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BNZ Advantage Classic Credit Card

1 review

Apply by 30 September 2019

points over 12 months Calculate your savings icon

Earn rate per $1

0.025 points
16.77% Complete (success)
flybuy

Bonus points

500 points
500% Complete (success)

Annual fee

$40
p.a.
40% Complete (success)

Pros

Choose the rewards you want: Cashback or Fly Buys

$150 spend = $1 Cash Reward

$40 spend = 1 Fly Buys point

Apply by September 30 2019 and get an extra $75 cash back or 500 Fly Buys points when you spend $1,500 in the first three months.

Up to 55 days interest free on purchases

0% p.a. on balance transfers for the first 6 months

Cons

High interest rate

BNZ Advantage Classic Credit Card

Key features

  • Choose the rewards you want: Cashback or Fly Buys
  • $150 spend = $1 Cash Reward
  • $40 spend = 1 Fly Buys point
  • Apply by September 30 2019 and get an extra $75 cash back or 500 Fly Buys points when you spend $1,500 in the first three months.
  • Up to 55 days interest free on purchases
  • 0% p.a. on balance transfers for the first 6 months
100% of customers who have rated this card would recommend it
  • Rates
    44%
  • Fees
    49%
  • Rewards
    57%
  • Customer Service
    72%
  • Value
    40%
Overall user rating 52%
1 reviews
Interest Rates
Purchase rate 20.95% p.a.
Cash advance rate 22.95% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer fee No fee
Balance transfer revert rate 22.95% p.a.
Balance transfer from personal loan N/A
Banks you can't balance transfer from BNZ
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $40 p.a.
Additional cardholder fee $12 p.a.
Cash advance fee N/A
Foreign transaction fee 2.25%
Late payment fee $2
Credit card type Visa
Rewards program
Rewards program flybuy flybuy
Bonus points 500 flybuys points
Annual points cap uncapped
Bonus points spend criteria Or $75 cash back when you spend $1,500 in the first 3 months
Earning points with this card
flybuys points 0.025 points per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Eligible with Apple Pay & Google Pay

The BNZ Advantage Classic Credit Card

A flexible, low cost option for cardholders looking to earn rewards, the BNZ Advantage Classic Credit Card offers the opportunity to earn Fly Buys points or Cash Rewards while paying a relatively low account fee. Enticing new cardholders to apply, the card is currently offering $75 cashback or 500 Fly Buys points with a minimum spend of $1,500 in the first three months, plus 0% p.a. on balance transfers for six months.

What we love...

Boosting your balance with an nice introductory offer, the BNZ Advantage Classic Credit Card is currently offering $75 cashback or 500 Fly Buys points to new cardholders who apply by 30 September 2019. To get your hands on the offer, simply spend at least $1,500 on the card in the first three months.

Before we move on to look at the rewards programme in detail, it’s worth mentioning that this card is also offering 0% p.a. on balance transfers for six months. If you have credit card debt that you want to pay down, this could help you do that. However, take time to think about whether you can clear your transferred balance plus the required $1,500 for the bonus points within that interest free period.

Now to those rewards. The BNZ Advantage Classic Credit Card is a lovely, flexible option, which offers you the choice of earning cashback on your spending or points within the Fly Buys rewards programme. Rewards are earned on eligible purchases (excluding cash advances, balance transfers, interest charges, bank fees, gambling, betting and lottery transactions) at a rate of:

  • $150 spend = $1 Cash Reward
  • $40 spend = 1 Fly Buys point

The rewards you earn are deposited into your nominated Cash Rewards or Fly Buys account monthly. So, what can you do with those rewards? Well, if you opt for cashback, you could use your rewards to reduce your credit card balance each month, you could transfer them to a BNZ savings account to earn interest, or you could transfer them to your BNZ current account to withdraw as cash.

If you opt to earn Fly Buys points, you will benefit from two lots of points when you shop at Fly Buys retailers, paying with your card and swiping your Fly Buys membership card at the same time. In terms of redemptions options, check out the Fly Buys site for more than 3,000 rewards, or alternatively, convert your points into contributions to any BNZ KiwiSaver Scheme account.

What’s not so great...

With its low account fee, the BNZ Advantage Classic Credit Card is a low cost option, however, it may not suit all cardholders. As it has a relatively high purchase rate and cash advance rate, it wouldn’t be a good fit for anyone who carries a balance. Paying out interest on carried balances and cash advances would make it difficult to enjoy true value on rewards earned.

Why should you choose this card?

If you want a rewards card with a low account fee, the BNZ Advantage Classic Credit Card could be the ideal option. With this low account fee, smaller spenders may find it easier to get value back on the rewards they earn. Plus, you have the option of choosing between two rewards programmes, earning either cashback or Fly Buys.

While it may have a fairly high purchase rate, note that as long as you pay off your balance each month (and don’t have a balance transfer on the account), you can take advantage of up to 55 days interest free on purchases. As for features, this card focuses on the essentials, providing security and payment basics, plus compatibility with Apple Pay and Google Pay.

