Originally Posted by
nzkarit
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.
I just assumed changes would be coming to other cards including Kiwibank as well otherwise it absolutely makes no sense.