Proposed new ANZ Adventures credit cards

[Pleb Status]

Has ANZ finally changed their online banking system to show CC authorisations in full like most other banks (CBA/NAB/BW/Amex etc)? This was one of the main reasons I dumped the ANZ Black early as it was difficult to track your spend on the card.

 

[theblank]

No one has spoken much about the insurance side of this product.

because there is nothing unique about the insurance on this product. Every platinum card has this, and they are mostly the same. Though Payout limits do vary.


if you are wanting to get such a card for the rental vehicle excess only, there is likely cheaper options, like NAB.

 

[Deleted member 29185]

if you are wanting to get such a card for the rental vehicle excess only, there is likely cheaper options, like NAB.

Which NAB product? I have the NAB Velocity Rewards Premium, but there appear to be two problems with that offer...
1) Must spend $500 of the trip on the card (My spend is on VA where I can get 3x VA points by using the Velocity AMEX, Hilton where I can get 2x VA points by using Velocity AMEX and hire car each way. My OS flights are paid for by others. The advantage of this ANZ would be the excess insurance does not seem to require that minimum spend on the card and gives up to $5000 cover.
2) The NAB velocity Rewards Premium also mentions excess insurance under the heading of "Interstate Flight Insurance Cover" however that requires 100% of the flight expense and I regularly require the cover intrastate, which means it's not suitable.

The ANZ cover looks far better than the NAB.......except for the 75% in AU requirement.

 

[Haplo]

I think it is a good card as the free flight more than covers the $225 annual fee. The only thing that beats it is the Platinum Edge due to supermarket earn rate (which racks up pretty quickly if you are in NSW and recharge opal at Woolworth)

 

[AdMEL]

Swanning_it, whilst I haven't read the t&c's of this card, it will likely be the same as other ANZ cards for rental car excess cover ... Just have a look at other posts (including by me) on the subject.

 

[AdMEL]

because there is nothing unique about the insurance on this product. Every platinum card has this, and they are mostly the same. Though Payout limits do vary.


if you are wanting to get such a card for the rental vehicle excess only, there is likely cheaper options, like NAB.

Totally incorrect!

They are few cards that offer domestic rental car excess cover that is useful! And they all have different terms.

As far as I'm aware, the only cards that offer useful domestic car excess cover are:

Westpac Black and some Platinum cards - $5,000 cover, with few exclusions

Amex Plat Charge - large cover, but must be 150 or 250 km from home.

ANZ Platinum/Black - $5,000 cover, but numerous exclusions, as mentioned above. Not sure it has been mentioned, but cover is void if things like single vehicle accident excess is payable. Also worth mentioning that there is no requirement to put rental on card, only to hold card.

CBA also have cover but virtually useless, as the amount is too low (something like $1,250, or $2,000) and can only be a limited type of vehicle (sedan, hatch and possibly another type or two, but excludes things like 4wds).

Not sure about NAB.

 

[Deleted member 29185]

I think it is a good card as the free flight more than covers the $225 annual fee. The only thing that beats it is the Platinum Edge due to supermarket earn rate (which racks up pretty quickly if you are in NSW and recharge opal at Woolworth)

I see this card as being useful for my +1. She has dropped to VFF red now (as her flights pool to me so I can maintain VA and QF status) and most of the time she flies with me, so gains the FF benefits anyway, however on the times she does not, this card (and her AMEX edge) will give her lounge access, with the benefit of having a complementary return flight (which she would normally pay for anyway) plus the 0% foreign exchange fee for our O/S holidays. It's hard to see the downside....except perhaps precluding her from future point bonuses.

Swanning_it, whilst I haven't read the t&c's of this card, it will likely be the same as other ANZ cards for rental car excess cover ... Just have a look at other posts (including by me) on the subject.

