BNZ Advantage Visa Classic - 1000 Fly Buys or $150 cash back
The BNZ Advantage Visa Platinum has 1000 bonus Fly Buys points on offer for new cardholders. Alternatively, you could opt for $150 cash back. The card also comes with complimentary insurances and earns Fly Buys on spend, uncapped.
- 1,000 Fly Buys points, OR $150 cash back, when you spend a minimum of $2,500 on eligible purchases on your first three monthly statements
- 1 Fly Buys point earned per $15 spend on eligible purchases, OR $1 Cash Reward earned per $90 spend
- Travel, purchase protection, extended warranty and price guarantee insurances (PDS)
- No cap on earn rate
- 0% p.a. on balance transfers for the first 6 months
- Annual Fee: $20 half-yearly
- Card Members who currently hold any Credit Card product issued by BNZ are ineligible for the introductory offer.
- A minimum spend of $2,500 on eligible purchases within the first 3 months from approval is required to receive either the bonus Fly Buys points or cash back.
Read the BNZ Advantage Visa Platinum Guide →
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BNZ are offering 1,000 bonus Fly Buys points for new Card Members of the BNZ Advantage Visa Platinum.
Alternatively, new Card Members could opt for a $150 cash back.
A minimum spend of $2,500 on eligible purchases within the first 3 months from approval is required to receive either the bonus Fly Buys points or cash back.
There is also a 500 bonus Fly Buys points or $75 cash back on offer with the BNZ Advantage Visa card.
You can fly Air New Zealand for as little as 235 Fly Buys points (Auckland to Wellington)
Digging into the benefits of the BNZ Advantage Visa Platinum credit card
The BNZ Advantage Visa Platinum is a premium credit card for those looking to maximise their Fly Buys points earn or cash back from everyday spend.
Card Details
| Card | BNZ Advantage Visa Platinum |
| Loyalty Programme | Fly Buys |
| Points or cashback earned from spend | 1 Fly Buys point earned per $15 spend on eligible purchases OR $1 Cash Reward per $90 spend Until 31 March 2019, earn 50% more Fly Buys points or Cash Rewards on travel purchases at any airline; hotel, motel or resort; travel agency or tour operator |
| Points Cap | None |
| Travel benefits | Visa Platinum Concierge Platinum Travel Offers Visa Luxury Hotel Collection |
| Included insurances (see PDS) | - Travel insurance for up to 90 days, including medical emergency expense cover, accidental death and disablement cover, travel cancellation cover, baggage/money/documentation cover, transport accident cover, rental vehicle excess cover, and inconvenience insurance (if your flight is delayed) - Purchase protection insurance - Extended warranty insurance - 'PriceGuard' price guarantee insurance |
| Interest free days | Up to 55 days |
| Foreign currency fee | 2.25% of the converted amount |
| Annual fee | $45 half-yearly |
| Joint or additional card | $10 half-yearly |
Earning Fly Buys points from spend
With the BNZ Advantage Visa Platinum, there is no points cap on what you can earn, and the card will sweep over your points to your Fly Buys account on a monthly basis, as you’d expect.
Cash Rewards
BNZ offer the choice to earn ‘Cash Rewards’ instead of Fly Buys points. These are effectively a credit of monetary value to your card account, or to another BNZ account where they can be withdrawn as cash.
Should I opt for the Fly Buys bonus or the cash back?
We value Fly Buys points at 16 cents each, as that is how much they are worth when making a flight redemption via Air New Zealand and helloworld.
This gives the 1,000 bonus points a value of just over $166. Even taking into account the minimum $2,500 spend to receive the bonus, this will still come out ahead of the $150 bonus cash back:
| Bonus | Points/Cash Rewards after $2,500 minimum spend | Total value |
|---|---|---|
| 1,000 Fly Buys points | 167 Fly Buys points | 1,167 Fly Buys points (~$194.49 value) |
| $150 Cash Rewards | $27.78 Cash Rewards | $177.78 |
However, what about the ongoing earn rate?
At 1 Fly Buys point per $15 spend, you are receiving an effective 1.1% return on everyday spend.
You will also earn a 1.1% cash back if you opt for Cash Rewards.
As a cash credit to your credit card or saving account will offer spend flexibility equal to or better than using Fly Buys points, we recommend opting for Cash Rewards after you have taken the 1,000 bonus Fly Buys points.
You can change your preferred rewards at any time by contacting BNZ at 0800 275 269, or sending a secure message through internet banking.
Bonus Fly Buys and Cash Rewards offers
BNZ offer the chance to earn bonus Fly Buys points or Cash Rewards when you use your BNZ Advantage credit card throughout the year. Visit this page to see where you can get bonus rewards.
Insurances and other benefits
In the insurance bucket, you can receive:
- Up to 90 days of travel insurance cover, including:
- Cancellation, overseas medical, and additional expenses
- Travel delay
- Luggage, personal effects and travel documents
- Personal liability
- Rental vehicle collision and damage and theft excess cover
- Accidental death
- Loss of income
- Hijack and detention
- Missed connection
- Kidnap and ransom
- Accidental death and disablement (common carrier) cover
- Purchase protection insurance
- Extended warranty insurance
- ‘PriceGuard’ price guarantee insurance
For more information on the insurances above, be sure to read the PDS here. This is an important document to consider if you intend on relying on this cover to make sure they work for you.
This guide references some of the benefits of insurance policies provided with this credit card.
You should read the PDS and obtain independent professional advice before obtaining this product.
Visa Platinum Concierge and Travel Benefits
BNZ Advantage Visa Platinum Card Members will gain access to the Visa Platinum Concierge service, useful for arranging restaurant or ticket reservations. You will also have access to an assortment of other Visa Platinum benefits, offering exclusive travel and dining experiences across the globe.
BNZ Apple Pay and Android Pay support
BNZ cards support both Apple Pay & Google Pay, meaning you can use this card on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
Summing up: BNZ Advantage Visa Platinum
The BNZ Advantage Visa Platinum offers cardholders the ability to either earn Fly Buys points, or Cash Rewards. The annual fee is reasonable proportionate to the benefits offered.
If you are a die-hard Fly Buys points collector, this card will offer you the ability to boost your earn from everyday spend throughout the year, particularly at retailers that allow double dipping on points earn. However opting for Cash Rewards may offer better long-term value. Make sure you do the maths to determine what will work best for you.
The range of insurance types available on the card are among the most competitive on the market however be sure to read the fine print to make sure the coverage is right for you.
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Daniel Kinnoch
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