ANZ Rewards Black Card: Questions

datzed on 18/01/2018 - 09:22
Last edited 18/01/2018 - 09:23

Hi all, this is in relation to the deal http://goo.gl/t55jn9 (i.e. ANZ rewards Credit Card with 75,000 points)

The requirement is to spend $2,500 on eligible purchases in the first 3 months. I'm wondering if paypal personal payment is eligible? That is, making a payment to buy goods via a personal payment.

Additionally, what's the going rate to cash out the 75,000 points (via ozbargain forums) roughly?

I'm thinking of buying a wrist watch via an internet forum, and buying via this credit card and selling points will be a nice way to soften the blow of such a large purchase.

Cheers

Financial

Related Stores

ANZ
ANZ

Comments

  • pantsparty on 18/01/2018 - 09:42
    +2

    I suspect a personal payment on Paypal would be counted as a purchase given ANZ probably can't tell what type of transaction it was but I cannot say for sure. Do you not think you would already spend $2500 in 3 months?

    Going rate tends to be about 1 cent per point, so you could get $750 or maybe a little more for these points. You will get much better value if you redeem them for a business class flight worth $3k or $4k.

    • brazen00 on 18/01/2018 - 09:50

      1c per point for airline points. These transfer at 2:1, so half that

  • Shadowsfury on 18/01/2018 - 09:45
    +1

    Not sure if ANZ REWARDS card can have points transferred to others. The ANZ QANTAS card would earn QF points (which can be transferred to others, although often against their T&C).

    • datzed on 18/01/2018 - 09:49

      Ah crap. This might be the deal breaker.

      • pantsparty on 18/01/2018 - 10:04
        +1

        Get this credit card, you earn 75,000 Qantas points instead of 75,000 ANZ points:

        https://www.ozbargain.com.au/node/355115

        • datzed on 18/01/2018 - 10:08

          What is the advantage of this? Are Qantas points transferable and/or are more 'in demand' by people?

        • pantsparty on 18/01/2018 - 10:15
          +2

          @datzed: You can sell Qantas points here at 1 cent per point. The ANZ points convert to frequent flyer points at 2 to 1 so you will only get 37,500 points. You will earn double the cash by getting the Qantas card

        • datzed on 18/01/2018 - 10:42

          @pantsparty: Thanks mate!

  • brazen00 on 18/01/2018 - 09:49

    I'd say you'd need to transfer to Velocity at 2:1, then you could sell to Tuvz for $375 (1c per point).

Login or Join to leave a comment
Login Join