Spend NZ$25 or more, get AU$5 back
Save the offer to your eligible Card and spend NZ$25 or more, in one or more transactions, in-person, online or in-app at American Express accepting merchants by 31/12/2018 to receive a AU$5 credit, up to 6 times. Exclusions apply.
Referrer: 40,000 Reward Points
Referee gets 200,000 MR points. Referrer gets 150,000 MR points.
I'm pretty sure you'll still get hit with the 3% fee. I wish they'd follow the US Amex and drop foreign currency fees.
RBA allows it so doubt they will drop it
Yes, the currency fee still applies it looks like
Payments in New Zealand Dollars will be subject to a Currency Conversion Fee. For more information, please see our Credit Card Fees. Any Currency Conversion Fee charged does not count towards eligible spend for the offer.
Makes me feel sad that my CBA AMEX no longer works as that card did not attract those sort of overseas fees.
Yup, have to look for a new cc with no overseas transactions fees now…
@Zackyis: There are quite a number:
@illumination: Citibank debit is quite easy to go with. No fees, was easy to apply, no credit check, etc.
@[Deactivated]: The other 3x debit card options are also no fees, no credit check. I don't imagine any of them being easier/harder to apply for as none of them have physical branches.
I did a comparison of Macquarie/Citibank/ING in terms of rates, and found that Macquarie seemed to consistently be the best. Can't really explain why though, considering they just use the rates of Mastercard/Visa. ING is Visa, Macquarie & Citi are Mastercard - which should mean Macquarie and Citi have the same rates.
I don't have the Ubank so I couldn't test that one out.
@illumination: ING has fees if requirements not met. One of the others wanted to see ID in branch before proceeding with application (no email/automatic), that's main reason I went with Citi.
ING has fees if requirements not met.
Ah yes - for the purpose of this comparison they have "fees" for overseas usage if requirements are not met, but no monthly fees.
One of the others wanted to see ID in branch before proceeding with application (no email/automatic), that's main reason I went with Citi.
Who though? None of them have branches..? Ubank is a subsidiary of NAB but you can't conduct Ubank services at NAB branches.
Macquarie - pretty sure they don't have branches either. ING have one office in Sydney - has that now become available to walk-ins with banking queries?
Hang on - Citibank have branches..
@illumination: May not have been branches as such, but I was asked to present ID in person somewhere. Cancelled application and went to Citi straight away. They happily confirmed ID via email.
I assume they probably had other methods to confirm ID (ie maybe Auspost or something?) but I really couldn't be stuffed with that.
Side note, I only use one form of ID (passport) in applications, this is probably a part of why I get asked to present it in person so often. I assume those who provide two are more likely to be automatically verified
So once enrolled spend anywhere that accepts Amex and change the currency to NZ will trigger the credit statement?
I think so
How do you change the currency to NZ on phyiscal stores
Online at least some stores allow you to pay in NZ
I think Book Depository would be one of them
@flyingmouse: What about stores like AliExpress? Their default is USD but I can select AUD and get charged AUD plus a currency fee (I think this is since they are not an Australian company).
Choice Bro
Would be even better if it was $6 back.
Enrolled! Seems like a silly question, but this will work if I pay using my Amex card when I travel to NZ right?
Defiantely!
That's the idea!
Seems a bit extreme to save $30.
Are you on the correct website?
Trudat
Great deal! Cheap way of getting discounted gift cards that work worldwide. E.G Asos and other merchants :)
Care to post step by step guide?
I suppose next step would be to figure out which stores allow eGC (GC might have shipping cost built in) purchase online.
thanks op . does anyone know if it will work on nz amex issued cards? also if you use a AUD amex card in Nz much is the foreign exchange fee isnt it 3% is it still worth it after cash back?
Try and see if NZ Amex works or not.
Defiantely worth it, see below
i did but " Unfortunately, this card is not eligible for this offer."
Doesn't work then. I've tried overseas AMEX cards with offers and they definitely seem to be geographically limited, I assume to one country.
So spend 25.75 NZD (including 3% fee), get 5.36 NZD back (current FX rate). Almost a 21% discount, not bad!
Why 25.75? shouldn't just need to spend NAD25.00 (ignore how much AUD been charged on your card including transaction fees in the end)?
