

Trusted
Subscriber

  #2039332 18-Jun-2018 05:42
Send private message

You’d really need to give a better sense as to what you’re after.

The post above is a good recommendation if you’re after a free card with some sometimes useful perks (I have one and solely use it at the Warehouse for that discount!). But, at the other end, I pay a decent amount per annum for a BNZ Platinum VISA cash back card that’s used as a daily driver, as that gives us - from our perspective - the most useful return of money we can spend on what we want...

 
 
 
 


Linux
6927 posts

Uber Geek

Trusted
Lifetime subscriber

  #2039333 18-Jun-2018 05:56
Send private message

What do you consider value? Getting airpoints or credit back or the cheapest interest rates / fees?

 

Banks are now doing zero fees / lower interest rates but you get zero perks

 

John


rayonline
1677 posts

Uber Geek


  #2039481 18-Jun-2018 10:25
Send private message

I find the airpoints plat cards are best due to the airpoints accrual and the free travel insurance.  BNZ plat card (cashback) used to be pretty good it was the same cash back ratio vs the airnz airpoints plat card but they recently reduced the ratio.  Or else it's the Amex freebie card, no annual fee but you get airpoints not as good as plat though and the Kiwibank Zero MC which has no annual fee, no perks either.


jonathan18
4822 posts

Uber Geek

Trusted
Subscriber

  #2039494 18-Jun-2018 10:37
Send private message

rayonline: BNZ plat card (cashback) used to be pretty good it was the same cash back ratio vs the airnz airpoints plat card but they recently reduced the ratio.


Yep, but at the same time they also reduced the annual fee by a decent margin, so not everyone will be worse off by this as a result. We are definitely not making as much net return on the card now, but will still stick with it as the difference is not huge.

Also, a cashback system allows me to deduct the annual fees off the return, meaning I don’t have to fork over a cent of real money, whereas the Airpoints card we had previously still required me to pay the annual fees in cash (not take off the equivalent value in Airpoints), which I found frustrating. We also aren’t in a space where we can fly much, so Airpoints will never have the same flexibility and usefulness of cash!

To the OP - there are a few sites that may help as well, eg Canstar and Consumer, both of which offer some comparisons of NZ credit cards.

taneb1
437 posts

Ultimate Geek

Trusted
Trustpower

  #2039517 18-Jun-2018 11:04
Send private message

Because of how much I travel for work (and personal) - The Airpoints platinum has been pretty good for me.

 

  • 1 Airpoint per $75 spent
  • 1 Status Point per $250 spent. 
  • No Koru joining fee and $145 discount each year. 
  • 2 x Single Entry Koru Vouchers per $20,000 spent each year
  • $200 Airpoints Advance
  • Free Overseas Travel Insurance if you pre-pay half of your travel expenses with the card. 
  • 0% commission on foreign cash purchases
  • Apple Pay (but that is just ANZ in general)
  • And depending on your Workplace, if they are listed under ANZ@Work - no $150 card fee for the first year 

As others have said though, it is best to shop around to find what is best for you and your needs. 





Any comments made are my personal views and does not represent those of my employer


freitasm
BDFL - Memuneh
68869 posts

Uber Geek

Administrator
Trusted
Geekzone
Lifetime subscriber

  #2039520 18-Jun-2018 11:08
Send private message

I fibd interesting how "Platinum" Visa cards are so easy to come by now - even the Air NZ prepaid card is "Platinum" - that means this level don't give anything extra really. I wonder how many concierge requests they can work for all those card holders.

 

Card value? The one that can be used to  pay (but can't be named in public) for some online streaming service that doesn't accept New Zealand cards is of great value to me ;)





 

 

These links are referral codes

 

Geekzone broadband switch | Eletcricity comparison and switch | Hatch investment (NZ$ 10 bonus if NZ$100 deposited within 30 days) | Sharesies | Mighty Ape | Backblaze | Coinbase | TheMarket | My technology disclosure


 
 
 
 


tukapa1
490 posts

Ultimate Geek

Subscriber

  #2039525 18-Jun-2018 11:14
Send private message

We changed from an airpoints card to a onecard visa, purely because our circumstances changed to mean we weren't able to get away as much as we used to.

 

We get between $45 and $75 worth of grocery vouchers every 3 months which we have no trouble using.


freitasm
BDFL - Memuneh
68869 posts

Uber Geek

Administrator
Trusted
Geekzone
Lifetime subscriber

  #2039526 18-Jun-2018 11:15
Send private message

tukapa1: We get between $45 and $75 worth of grocery vouchers every 3 months which we have no trouble using.

 

 

I have a cashback Visa and get around $60 a month - this goes directly to daughter's savings account.





 

 

These links are referral codes

 

Geekzone broadband switch | Eletcricity comparison and switch | Hatch investment (NZ$ 10 bonus if NZ$100 deposited within 30 days) | Sharesies | Mighty Ape | Backblaze | Coinbase | TheMarket | My technology disclosure


tukapa1
490 posts

Ultimate Geek

Subscriber

  #2039568 18-Jun-2018 11:53
Send private message

freitasm:

 

I have a cashback Visa and get around $60 a month - this goes directly to daughter's savings account.