For some reason I cannot explain, the AFF search function does not work for me while I'm in PNG. Thanks for the tip and I'll do a search for those posts when I return to AU. I'm pretty convinced the requirement to be in AU for at least 75% of the year previous to a claim, effectively rules this insurance out for me. I am thinking though, that if my wife has the card, the insurance may then apply to me as the spouse, for the times we travel together....but maybe not, I'll have reread the Ts&Cs.

As far as I'm aware, the only cards that offer useful domestic car excess cover are:
Westpac Black and some Platinum cards - $5,000 cover, with few exclusions
Amex Plat Charge - large cover, but must be 150 or 250 km from home.
ANZ Platinum/Black - $5,000 cover, but numerous exclusions, as mentioned above. Not sure it has been mentioned, but cover is void if things like single vehicle accident excess is payable. Also worth mentioning that there is no requirement to put rental on card, only to hold card.

I'll add another, which I think is my saviour (funny I was considering cancelling the card). Really, all I'd lose in 0.5 points/$ by having to pay with the JQ card which gives 1point/$ rather than with the NAB Velocity AMEX which gives 1.5point/$ (I value QFF and VFF points as roughly equal).

JQ Platinum MasterCard.

I'd never really looked at this one before, but the hire car excess insurance seems almost perfect.
- up to $5000 cover
- $250 excess
- must pay the hire car rate with the JQ plat Mastercard in full
- cover for any damage within the terms of the rental agreement (which I read as meaning single vehicle accident is covered)
- no specified distance from home before cover starts
- covers both hirer and joint hirer
- no requirement for a minimum amount of time in AU in the 12months previous to a claim

 

[morfergus]

I was about to trade in my 28 Degrees for a Bankwest to earn some ponts on the significant spend for an upcoming OS holiday, while still avoid fees for OS transactions. Now this looks like a better option. Having not banked with ANZ before, can anyone advise whether you can set it up for automatic payment of the balance in full each month, like I do for the AMEX Platinum Edge?

This card aso appears to earn points for BPay transactions, which a number of others have now excluded. The transfer rate for Velocity seems on par with industry average but the KrisFlyer rate is unattractively lower. Anyone done any comparisons of booking travel direct through ANZ Rewards rather than transfer to a FF program? I know these are usually poor value but thought I would seek others' experience.

 

[Jeffrey O'Neill]

Which NAB product? I have the NAB Velocity Rewards Premium, but there appear to be two problems with that offer...

Check out the CBA cards. From what people at work were telling me they just ring up to say they are going away from X and return on Y date and they are covered. no minimum spend on the card.

 

[woodyren]

Having not banked with ANZ before, can anyone advise whether you can set it up for automatic payment of the balance in full each month, like I do for the AMEX Platinum Edge?
.

Yes you can. I just set one up with my ANZ CC to pay the full balance each month from my Commonwealth account. You need to print a form from their website and either mail or fax it. Cant be done on line.

 

[Deleted member 29185]

The transfer rate for Velocity seems on par with industry average but the KrisFlyer rate is unattractively lower.

I haven't compared against the ANZ travel agency, but for KF, it's actually better to launder through VFF than transfer direct into KF, how bizarre is that?

Check out the CBA cards. From what people at work were telling me they just ring up to say they are going away from X and return on Y date and they are covered. no minimum spend on the card.

Thanks, I'll have a look, but I seem to recall CBA being fairly poor with limits......car excess insurance of $2500 max or something like that IIRC, but I'll have a look regardless.

 

[bankevair]

Stuck between the new ANZ Rewards Travel card and the AMEX Platinum Edge card! Currently I have a basic ANZ rewards so am looking to change over to either one to maximise points - the two cards seem fairly similar but I am very new to this game.

Or perhaps I should go platinum edge for the first year and then swap over to ANZ after the first year fee-free period expires?

 

[thegeekinasuit]

Stuck between the new ANZ Rewards Travel card and the AMEX Platinum Edge card! Currently I have a basic ANZ rewards so am looking to change over to either one to maximise points - the two cards seem fairly similar but I am very new to this game.

