Originally Posted by
Roger
I logged onto internet banking with the BNZ this morning to check my divvy came though okay, (yes), and noticed that BNZ have replaced airpoints with cash back rewards on a dollar for dollar basis so really this is a storm in a teacup and BNZ customers are no worse off. Further, they've upped the dollar reward rate through to 1 November 2015 temporarily to match Westpac's new arrangement which gives people plenty of time to make the credit card change if they want to so there's no reason for anyone to feel aggrieved.
I also agree with Harvey, this is a commercial deal by Westpac to try and poach customers and as Iceman quite correctly notes there's more to this than credit cards and many people enjoy significant rewards on their globalplus home loans which the BNZ are also now transiting into cash back rewards. I can't help making this observation though which is well off topic but nonetheless possibly worth a mention. BNZ are making a huge meal with their promotional thrust about being "good with money" which as we all know means being responsible and prudent, BUT on the other hand the bigger your mortgage the more global plus airpoints rewards you get which seems a counter intuitive rewards programme for a bank that's making a major thrust about telling people to be good with money doesn't it !!
It seems another lifetime ago but in the early days of the airpoints global plus programme when we had a big BNZ globalplus mortgage we used to enjoy trips across the Tasman for free on a reasonably regular basis, sorry I digress.
Blackpeter, you are far too kind. I am sure the AIR N.Z. marketing team are just getting into their stride with their promotion of the enhanced reward programme and will do a much better job that I could. All we have at this point is press reports that appear to be designed to be "sensational" to grab attention.
No need to apologise about your carrier observations mate. I haven't travelled nearly as much as I'd like too but I think there's a pretty widespread understanding that Singapore and Emirates are top notch airlines and while I enjoy being parochial if they were offering airfares to Europe for several hundred dollars less I'd be seriously tempted to fly on them if I was going, especially on Emirates with their all A380 service.
Air as everyone knows is investing heavily in new generation aircraft and they're getting excellent feedback on their new dreamliner's of which there should be six in the fleet by the end of 2015.
I expect them to exercise their remaining options in due course and would be surprised in they didn't end up with a fleet of 18 of these superb new super comfortable aircraft in due course. (Their range, and size seem ideal for the airline).
I see the red kangaroo is back on top with its SP...must be just about time for me to start working a short programme with QAN :)