One NZ Partnership with Dosh

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#3456723 28-Jan-2026 16:30

pureinception:

mattwnz:

I am wondering how they will bill the annual fee. Whether you can signup to the $3 plan, and then cancel it after the annual fee has been paid. Or whether they will charge the fee every month so you have to keep the $3 plan active.. But maybe it will incentivize me to invest more into sharesies with the plan in place.

Unsure how the charge the fee but it's probably the latter to ensure active plans. Do update us if you sign up.

I have already been using the Sharesies card for the last few months as a preview user. Not currently getting charged an annual fee until February sometime but they haven't yet advised when that will occur.

Dochart

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#3456725 28-Jan-2026 16:46

CamH:

pureinception:

If you’re a dosh card user, you’ll automatically be switched over to our new rewards programme. From 1st February 2026 you’ll start earning Phone Dollars instead of Doshback Rewards and your last Doshback payment will be paid to you by 3rd February 2026.

So Dosh got rid of the 1% cash back that was about the only thing that made them worth using (given all their other products are relatively similar or worse than mainstream banks), and instead moved to giving people 1% in credit for a product most people don't want and would never use?

Very strange strategy, that's for sure.

Definitely a strange strategy. I would expect less customers to use it now as they got rid of the old cashback and no one really wants One NZ dollars. The only good deals they had using the card were the 25-50% cashback when ordering takeaways but if that changes to One NZ dollars instead of real money this is a hard pass for me.

CamH

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#3456734 28-Jan-2026 17:17

Dochart:

Definitely a strange strategy. I would expect less customers to use it now as they got rid of the old cashback and no one really wants One NZ dollars. The only good deals they had using the card were the 25-50% cashback when ordering takeaways but if that changes to One NZ dollars instead of real money this is a hard pass for me.

Yeah I took the few dollars I still had in Dosh out this afternoon.

I just can't imagine who they spoke to who determined this would work. For someone like me, I see One Wallet as a similar promotion to a Doordash coupon for 25% off my first order. I imagine a lot of people will be the same. I guess we'll see as time goes on how this works.

Gurezaemon

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#3456742 28-Jan-2026 18:27

Really disappointed in their short-sighted decision to force people to use a certain rewards scheme.

At least with Hotpoints, Airpoints, etc., there are a range of things, including gift cards that are available, but the amount of people I know how actually buy their phones from a provider with an over-priced monthly plan is approaching zero.

I really liked how they were trying to give the NZ banking system a wake-up.

Just another example of the ensh*ttification of another previously good option.

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mattwnz

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#3456743 28-Jan-2026 18:28

This debit card maybe an option to some with a signup bonus if you qualify. https://www.anz.co.nz/personal/accounts/everyday-banking/ Not sure of any others apart from Sharesises that offer some form of usable payback at 1% or better.

pureinception

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#3456745 28-Jan-2026 18:36

CamH:

Yeah I took the few dollars I still had in Dosh out this afternoon.

I just can't imagine who they spoke to who determined this would work. For someone like me, I see One Wallet as a similar promotion to a Doordash coupon for 25% off my first order. I imagine a lot of people will be the same. I guess we'll see as time goes on how this works.

Likewise, just waiting till the 3rd of February to close the account after final payment.
I have only heard of negatives for One Dollars like expiring before you have enough accumulated to redeem. I did like the instant transfer and split payment functionality on Dosh though.

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mattwnz

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#3456747 28-Jan-2026 18:40

pureinception:

CamH:

Yeah I took the few dollars I still had in Dosh out this afternoon.

I just can't imagine who they spoke to who determined this would work. For someone like me, I see One Wallet as a similar promotion to a Doordash coupon for 25% off my first order. I imagine a lot of people will be the same. I guess we'll see as time goes on how this works.

Likewise, just waiting till the 3rd of February to close the account after final payment.
I have only heard of negatives for One Dollars like expiring before you have enough accumulated to redeem. I did like the instant transfer and split payment functionality on Dosh though.

Yes looking in my One NZ app I actually had $970 in my one app wallet as boosts given to me in September 2025. These have now expired, so not very long to use them. Now I have $100 from Dosh. So I would have had over $1000 to put to a new phone on a plan if it hadn't expired. That is slightly more tempting if I wanted or needed a new iphone. Looks like the dosh one expires in 2030.

huckster

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#3456772 28-Jan-2026 20:33

Got the email even though I closed the account 2+ weeks ago.

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#3457267 30-Jan-2026 14:09

The press release:

One NZ and fintech innovator dosh have launched a first-of-its-kind partnership that links everyday spending and home loans to One NZ Phone Dollar rewards, giving customers a new pathway to upgrade their phones.

Phone Dollars are designed to turn loyalty into something tangible -helping customers put everyday rewards toward their next interest-free phone on a One NZ plan.

The partnership includes the new One NZ dosh Visa Debit Card and an exclusive dosh Home Loan offer, both designed to bring meaningful rewards to everyday Kiwis, not just premium credit card holders.

James McEniery, Co-Founder of dosh, says the partnership is a major moment for the fintech.

“Other providers have been stepping back from loyalty in New Zealand. We’re going in the opposite direction — doubling down on rewarding Kiwis, especially on everyday spend with the new One NZ dosh Visa Debit Card.

“Having One NZ — with over 2 million customers — back a local challenger like dosh is huge. Together, we’re opening up new ways to earn Phone Dollars and get into a new device faster.”

The partnership also gives dosh customers access to One NZ’s powerful Phone Dollar ecosystem, with earnt rewards visible directly inside the dosh app.

Joe Goddard, Chief Experience & Commercial Officer at One NZ, says the partnership is a bold move to rethink loyalty in New Zealand.

