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Originally Posted by Nightwatchman
I know little about Star Alliance, but understand that Air NZ (and possibly others) have a different points redemption process for flights - whereby you book a flight as you ordinarily would if paying for it, only when you come to submit payment, you offer frequent flyer points instead.
Sounds too good to be true. Is it?
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Yes to a point. As long as you are on a all NZ itinerary then you can use airbucks to pay for a seat instead of credit card - but they still require credit card for taxes (excludes fuel surcharge!). So using this, any seat on NZ flights can be purchased as an award - no need to rely on a limited booking class. Downside is if you leave it late then only high fares left and so costs more points (but at least you still can get awards). For status members (& koru club) longhaul flights additionally have the conventional types of awards.
AFAIK the only other FFP with the same arrangement is Velocity (although the mechanism isnt as transparent), and United has this year introduced a special affiliated credit card scheme called Choices which is also similar.