Or perhaps I should go platinum edge for the first year and then swap over to ANZ after the first year fee-free period expires?

I'd call ANZ and see if you can convert the ANZ Rewards straight over to the Travel Adventures and also find out if there will be a reduced annual fee by doing this.

 

[theblank]

Which NAB product? I have the NAB Velocity Rewards Premium, but there appear to be two problems with that offer...

I have the same card but I dont see those as 'problems', whats no good for someone is good for someone else. If the product doesnt fit ones own personal circumstances, then find a better one!
If you are paying for your trip on Velocity Amex, then that also has rental car and interstate travel insurance. Though my observation, is that the AMEX insurance is not as good across the board.

 

[Colin 2905]

Has ANZ finally changed their online banking system to show CC authorisations in full like most other banks (CBA/NAB/BW/Amex etc)? This was one of the main reasons I dumped the ANZ Black early as it was difficult to track your spend on the card.

No, unfortunately.

 

[Deleted member 29185]

I have the same card but I dont see those as 'problems', whats no good for someone is good for someone else.

Yes, that's entirely true, however the limitations of the NAB insurance with specific reference to car excess insurance (which is specifically what you were responding to) is pretty useless to anyone looking for a broadly applied car excess insurance. Many people in this situation want the excess insurance to apply to intrastate hires as well. ANZ does that but unfortunately rules me out due to other considerations, but NAB (and AMEX) would rule out everyone who want intrastate insurance.

But you were certainly correct in what you said about cheaper options. The JQ MasterCard is a cheaper option (and one that I already have) to which I thank you for the input. These discussions often result in great results, even if not the product initially discussed.

 

[Deleted member 29185]

Check out the CBA cards. From what people at work were telling me they just ring up to say they are going away from X and return on Y date and they are covered. no minimum spend on the card.

Thanks, I'll have a look, but I seem to recall CBA being fairly poor with limits......car excess insurance of $2500 max or something like that IIRC, but I'll have a look regardless.

I just had a quick glance at CBA premium cards and it appears the car excess insurance is limited to $2250. Not a viable replacement for real insurance in my estimation.

 

[AdMEL]

Has anyone actually received an approval for this, or any other ANZ credit card, within 60 seconds? Or just 'we're currently reviewing your information'?

 

[theblank]

Yes, that's entirely true, however the limitations of the NAB insurance with specific reference to car excess insurance (which is specifically what you were responding to) is pretty useless to anyone looking for a broadly applied car excess insurance. .

I dont really understand why NAB is insurance is useless, I think everyone understands there is an expectation to pay for the trip (particularly flights) on the relevant card to avail of the insurance. There are very few exceptions to this (two I know of). Not to mention, Nab Hire car payout is $5000 which is more than the other cards I have (Citibank and Amex)

 

[Deleted member 29185]

I dont really understand why NAB is insurance is useless, I think everyone understands there is an expectation to pay for the trip (particularly flights) on the relevant card to avail of the insurance. There are very few exceptions to this (two I know of). Not to mention, Nab Hire car payout is $5000 which is more than the other cards I have (Citibank and Amex)

I made that comment in reference to the hire car excess component simply because for a card insurance to be seen as an acceptable replacement to an annual multitrip policy, all situations have to be covered. The big killer for NAB is the lack of intrastate car excess insurance, which means the card may be OK for some situations, but not as a replacement for a stand alone multitrip policy. The rest of NABs insurance may be fabulous. I think reviewing different policies is also good. For me, AMEX might be suitable for the travel component, simply because I want to pay most of my flights and accommodation with AMEX Velocity (3 points/$ for VA flights and 2 points/$ for accommodation) and NAB might be OK, or even better, but the point earn would drop to 1.5 points/$ for both, but I can't comment on the appropriateness of either as I haven't even begun to compare the travel components. I'm guessing there is also no real problem in relying upon different cards for different components.....for example, AMEX may be OK for the travel component, whilst JQ beats it all hands down for the car excess component.