I think because NZ$25 would be shown as an expense on your bill and the 0.75 as a separate line item.
It was not worded really well by the poster but I agree that you should just aim for NZ$25 and don’t really care about whatever fee you get on top. Some cards have 0% fees as well.
Australian Amex cards are all 3% unless I've missed some big news.
How do you get a 21% discount?
You spend NZD25 to get something of value NZD25
You get charged 3% fee (NZD0.75), and get back AUD5 (say NZD5.36)
Your total spend after rebate is NZD25+0.75-5.36 = NZD20.39
Your saving on your NZD25 purchase is NZD4.61 which is 18% of NZD25. You saved 18% as against having paid for the purchase on a 28 degrees card or other non-fee charging card [assuming FX rates are the same]
I don’t think she/he said a 21% discount though
I was replying to the comment from railspider which read: So spend 25.75 NZD (including 3% fee), get 5.36 NZD back (current FX rate). Almost a 21% discount, not bad!
Its kind of like Shop Small, if you're visiting NZ (or shopping online paying NZD). Spend $25 get $5 back, up to 6 times, in Nov and Dec!
Even better as you can spend at same store again and again
Looks like you can buy Tiger flights in NZD
Wow! Buy an air ticket and get $5 back. Winner :-)
Interesting offer and good timing as I am goind to NZ during offer period. I guess for small purchases better to use Amex rather than my 28 degress
PayPal family and friends in NZD?
Don't think you can use Credit to Family & Friends?
I just did. You have to wear Paypal’s FX rate and pay a fee. Will see if it works and if I can get the money out on the other side…
Did you receive the Amex email once payment was made?
@pyr0maniac: I've been in NZ since yesterday, used my Amex a handful of times - no offer emails, nor do any of my transactions show in 'Pending' on the Amex website or within the app yet (like they would in Australia), so I wouldn't be surprised if it simply takes a few days to clear.
(I did get the notifications via Apple Pay, though, so Amex does know about them!)
@pyr0maniac: Still no email from Amex and not showing as a pending transaction in my app either. I did get an Apple Pay notification at the time of the transaction.
After PayPal fees and the FX rate ripoff x 2 (PayPal and Amex) I should come out around $2.60 AUD ahead… provided the Amex credit comes through. Hardly worth the hassle!
@powerhammer: powerhammer did you use a paypal aust account linked to a au amex card to send funds to a NZ paypal account in nzd? let us know within 5 days whether or not you get the credit. i might give it try but dont want to waste my money in fees if amex dont give $5 credit.
@coolsteps: I paid $25.07 NZD from one AU PayPal account via AU Amex card ($24 f&f + $1.07 PayPal fee) to another AU PayPal account. Withdrew $21.51 AUD from this account. The $25.07 NZD has just appeared on my amex app as $24.15 AUD (including Amex’s commission of $0.70).
No credit from Amex yet. Provided this comes through I will pocket $21.51 + $5.00 = $26.51 for $24.15 outlay so $2.36 profit. If not I am down $2.64.
@powerhammer: So this proves that the amount you send does not need to be NZ$25+. It's the total that needs to be $25+. As per your example, you did NZ$24 and the fees pushed it over NZ$25.
Sweet :D
Trying to decide how fine to cut it lol. I just sampled a NZ$23.93 transfer and the fee is still $1.07 (perfect).
edit: Actually it's one or MORE transactions, so hypothetically if it doesn't trigger it, you could just initiate another transaction but presumably you'd cop some fees.
edit 2: Hang on. The goal is to spend $150NZ+. $145.96 seems to be the max I can do while maintaining the surcharge at $4.24. Surcharge is $4.24 whether you send $145.74 or $145.96, so might as well send a bit extra for the same surcharge (could earn you an extra point? LOL)
@illumination: What currency does your recipient receive in? There is another conversion fee to convert the NZD back to AUD.
@Cisco123: Yeah just once so far. I may do more just a bit hesitant in case they lock my PayPal account. I have 8 cards!
@powerhammer: I didn't expect Paypal to work. It is basically free money, to transfer from one Paypal account to another.
@DealWatcher27: I'm assuming this is referringto https://www.paypal.com/au/smarthelp/article/send-money-faq15… ?
