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On Thursday, the news was awash with Air New Zealand and BNZ’s major anouncement to changes with BNZ’s GlobalPlus credit card products, with BNZ opting for the card to change to a ‘cashback’ rewards scheme instead of an Airpoints/Status points earning system from 1 May 2015.

BNZ's GlobalPlus credit card and home loan products are no more - At least as we know it, from 1 May 2015.
BNZ’s GlobalPlus credit card and home loan products are no more – At least as we know it, from 1 May 2015.

BNZ have been a key Airpoints credit card supplier for 16 years, with the GlobalPlus brand and card being launched in 1998. There are a huge number of customers that have GlobalPlus credit cards, and although the earn rates have not been as competitive as some of the newer Airpoints credit cards on the market, I believe the brand has made the term ‘GlobalPlus’ synonymous with Airpoints here in New Zealand.

As these changes are quite major, I thought that I would detail the key points of the changes as well as perform a new review and analysis of the Airpoints credit cards on the NZ market, similar to the review I did in 2013 when Kiwibank launched their new Airpoints credit cards. Hopefully this will help some of those people wondering what to do with their cards, especially those that are in the changing GlobalPlus ‘boat’.

The other week, Air New Zealand announced and released their new Airpoints credit cards. I was intending to post about this a lot sooner, but my spare time has been a bit short recently.. On the plus side, I now have the opportunity to give a more in-depth analysis of the card now that the initial rumours have passed and there is more information out in the market.

The new cards are issued by Kiwibank and as a result, the ‘Go Fly’ cards previously issued by Kiwibank have been discontinued. Those that currently have a ‘Go Fly’ Kiwibank credit card will be receiving a letter in the next couple of weeks to discuss your options, but your old card will continue to work until 30 November 2013.

airnz_kiwibank_logo

Interestingly, despite the new card being a partnership between Air New Zealand and Kiwibank, there is no Kiwibank logo on the front of the card – It seems that Air New Zealand is the prominent party promoting the card to customers and the market.

To kick the launch off, Air New Zealand is running a promotion for new customers who sign up for a Air New Zealand Airpoints credit card to go into a draw to win one of 20 prizes of 5,000 Airpoints Dollars before the end of the year (31 December 2013) – You must also use the card before the end of the promotion (which shouldn’t be hard if you do go through the effort of signing up for it).