“We’ve got an ambitious goal, we want our customers to be able to upgrade their phone without paying for it - simply by earning Phone Dollars through their everyday spend. Partnering with dosh brings us one giant step closer to making that real.”

Goddard says the company wanted to back a Kiwi-owned startup that aligns with its values.

“dosh is doing great things to make money simpler for Kiwis. We’re proud to partner with a local fintech and show what happens when two Kiwi companies come together to challenge the status quo.”

Earn rewards where Kiwis actually spend — on debit, not credit

The new One NZ dosh Visa Debit Card lets customers earn $1 Phone Dollar for every $100 spent on everyday spend, uncapped — and without the interest rates associated with credit cards.

Because it is a Visa Debit Card, customers get:

full control over their spend
no credit risk
the confidence and global acceptance of Visa

Meanwhile, customers who take out a dosh Home Loan can earn $1,700 Phone Dollars upfront. This is in addition to any offers from a bank, such as up front cashback Standard lending criteria apply. *

A new loyalty ecosystem for New Zealand

This partnership marks the first major expansion of One Wallet, One NZ’s rewards platform, with more partners expected to come on board.

Key customer benefits include:

Earnings on everyday debit card spend with the new One NZ dosh Visa Debit Card
Phone Dollars for new dosh home loans*
Bonus rewards for new and existing dosh customers ($50 Phone Dollars–$100 Phone Dollars)
A simpler path to interest free phone upgrades — one of the biggest household tech expenses
Stronger competition and innovation in NZ’s financial sector

Availability

Customers can learn more at one.nz/dosh

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alasta

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#3472138 21-Mar-2026 11:36

I have just started playing around with Dosh as I can get more value out of the One Wallet rewards than the recently diminished loyalty scheme that I currently have with my BNZ credit card. I am also interested in the Dosh savings account as a slicker alternative to the archaic Rabobank product that I currently use.

My main concern is with security, which doesn't seem to be well covered on their web site. As far as I can tell, gaining access to an account requires an SMS based token and the user's PIN. So, if your PIN gets leaked then someone could get into your accounts by performing a phone number porting hijack?

The other thing to consider is whether they would reimburse you in the same way that a bank would if there is unauthorised withdrawal of funds that you could not have reasonably foreseen.

DimasikTurbo

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#3473937 26-Mar-2026 11:00

I’ve never really seen the benefit of One Wallet and it feels more like a way to push people toward their expensive monthly plans. Vodafone has over 2 million customers in New Zealand. It’s hard to know how many are on postpaid plans, but even if around 100k people find value in One Wallet, that’s still a solid number.

As for Dosh, I doubt they’ve reached anything close to that many users. So this partnership gives them instant exposure to those ~100k customers (just speculating) who already see value in One Wallet and might be interested in using a Dosh Card to earn points faster.

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alasta

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#3473983 26-Mar-2026 12:25

The tech people on here are critical of One Wallet because they prefer to buy experimental devices from overseas rather than buy a normal iPhone or Samsung from a telco store. That's perfectly understandable, but most consumers probably just do what I do; walk into a telco store every three years and say "give me the latest equivalent of what I have now". So for me One Wallet credit is genuinely useful as long as the credits have at least a three year validity.

Getting back to Dosh, I had a look at their terms & conditions, and it appears they are indemnified against any unauthorised access to users funds regardless of circumstances. It's probably low risk, but I wouldn't be putting my life savings in there.

mattwnz

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#3474013 26-Mar-2026 14:03

alasta:

The tech people on here are critical of One Wallet because they prefer to buy experimental devices from overseas rather than buy a normal iPhone or Samsung from a telco store. That's perfectly understandable, but most consumers probably just do what I do; walk into a telco store every three years and say "give me the latest equivalent of what I have now". So for me One Wallet credit is genuinely useful as long as the credits have at least a three year validity.

Getting back to Dosh, I had a look at their terms & conditions, and it appears they are indemnified against any unauthorised access to users funds regardless of circumstances. It's probably low risk, but I wouldn't be putting my life savings in there.

IMO it isn’t due to that because I buy iPhones. It is because you also need to buy into a phone plan. If it is was solely a discount on a outright phone purchase without also joining a plan I would agree

richms

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#3474015 26-Mar-2026 14:12

You only get it on one of the terribly overpriced one plans, better value almost anywhere else (mighty, kogan) with the same network so you just pay more to be able to get a small saving on a device.

Richard rich.ms

alasta

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#3474065 26-Mar-2026 14:34

mattwnz:

alasta:

The tech people on here are critical of One Wallet because they prefer to buy experimental devices from overseas rather than buy a normal iPhone or Samsung from a telco store. That's perfectly understandable, but most consumers probably just do what I do; walk into a telco store every three years and say "give me the latest equivalent of what I have now". So for me One Wallet credit is genuinely useful as long as the credits have at least a three year validity.

Getting back to Dosh, I had a look at their terms & conditions, and it appears they are indemnified against any unauthorised access to users funds regardless of circumstances. It's probably low risk, but I wouldn't be putting my life savings in there.

IMO it isn’t due to that because I buy iPhones. It is because you also need to buy into a phone plan. If it is was solely a discount on a outright phone purchase without also joining a plan I would agree

I looked into this in some detail when I bought my current phone about 18 months ago. My recollection is that you can usually get a handset discount without actually needing any One Wallet credit, but in that case you are tied into a fixed term. If you instead use One Wallet credit then the balance of the phone's value over a period of time, or if you terminate early, then you pay the balance in a lump sum upon termination but you still retain the benefit of the One Wallet discount.

Note that you can't use One Wallet in conjunction with any other discount.

I think perhaps the biggest problem with One Wallet is that the benefits are not really obvious due to the general complexity of phone plans and discounts.

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