My homeloan is with ANZ, and I have the option to get a free ANZ Frequent Flyer Gold card, which is normally $95 a year plus $65 for a supplementary card. The terms are as follows:
- - One point for every dollar up to $2,500 spent each month.
- One point for every 2 dollars over $2,500 spent up to and including a maximum monthly spend of $10,000.
- No points (excluding bonus points) on amounts spent over $10,000.
- Interest free days on purchase: up to 55 days
With the homeloan, there is no fee for two cards (primary and supplementary), so I will probably sign up for it. Do you see any reason why I should not sign up for the free ANZ FF card? My gut feeling says "just do it!".
But, I've heard that ANZ FF cards aren't that great, especially only getting half a point per dollar spent over $2500. My monthly spending is usually less than $10,000, so I'm not worried about the maximum spending limit.
Now, would it be better if I also signed up for a card such as the American Express Gold Rewards Maximiser, which gives 1.5 points per dollar spent? I'd have to pay the annual fee, so I'm not sure if it's worth it.
Thanks heaps for your help!