Overall Rating

Allowing new cardholders to boost their rewards balance with $75 cashback or 500 Fly Buys points, the BNZ Advantage Classic Credit Card is a flexible rewards card earning cashback or Fly Buys rewards month to month, with 0% p.a. on balance transfers for six months.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Permanent Resident or New Zealand Citizen
  • You have your personal details ready to complete the online application
BNZ Advantage Classic Credit Card
BNZ Advantage Classic Credit Card

BNZ Credit Cards

BNZ Advantage Classic Credit Card

Updated 5 August 2019

Apply by 30 September 2019

Points Earn Rate (per $1 spent)

0.025

points

flybuys

Rewards Program

flybuy

Bonus Points

500 pts

Or $75 cash back when you spend $1,500 in the first 3 months

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Choose the rewards you want: Cashback or Fly Buys
  • $150 spend = $1 Cash Reward
  • $40 spend = 1 Fly Buys point
  • Apply by September 30 2019 and get an extra $75 cash back or 500 Fly Buys points when you spend $1,500 in the first three months.
  • Up to 55 days interest free on purchases
  • 0% p.a. on balance transfers for the first 6 months

  • High interest rate

Creditcard.co.nz review

Editor Review

BNZ Advantage Classic Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.co.nz. about this card.

The BNZ Advantage Classic Credit Card

A flexible, low cost option for cardholders looking to earn rewards, the BNZ Advantage Classic Credit Card offers the opportunity to earn Fly Buys points or Cash Rewards while paying a relatively low account fee. Enticing new cardholders to apply, the card is currently offering $75 cashback or 500 Fly Buys points with a minimum spend of $1,500 in the first three months, plus 0% p.a. on balance transfers for six months.

What we love...

Boosting your balance with an nice introductory offer, the BNZ Advantage Classic Credit Card is currently offering $75 cashback or 500 Fly Buys points to new cardholders who apply by 30 September 2019. To get your hands on the offer, simply spend at least $1,500 on the card in the first three months.

Before we move on to look at the rewards programme in detail, it’s worth mentioning that this card is also offering 0% p.a. on balance transfers for six months. If you have credit card debt that you want to pay down, this could help you do that. However, take time to think about whether you can clear your transferred balance plus the required $1,500 for the bonus points within that interest free period.

Now to those rewards. The BNZ Advantage Classic Credit Card is a lovely, flexible option, which offers you the choice of earning cashback on your spending or points within the Fly Buys rewards programme. Rewards are earned on eligible purchases (excluding cash advances, balance transfers, interest charges, bank fees, gambling, betting and lottery transactions) at a rate of:

  • $150 spend = $1 Cash Reward
  • $40 spend = 1 Fly Buys point

The rewards you earn are deposited into your nominated Cash Rewards or Fly Buys account monthly. So, what can you do with those rewards? Well, if you opt for cashback, you could use your rewards to reduce your credit card balance each month, you could transfer them to a BNZ savings account to earn interest, or you could transfer them to your BNZ current account to withdraw as cash.

If you opt to earn Fly Buys points, you will benefit from two lots of points when you shop at Fly Buys retailers, paying with your card and swiping your Fly Buys membership card at the same time. In terms of redemptions options, check out the Fly Buys site for more than 3,000 rewards, or alternatively, convert your points into contributions to any BNZ KiwiSaver Scheme account.

What’s not so great...

With its low account fee, the BNZ Advantage Classic Credit Card is a low cost option, however, it may not suit all cardholders. As it has a relatively high purchase rate and cash advance rate, it wouldn’t be a good fit for anyone who carries a balance. Paying out interest on carried balances and cash advances would make it difficult to enjoy true value on rewards earned.

Why should you choose this card?

If you want a rewards card with a low account fee, the BNZ Advantage Classic Credit Card could be the ideal option. With this low account fee, smaller spenders may find it easier to get value back on the rewards they earn. Plus, you have the option of choosing between two rewards programmes, earning either cashback or Fly Buys.

While it may have a fairly high purchase rate, note that as long as you pay off your balance each month (and don’t have a balance transfer on the account), you can take advantage of up to 55 days interest free on purchases. As for features, this card focuses on the essentials, providing security and payment basics, plus compatibility with Apple Pay and Google Pay.

Overall Rating

Allowing new cardholders to boost their rewards balance with $75 cashback or 500 Fly Buys points, the BNZ Advantage Classic Credit Card is a flexible rewards card earning cashback or Fly Buys rewards month to month, with 0% p.a. on balance transfers for six months.

User reviews

BNZ Advantage Classic Credit Card ( based on 1 Creditcard.co.nz user review )

52% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 20.95% p.a.

Cash advance rate 22.95% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

Balance transfer revert rate 22.95% p.a.

Balance transfer from personal loan N/A

Balance transfer fee No fee.

Balance transfer limit N/A

Banks you can't balance transfer from BNZ

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $40 p.a.

Additional card holder fee $12 p.a.

Foreign transaction fee 2.25%

Minimum repayment

Cash advance fee N/A

Late payment fee $2

Rewards and points

Rewards program

Rewards Program flybuy flybuy

Bonus points 500 flybuys points

Annual points cap uncapped

Bonus points spend criteria Or $75 cash back when you spend $1,500 in the first 3 months

Earning points with this card

flybuys pointsflybuys points 0.025 points per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Eligible with Apple Pay & Google Pay

Overview

BNZ Advantage Classic Credit Card

Key features

  • Choose the rewards you want: Cashback or Fly Buys
  • $150 spend = $1 Cash Reward
  • $40 spend = 1 Fly Buys point
  • Apply by September 30 2019 and get an extra $75 cash back or 500 Fly Buys points when you spend $1,500 in the first three months.
  • Up to 55 days interest free on purchases
  • 0% p.a. on balance transfers for the first 6 months

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Resident or New Zealand Citizen

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

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