I just saw the letter from BNZ. From 07/11/22, the following changes will be made to BNZ CC.
Advantage Platinum Visa - $125 spent earns $1 Cashback. Currently $90 spent for $1 cashback.
$25 Spent earns 1 Flybuys Point. Currently $15 spent for 1 Flybuys Point
Advantage Visa Classic - $250 spent earns $1 Cashback. Currently $150 spent for $1 cashback.
$50 Spent earns 1 Flybuys Point. Currently $40 spent for 1 Flybuys Point
BNZ is doing the same nasty things as ASB. ASB has already cancelled their changes to the rewards changes after heaps of complaints. I don't think BNZ will cancel it but I will still make the complaint. It is time to go I guess. I gonna lose more than $100 after the changes.
I have looked around and found that currently the best Cashback CC on the market is the SBS Visa. No Annual fees. Every $150 spent earns $1 cashback. It is better than BNZ Platinum CC even currently if you spend $20000 or less as it does not have an annual fees. However, my spend is around $30K. I will get about $20 less compared to the current BNZ CC.
Any other suggestions?
Might be better to wait a few months, comments around the ASB changes were that it's quite likely most or all providers would have to follow given the cap on interchange fees, see https://www.stuff.co.nz/business/money/129906209/why-other-b…