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 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’.