Originally Posted by
Xiaotung
Perhaps same reason why co-branded hotel cards give customers 10-30 Elite nights a year to give cardholders a head start.
But this is the ANZ card. The cobranded card is from Kiwibank.
Suspect going to cost ANZ more than $150 per year. As in current set up it makes sense to never use the ANZ card and use the Kiwibank card. As that way get SP for spend from Kiwibank on all purchases (including flights) and then by just having ANZ get a bonus 50% on flights.
The way it is currently set up, it seems the best use of the ANZ card is to have it and never actually use it.