ANZ 40K QF bonus points found but is the rate worth it?

[joyvee]

Here is link to 40K bonus points with ANZ if newbie and join By 31 Jan 20I am sure the offer I first found was no annual fee for first year but maybe not
Maybe there is no such thing as a free lunch after all.


40000 Qantas Points

IS the accrual rate worth it as this would be my first ventuure into this point system?

But this one has joining fee of $295
Successfully apply for a new ANZ Frequent Flyer Platinum account by 31 January 2014 and you could:

• Get 40,000 bonus Qantas Points[SUP]1[/SUP].
• Earn uncapped Qantas Points on everyday purchases[SUP]2[/SUP] like groceries and fuel. You'll earn 1.5 points for every $1 spent on eligible purchases using your ANZ Frequent Flyer Platinum American Express® card and 0.5 point for every $1 spent on eligible purchases using your ANZ Frequent Flyer Visa Platinum card.
• Benefit from Overseas Travel and Medical Insurance[SUP]3[/SUP].

Get on board with the ANZ Frequent Flyer Platinum account and enjoy the benefits of having an ANZ Frequent Flyer Platinum American Express card and an ANZ Frequent Flyer Visa Platinum card rolled into one credit card account, with a Total Annual Fee of $295.[SUP]4

OR THIS?

one Frequent Flyer - Earning Points - Pay

ANZ Frequent Flyer

www.anz.com
13 22 73 [/SUP]

• 1 point per $1 of eligible spend* on ANZ Frequent Flyer American Express[SUP]®[/SUP] card (new accounts only)
• 1 point per $2 of eligible spend* on ANZ Frequent Flyer Visa card (new accounts only)
• 1 extra point per $1 spent on selected Qantas products & services± in Australia
• Uncapped points earning (new accounts only)

Thanks for your valuable feedback for this would be newbie who has never ventured into points of any sort. JoyV

 

[JohnK]

If you need 40,000 QFF points then $295 is not an expensive price to pay.

 

[fersea]

I joined the recent promo for the Westpac one the other week and it was $125 with 40000 points. Earn on the Amex was the same but the MasterCard was a bit better. However I have a 1 point per $1 Visa so can't see me using this MasterCard.

 

[zainman]

This was my first points earning card and I have kept it.. I would go for the 40,000 points offer and you can always get the fee waived in subsequent years by threatening to cancel...

 

[EJAir]

Just clicked through to check this out and FYI for those thinking this sounds like a good idea, the offer appears to have been extended as below (copied straight from the site):

Successfully apply for a new ANZ Frequent Flyer Platinum account by 10 February 2014 and you could:

• Get 40,000 bonus Qantas Points[SUP]1[/SUP].
• Earn uncapped Qantas Points on everyday purchases[SUP]2[/SUP] like groceries and fuel. You'll earn 1.5 points for every $1 spent on eligible purchases using your ANZ Frequent Flyer Platinum American Express® card and 0.5 point for every $1 spent on eligible purchases using your ANZ Frequent Flyer Visa Platinum card.
• Benefit from Overseas Travel and Medical Insurance[SUP]3[/SUP].

Get on board with the ANZ Frequent Flyer Platinum account and enjoy the benefits of having an ANZ Frequent Flyer Platinum American Express card and an ANZ Frequent Flyer Visa Platinum card rolled into one credit card account, with a Total Annual Fee of $295.[SUP]4[/SUP]

 

[11sjw]

I have the card and it has been pretty good (it was a stop gap when the AMEX Plat Charge Card earn rates were changed). Though we do supplement it with an EDR Mastercard to get the 1:1 for non AMEX transactions. The main drawback is that it is a direct earn card. I'm thinking the AMEX Platinum Edge might be worth a try (along with keeping the EDR Card) as it allows points to be held outside of any FF program.

 

[casanovawa]

I have the plat card but because i put a quite a bit of my spending through it, when i called up one time to say i was thinking of changing to a new card they now give it to me for $50 a year or so... Think after i take a holiday in Apr for which i will use it for the free insurance i might take out another plat card and cancel this one, get the 40K points then try and get them to refund most of that $295... The only problem with loyalty year after year is you get no bonuses... You get more love if you're new to them...

 

[Hammando]

I have had this card for like 10 years.

Rang them a few months ago and said I was going to cancel and get the Earth Black, because it had $40k sign on points and better visa earn and asked what they could offer me.

Rang me back and offered 40k points because I'd been there so long.

Win