@powerhammer: thanks mate ill register all my cards now $2.36 profit will make up for some missing small shop credits.
@powerhammer: Hey powerhammer, thanks for the tips and updates.
I made 3 x transactions exactly like your PayPal Family and Friends ones, each of exactly 150 NZD each:
| DESCRIPTION | AMOUNT |
|---|---|
| FOREIGN SPEND | 150.00 NZD |
| COMMISSION | $4.25 |
These transactions were made on 25 November (3 days ago), have posted to my account but no sign of the 30 AUD credit yet. What was the exact timeframe between your PayPal transactions and the credit being posted to your account?
Thanks so much :)
@MathNerd: This is for my second use of this promotion - the Paypal transaction shows on my Amex statement as 13 November (it's in my Paypal account as 14 November) and the credit shows on my statement as 15 November, however I am fairly sure the credit on my Amex statement is actually "backdated" as I was checking daily and didn't notice it until around a week later.
EDIT: Also going by my above posts my first transaction was 8th November and I had the credit in my account on the 12th.
@powerhammer: It won't come through. PayPal is a third party processor, which is excluded from these types of offers.
Happy to be proven wrong though
@kerfuffle: But that's only if it's a merchant-specific deal. This isn't. It's just spend in a particular currency.
@illumination: Did you click on the full offer terms and conditions? Just going by what the terms and conditions said. Like I said, happy to be proven wrong, and I was
Did you click on the full offer terms and conditions? Just going by what the terms and conditions said.
Nope I didn't. Because I felt the title had enough info.
I think it's just generic T&Cs. Just like the T&Cs saying credit doesn't apply to purchases of gift cards, Apple products etc.
how did you change the payment currency to NZD. it keeps staying on aud for me…
Thanks for this tip. With paypal fee and Amex exchange fee, I sent about AUD 150 from one account and received about AUD 135 on other end. With cashback, I came out with a nice profit of AUD 15 for basically doing nothing. Almost ready to try on my other cards now.
Is this targeted? I get almost all the Amex deals posted on orbagain but not this one.
Same - I have an Amex issued card, usually see the deals but not this one.
Just click on the link and register for the offer. I did not see it in both my cards but was able to register it
Thank for reply. I am not overly bothered if it's targeted since I'm not planning to go NZ this year. Just wondering if Amex starting to go stingy on me as I usually get almost all the deal on my essential cards
For what it's worth, after using my card for the first time in NZ, this offer then was emailed to me with the enroll link.
Only 'targeted' in that the enroll link isn't public until relevant to you.
Thanks - I was able to enrol using the link.
Well i'm off to NZ tomorrow in fact so this has come at a great time!
How is the 3% conversion rate calculated? On the NZD? Before or after conversion?
Using a NZ$25 purchase as an example, can someone show me their working out for the maths?
Also, how much can you spend before the cash back isn’t worth it?
I assume you read the attached documents, including the terms and conditions of the card, before activating it. In there, it clearly states that all foreign currency amounts not in USD will first be converted to USD, then converted to AUD. The conversion fee is charged on the AUD amount.
Once you've done the calculations you're seeking, please come back and share to help others.
Don't forget NZ has got 15% GST which is 5% higher than AU.
So total redemption cost will be 3% + 5% = 8%
Or less than that if you consider points value.
do u mean comparing online purchases between AUS and NZ? if you're in NZ, the 15% is unavoidable, so the calculation from @railspider above hopefully is still true.
Yes you are right. I shall make it clear e.g. if same product but charging different GST based on different location of sales. An example is, AirNZ offers their NZ domestic flight to be sold in their AU website and charge 10% GST only.
Different calculations are based on all different situations so there is no absolute right or wrong.
Cheers OP, heading to NZ next week - good timing
Ok, time for a surprise quiz:
If I make 5 transactions of $10 each, what would be my Cashback from this deal ?
I’ll have to phone a friend for that. Where’s Mathsnerd!
He has been in penalty box for a long time. Dont know what happened to him.
Oh wow you're right! Wouldn't expect a guy like him to be in the penalty box.
For those comments on through PayPal, have you tried yet? I have concern the fine prints must be directly paid by Amex not through PayPal etc.
Interesting offer…
What about the fees of 3%?