Review of the American Express Airpoints Credit Card
When it comes to credit cards, there’s no such thing as a free lunch. If you want the good stuff – the features and rewards – you have to pay for the privilege with an annual fee. But, what’s this? It seems to be a genuine rewards card that charges no annual fee, ever.
Yep, that’s exactly what the American Express Airpoints Card is. In fact, it’s the only credit card in New Zealand with no annual fee that earns Airpoints. And if that wasn’t enough, the card also has a great introductory offer of 0% p.a. on purchases for the first six months, plus 50 bonus Airpoints Dollars™ on sign-up.
Want to know more? Let’s look a little closer.
What we love
One of the biggest drawcards of the American Express Airpoints Card has to be its no annual fee. In terms of other standard rewards cards that earn Airpoints, you’ve got the ANZ Airpoints Visa and the Kiwibank Airpoints Standard MasterCard both with an annual fee of $65.
As for platinum versions, such as the American Express Airpoints Platinum Credit Card, you’re looking at an annual fee of $195. Yes, the platinum cards offer more features, but we’re still pretty impressed with what the American Express Airpoints Card offers for that no annual fee.
First up, rewards. You can earn 1 Air New Zealand Airpoint for every $100 you spend on your card, so even your everyday spending starts building those points. As an intro offer, you also earn 50 bonus Airpoints Dollars™ when you spend $750 on your card in the first three months. On top of that, you can earn bonus Airpoints when shopping at airnz.co.nz.
The other awesome part to that intro offer gives you an interest rate of 0% p.a. on purchases for the first six months. This is ideal, say if you wanted to buy something big on your card and pay it off before that intro period ends. Bear in mind, you also get up to 55 days interest free on purchases for the life of the card.
Lastly, as it’s an American Express card, you can enjoy access to a range of AmEx features, such as easy account access, handy tools, an Online Fraud Protection Guarantee and Global Card support.
What’s not so great
At the end of the intro period, the purchase rate reverts to 19.95% p.a., so new purchases and any balance that has not been paid off will start accruing interest at that rate. To avoid this, you need to ensure all balances are paid off by the end of the intro period, and then pay off the balance of the card at the end of each month.
It’s also worth pointing out that this 19.95% p.a. standard rate is not all that bad compared to other rewards cards on the market. The ANZ and Kiwibank cards mentioned above currently attract 20.95% p.a. on purchases.
Why should you choose this card?
If you want to earn Airpoints on your everyday spending – without having to pay an annual fee – the American Express Airpoints Card is well worth looking in to. It has a great intro offer on purchases and points, and it allows you to earn a decent amount of points on an everyday basis.
If you want to increase your points-earning potential, you can earn points faster by giving trusted family members (who are over 18) supplementary cards. There’s no limit to the number of Airpoints you can earn, as long as your account is current and in good standing. Then, as long as you pay off the balance each month, you’re onto a pretty sweet deal.
Great rewards card for minimal payout in terms of annual fees. Take advantage of the intro offer and pay off the balance to avoid paying out in interest. Could definitely be a winner for the right type of cardholder.