Tag Archives: anz

ANZ (sort of) brings back limo service on its Travel card

The future of ANZ’s retail banking operations in Singapore is still up in the air after their recent sale to DBS. Currently, it is still unclear what DBS will do. Will they leave everything intact and operate ANZ as a separate unit? Will they absorb ANZ entirely? And what does that mean for ANZ’s line of credit cards?

I’ll let the fortune tellers sort that one out, but in the meantime, ANZ has taken the step of “re-enhancing” its Travel Visa Signature card by adding back limo services.

ANZ’s limo service has undergone a series of enhancements in recent memory. When the card was first launched, you needed to spend $1,500 within 30 days of travel to book a limo. Then sometime in 2015 the amount was increased to $2,500. And then in June 2016 that benefit was enhanced away altogether, in order to serve you better. Instead, you could now redeem a limo at the following attractive rates!

  • One way-3,400 Travel$
  • Return- 6,400 Travel$

(in other words, your spending used to earn you both miles and limo before, but now ANZ was asking you to pick between one or the other- you could keep the miles, or you could use them to redeem a limo pickup but not both)

Well it seems that in the spirit of Christmas (and probably a lot of angry calls) ANZ has had a change of heart because I got this message from them yesterday

For whatever reason, ANZ has decided to make this a limited time offer only. I suspect they want to see how many people are willing to hit the minimum spend before deciding whether to make this a permanent thing.

Here’s how you qualify for airport limo service-

The main difference is you need to spend $7,000 per quarter to get limo service now, or $2,333 per month. This is as opposed to $2,500 in a 30 day period before travel under the old system.

The threshold is definitely a lot higher now, even if the equivalent per month spend ($2,333) is lower than the old figure ($2,500). You’re basically committing to spend $7,000 with ANZ. If this is all non-category, non-bonused spend, then the ANZ Travel Visa Signature is probably as good as they come, as its 1.4 miles per $1 earning rate is on par with the UOB PRVI Miles card. But given the wide variety of bonus categories that can earn 4 mpd, it’s highly probable that you’d need to sacrifice some of that bonus in order to hit a $7,000 figure within a quarter with ANZ.

The limo isn’t the only thing they give you when you hit the threshold though, you also get 2 lounge passes. You’ll also remember that ANZ enhanced away its unlimited lounge access (which was one of the strongest reasons for getting this card) which didn’t require any spend at all and replaced it with Dragonpass instead. In order to get lounge access, you need to spend $10,000 per quarter to get 2 lounge passes, which is just ridiculous considering the fact that other cards give you a priority pass for free.

So is this move enough to save the ANZ Travel Visa Signature card? Hardly.  I personally can’t recommend this card (unless you think you’ll be spending a lot in Australia/NZ), but if for whatever reason you still feel inclined to apply you might be keen to know they have a sign up bonus that gives up to 25,000 miles when you spend $3,000 in the first month and pay the first year annual fee.

Get more air miles with every dollar

 

Remember that you have options when it comes to picking a credit card with limo service. Why not have a read of this article for more information?

What does ANZ’s exit from retail banking mean for its credit cards?

It just came out in the news today that DBS is intending to acquire ANZ’s wealth and retail banking assets in Singapore, Hong Kong, China, Taiwan and Indonesia. ANZ intends to focus more on institutional banking within Asia going forward.

If ANZ does exit the retail banking space, it does raise the question as to what happens to its consumer credit cards.

All along I’ve taken the view that the only ANZ card worth having (from a miles earning point of view) is the ANZ Visa Signature Travel Card.

Image result for anz travel card

Although the Travel Card still offers one of the best local miles earning rates (1.4 miles per $1), it suffers from a poor overseas earning rate (you don’t get any bonus points unless you spend in Australia/NZ)

Furthermore, the Travel Card also used to have one of the most generous lounge access policies, but that was gutted recently when they stopped partnering with Veloce and switched to DragonPass. You now need to spend $10,000 per calendar quarter just to get 2 DragonPass lounge vouchers. That is ridiculously stingy.

Even longer ago the Travel Card used to have complimentary airport limo with a minimum $1,500 spend (on anything) within 30 days of flying. That was also killed at some point in the past.

So even if the ANZ Travel Card does go away I don’t think it will be a particularly big loss to the miles community in Singapore. The UOB PRVI Miles is an entirely better proposition than the Travel Card in my opinion.

I currently have about 12,000 miles in my ANZ Travel Card and may be forced to cash out soon. For a brief moment I thought DBS might fold the Travel Card into its Altitude and offer to convert Travel$ into DBS Points but the more I think about that the less likely it sounds- it would be an IT nightmare and DBS doesn’t have much incentive to do so.

ANZ has a minimum conversion block of 5,000 miles, so I need to earn an additional 3,000 if I don’t want to waste 2,000.  So my goal will be to earn up to the next block asap and then transfer out.

The little twist in the tale here is that ANZ has just started offering a 25,000 mile sign up bonus, way superior to the measly 2,000 mile bonus they used to offer.

Get more air miles with every dollar

Granted, the new offer requires you to spend $3,000 and pay the first year annual fee, but all in all the offer is still better than the old one which required $500 spending. The argument goes- why would they be going on a customer acquisition spree if they’re closing up shop?

I don’t know what the answer is. Maybe they did it to get a few more customers onto the books and boost their sale value. Maybe the credit card team really didn’t know about the impending sale. Maybe DBS will retain the ANZ brand and continue to run its operations separately, in which case this whole article is irrelevant.

What I do know is that if you own an ANZ Travel card, you should take a quick glance at what your Travel$ balance stands at and plan accordingly, because I think the days of ANZ cards might be numbered.

Can you register for ANZ’s new 5.6 miles per $1 promotion?

I read over on The Shutterwhale that there is an ongoing promotion for the ANZ Travel Visa Signature card offering up to 5.6 miles per $1 until 30 Sept.

To summarize the promotion

  • Register via SMS by sending MORE to 77288
  • Spend a minimum of $500 from now till 30 Sept
  • Get a bonus of 2.8 miles per $1 on your spending, yielding an equivalent of (2.8+1.4)=4.2 miles per $1 on local spending and (2.8+2.8)=5.6 miles per $1 on spending in AUD/NZD

The maximum bonus miles that can be earned is 4,100. This means the promotion is maxed out at $1,464 of spend, which could yield 6,150 miles if you spend locally, and 8,200 miles if you spend in AUD/NZD.

Now here’s the thing. I didn’t get the original SMS to sign up for this promotion. Yet, just for the heck of it I followed the instructions and registered, and got this confirmation-

IMG_20160826_082547

Does that mean it will work? Some people on HWZ seem to suggest yes.

 

I’m a bit less optimistic because of the T&C which can be found here.

In any case, I called up ANZ to check if they could see my registration but they can’t see from their side who has successfully registered and who hasn’t. Even assuming my registration went through successfully, Clause 4 implies that they can retroactively go through accounts after the promotion and weed out those who weren’t targeted.

Because I opt out of marketing communications by default, I’m not even sure if I was targeted or not. So here’s my take- the ANZ Travel Card is a good general spending card at 1.4 miles per $1. The idea of being able to earn 4.2 miles per $1 for my first $1,464 of spend is good enough that I’m perfectly fine diverting my general spend to this card for the next month. Even if I don’t get anything in the end, I’ll still earn 1.4 miles for that spend which is what I’d have earned if I put it on PRVI. I’m definitely not going to divert online/other specialised spend away from their pre-defined cards,

Remember that ANZ has a minimum miles cashout of 5,000 miles for SQ. Factor this into your equation if you don’t want to end up with orphan miles.