Tag Archives: anz

The ANZ Travel Visa Signature is dying a slow and undignified death

I received an SMS from ANZ informing me that the ANZ Travel Visa Signature Card T&Cs had been updated with effect from 1 April 2017.

Image result for visa signature travel anz

I’m sure this is a good thing! I said to myself as I clicked on the link. After all, SMSes have always brought me good news, useless PDPA act notwithstanding-

Please be informed that with effect from 1 April 2017,

– Complimentary airport limousine and lounge access for ANZ Signature Priority Banking Visa Infinite Card and Travel Visa Signature Card will cease.

– There will be revisions to the ANZ Travel Card Rewards Programme Terms & Conditions:

Additional  bonus 10,000 Travel$ will no longer be awarded to ANZ Travel Cardmembers who pay Annual Fee from the 2nd year of membership.

The revised T&C can be found here

When the ANZ Travel Visa Signature card launched back in July 2012, it was something genuinely novel. It offered 1.4 mpd on local spending with no minimum spend required, 12,000 miles upon payment of the $200 annual fee, 2.8mpd on overseas spending, unlimited lounge access and limo transfer with a $1,500 spend.

Then they started chipping away at the benefits.

First, the 2.8mpd on all overseas spend was replaced by 2.8mpd on spend in Australia and NZ only. Then, the renewal miles went from 12,000 to 10,000. Then, unlimited lounge access was taken away and the limo service minimum spend went up to $2,500, then required you to redeem Travel$, then disappeared (it was brought back for a limited period but needed S$7,000 spend per calendar quarter)

This card has died the death of a thousand cuts. Given that you can’t even use it to buy miles at 2 cents each anymore, I can’t think of any reason to hold on to it. I’ve said that you should never pay annual fees unless you get something in return and there’s no reason an exception should be made for this card.

Final point: The Milelion has some affiliate links for the ANZ Travel card. In light of these changes, I cannot in good conscience recommend the card to anyone. These links will be removed.

Given ANZ’s impending demise in Singapore, it might be a good idea to look for a way to cash out on your Travel$ asap.

Alas ANZ Travel card, we barely knew ye!

Support The Milelion when you sign up for credit cards

The Milelion is free and will always be.

Different websites have different ways of staying free. Some websites have annoying autoplay video ads. Others have adblock blockers that obnoxiously take up your whole screen and demand you unblock them. Still others have a big popunder asking them to subscribe to a spammy newsletter.

The Milelion doesn’t go for any of that. All ads are non-obtrusive and on the sidebar. Block them if they annoy you (but if they don’t, consider whitelisting). The newsletter is yours to subscribe to via the small box on the left. You won’t get a begging signup box blocking your screen. And autoplay video ads? Come the revolution, any website with those will be first against the wall.

But ultimately, The Milelion needs to be sustainable. And I’d prefer to do this in the least intrusive way possible. That’s why we’re going to start putting affiliate links in some articles for ANZ, Citibank and Standard Chartered credit cards. HSBC will follow soon. UOB and DBS, unfortunately, do not partner with the affiliate network I’m using but we might be able to get them through a 3rd party finance site.

How these links work is simple- if you read about a credit card that sounds like something you might like, sign up for it through our link. We’ll earn a referral fee. Signing up this way still makes you eligible for whatever sign up bonus/gifts the banks offer.

For example, if you click on the ANZ credit card link  to sign up for an ANZ Travel Card, you’ll see this

And if you sign up for the Travel Visa Signature Card, you’ll get the 25,000 bonus miles and 28″ luggage, subject to meeting the regular T&C.

Remember- I don’t see any of this money. All costs incurred in running The Milelion (social and otherwise) are borne by me. All revenues earned by the site until 31 July go to support World Vision.

We’re a bit lower than I was expecting at this time in the campaign, but hopefully with the additional revenue from affiliate sign ups we’ll meet the $5K goal.

Final point: I understand people might be concerned about how this affects content objectivity. That’s fair enough. The last thing I want is this becoming the kind of website that can say with a straight face that the Krisflyer Ascend card is a good option(I swear, they updated the headline to add “Or the worst?” since I last read it).

Let me put it this way- over the past 2 years The Milelion has been in existence I’ve made it clear I’d rather die than recommend a crappy card to someone. And although there are some great affiliate offers for crappy cards, including a particular mall-related AMEX that I have described, rather charitably, as possibly the worst card in Singapore, I’m not going to put those links here. I trust you have the right resources here to know which cards you should and shouldn’t be applying for, if you want to play the miles game.

I’m going to put some links below, but I will progressively populate older articles (like my good friend the Milelion Credit Card Omnibus) with these as well.

Thanks to everyone for your support

Aaron


ANZ

Travel Visa Signature

UPDATE: I’d advise against applying for this card given the recent cuts to benefits. No more 10k miles when paying the annual fee. 

Despite the recent devaluation of the lounge access benefit, the ANZ Travel Visa Signature remains a solid card to have assuming you travel frequently to Australia/NZ. You can get up to 25,000 miles if you’re willing to pay the first year annual fee and spend $3,000 in the first month.

Get more air miles with every dollar

Citibank

If you’re a new Citibank cardholder, you can get $120 cashback when you sign up here. I wrote a short article on how this can be a potential avenue to MS, if you’re into that sort of thing…

Citibank Rewards Card

Apply here

The old stalwart of the rewards card portfolio, the Citibank Rewards may have lost some utility ever since bill payment via AXS was taken away, but regular promotions like the one with Amazon make it a solid card to have in my book.

Citibank Premiermiles Visa

Apply here

I don’t love Citibank’s policy of having separate redemption fees for ThankYou points and Premiermiles, but I do love that they have the most useful transfer partners of any SG based bank.

For the full runthrough you can refer to the Citibank entry in the credit card omnibus.

Standard Chartered

Standard Chartered Visa Infinite

Image result for standard chartered visa infinite

Apply here

The SC Visa Infinite (S$30,000 income requirement (!) if you’re a priority/private banking customer, S$150,000 if not) has an a choice of 2 welcome gifts in exchange for a S$588.50 annual fee

  1. 35,000 miles
  2. 25,000 miles plus S$100 Uber Credit

If you opt for (1), you are essentially buying miles at 1.68 cents each. This is one of the lowest rates I’ve ever seen for sign up/renewal bonuses. There are some decent card related bonuses too, and if you’re the sort who puts at least S$2K spend on your card each month you can earn 3 mpd on overseas spending.


We’ll add more links once HSBC comes through, hopefully there’ll be another extension to the 10X points on the Advance Card?

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?