 

 

Who is your Visa with?


zhuyan
176 posts

Master Geek


  #2039580 18-Jun-2018 12:19
Send private message

I know Amex is not as widely accepted in NZ as other major credit cards yet I find their Platinum Edge Credit Card quite handy for me:

 

3 reward points for every $1 spent at major supermarkets in NZ
2 reward points for every $1 spent at major petrol stations in NZ
1 reward point for every $1 spent other than above

 

reward points never expire; no reward program annual fee

 

free supplementary card, which accumulate reward points same as the main card

 

One return plain ticket every year on any domestic route

 

Complimentary domestic and international travel insurance when travel paid with Amex

 

Now the annual card fee is $149

 

I've also got a ANZ Cashback Visa, which only gives me 1% back for spends between $10000 and $30000, or $300 maximum cash back if I spend $30,000 a year on the card... and annual card fee is $60...


Linux
6927 posts

Uber Geek

Trusted
Lifetime subscriber

  #2039582 18-Jun-2018 12:24
Send private message

Kiwibank now has MasterCard zero

 

No account fee (ever) and low(ish) interest rate

 

https://www.kiwibank.co.nz/personal-banking/credit-cards/low-interest-cards/mastercard-zero/

 

John


sonyxperiageek

2761 posts

Uber Geek

Trusted

  #2039588 18-Jun-2018 12:30
Send private message

I thought it would be a good time to get a credit card before spending some money on flights and accommodation in my other thread as it will mean I can get at least some reward back.

I was looking at the AMEX Airpoints Platinum card but I couldn't figure out if they have an interest free period on purchases. If they dont, could one just buy it for a year, pay the credit card off immediately after using it to not accrue lots of interest, to then be able to get the free $200 Airpoints as well as the other benefits such as travel insurance and lounge passes? Also, there's no minimum amount of time you have to be on the card before you can cancel, right? And there's no minimum spending amount per year, right?




Sony

 

--

 

NZ TechBlog Follow me on Twitter | My Geekzone blog | Sharesies Referral | Electric Kiwi Referral | UberEats Referral Code: eats-17atx


rayonline
1677 posts

Uber Geek


  #2039597 18-Jun-2018 12:37
Send private message

sonyxperiageek: I thought it would be a good time to get a credit card before spending some money on flights and accommodation in my other thread as it will mean I can get at least some reward back.

I was looking at the AMEX Airpoints Platinum card but I couldn't figure out if they have an interest free period on purchases. If they dont, could one just buy it for a year, pay the credit card off immediately after using it to not accrue lots of interest, to then be able to get the free $200 Airpoints as well as the other benefits such as travel insurance and lounge passes? Also, there's no minimum amount of time you have to be on the card before you can cancel, right? And there's no minimum spending amount per year, right?

 

 

 

Had a quick look.  Yes, the Amex Plat card provides 1APD per $59.  Other plat cards are generally $75.  

 

There should be a interest free period.  Prob up to 4 or 6 weeks.  Ie if your monthly cycle begins on the 15th of the month and you put a purchase thru on the 14th you're not gonna get that much.  

 

No min spending - should be yup. 

 

You may still be paying the $195 annual fee though.  The first year may not be waived and this is also with other banks now it looks like unless it is stated.  

 

 

 

Edit.  Have you had an Amex card before?  I think there is a 2yr stand down period or else you won't get the $200APD.  


KrazyKid
917 posts

Ultimate Geek

Subscriber

  #2039735 18-Jun-2018 13:41
Send private message

I like the cash back cards as well. I have the ANZ one $30k = $300, $60 fees, but looking at the BNZ platinum I think I might switch when the cash refund calculation next year finishes for me in August. $250 signup cashback bonus for spending a few thousand in 3 months is a great deal!

 

However another option you might like is the GEM Money card. 6 months interest free on all purchases over $250 is not a bad deal if you are buying something large (eg airfares) and pay in full on time.
$5000 extra sitting on your home loan is saving you 5% interest for 6 months. Most other cards are at most 60 days interest free. That is an extra $60 saved in interest charges. That sort of savings could work for some people.

 

However as I say I too like the cashback option :)


 1 | 2 | 3 | 4 | 5
View this topic in a long page with up to 500 replies per page Create new topic





News »

Huawei launches IdeaHub Pro in New Zealand
Posted 27-Oct-2020 16:41


Southland-based IT specialist providing virtual services worldwide
Posted 27-Oct-2020 15:55


NASA discovers water on sunlit surface of Moon
Posted 27-Oct-2020 08:30


Huawei introduces new features to Petal Search, Maps and Docs
Posted 26-Oct-2020 18:05


Nokia selected by NASA to build first ever cellular network on the Moon
Posted 21-Oct-2020 08:34


Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18


Synology unveils DS16211+
Posted 17-Oct-2020 20:12


Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06


Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47


OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52


Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34


Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29


AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13


Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57


Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.