ANZ Platinum FF Points being capped??

[SYA1602]

Yeh, had it for about four years, and yes the same as you, I am yet to receive notification. Just hoping I get awarded the 20k+ QFF points which I am supposed to get in this current billing period.

i kinda hoping they will surprise me with a free black upgrade...

 

[Nizar]

i kinda hoping they will surprise me with a free black upgrade...

Yeh that would be nice. But yeh if they don't "surprise me", I'll just cancel the card. I've had a look around and might go with the citibank select and Amex plat edge combo and ditch this one.

 

[opusman]

I got home to my letter. Capped to $6000 worth of spending per card per statement period (this is the platinum card). .5pts/$ on Visa, 1.5pts/$ on Amex, so "up to" 144000 points per year.

Will be calling ANZ next week sometime to see if they'll switch me to Black at the same price, otherwise I will cancel.

 

[Buzzard]

I have a plat card for 5 years now, but somehow i haven't received notification letter yet...anyone in a similar situation???

I got home to my letter. Capped to $6000 worth of spending per card per statement period (this is the platinum card). .5pts/$ on Visa, 1.5pts/$ on Amex, so "up to" 144000 points per year.

Will be calling ANZ next week sometime to see if they'll switch me to Black at the same price, otherwise I will cancel.

Have not received my letter yet and had the Platinum card for quite a few years.
Was thinking about calling up for the black too so will be interesting to hear how you get on.

 

[kamchatsky]

Also received the letter. I may end up cancelling it ...

 

[airbound]

I received my letter today.

My entry-level card used to earn 1.25 points per dollar spent on the Amex (uncapped, I think) and 1 point per dollar spent on the Visa, up to $1,500, then 0.5 points per dollar thereafter. The new rates are 1 point per dollar spent on the Amex (up to $3,000) and 0.5 points per dollar spent on the Visa (up to $3,000).

I don't have an enormous spend, particularly compared to some, but have calculated, based on my previous 12 statements, that my yearly earn will drop from 32,300 points to 23,200 points, a reduction of 8,800 point per year (or 28%).

It is the changes to the earn rates, rather than the caps, that affect me most.

Time to explore some other options, perhaps.

In a small way, though, this is restoring the balance between spend earning (which increases with inflation) and flight earning (which remains constant, but for changes to the flight earning tables). I have previously commented on the problems posed by the two fundamentally different bases on which points can be earned and noted that program changes are periodically required to maintain balance and sustainability: see http://www.australianfrequentflyer....ram/how-safe-my-qf-ff-40475-3.html#post630250

 

[Buzzard]

I too received my letter today. Rang ANZ and have converted my 2 cards into 1 Black card with the credit limits combined. It will take about 2 weeks to happen. Sure the fee is $425pa but given the points I would lose it's worth it for me. The person I spoke with told me there have been quite a few similar requests. I should add that I made it clear that I would close all my accounts if I wasn't offered the Black.

 

[opusman]

I should add that I made it clear that I would close all my accounts if I wasn't offered the Black.

Surely the goal is to be offered the black at the same price as the platinum?

 

[Flying Fox]

If I remember correctly, many years ago ANZ did something similar with the QF ANZ Telstra Rewards card. They halved their point earn overnight. I called to cancel my card and the lady in the call centre tried to keep me but acknowledged my point and said that she was stuck in a similar position herself.

And hence I cancelled my card during that call.

History repeats itself.

 

[Mumfreqflyer]

Got my letter in the mail today as well :/

Not impressed so I'll call tomorrow and see what they offer! My spend is quite a lot each month so this cap is really going to affect me!

 

[Limewood]

Had ANZ Plats for many years, we have separate card card accounts, so toto of 12K is fine for us, not heard anything about capping with statements this week, maybe not all cards are affected?.

 

[Buzzard]

Surely the goal is to be offered the black at the same price as the platinum?

For the amount of points I earn $425 is well worth it to me. And if you sell the 2 lounge passes the card is only $325, similar to the Platinum.

 

[lastrow]

Like others I received my letter from ANZ dated 12 September 2014.

ANZ Visa - the points earn is 0.5 points for every dollar up to a max of $6k per statement period.
ANZ Amex - the points earn is 1.5 points per dollar up to a max of $6k per statement period.

There are a number of different Amex cards in circulation, mine is an ANZ frequent flyer American Express card coloured black.

I have been concentrating on using my Visa up to now (Platinum) however I will now change where Amex is accepted. Some retailers don't accept Amex or you have to pay an additional add on to cover the increased Amex vendor fee.

One important point though - I use my Visa Platinum for travel insurance and for hire car insurance excess waiver, I don't think Amex has these features. Does this mean that I will have to keep my Visa current by using it?

 

[Sdtravel]

Got my letter this week. Very pissed. I got the anz ff plat as part of my loan package so I can't change it to the black

 

[lastrow]

Check with ANZ and Qantas. I think you might be able to get a black Amex card and you could use this in parallel with your Plat Visa.

ANZ sent me the Amex card without any prompting from me, it just arrived with a PIN number in a separate letter (which I changed).

 

[Sdtravel]

Called ANZ
I cant switch the Black for my Platinum in my loan package
i have the ANZ Break free package which only allows the FF Platinum and Black Rewards. It doesnt allow the FF Black
Would have been cool to get cause i would only have to pay the $55 rewards programme fee as i am now. Maybe in time they will add it..

 

[caltan82]

I'm yet to get any letter about points capping, is this only on the QFF card and not the ANZ Rewards card? I just got the card 2 months ago under the 50k points promo, and have been earning 75,000 points per month, so i will be affected by the cap... I don't want to find out after paying surcharge on an ATO bill that i didnt get the points.... does anyone have further info on this?

 

[Nizar]

I got the letter on Friday so went into a branch today and they were happy enough to lift my limit from 9k to 16k and move me over to the Black.

 

[BillytheFIsh]

I'm yet to get any letter about points capping, is this only on the QFF card and not the ANZ Rewards card? I just got the card 2 months ago under the 50k points promo, and have been earning 75,000 points per month, so i will be affected by the cap... I don't want to find out after paying surcharge on an ATO bill that i didnt get the points.... does anyone have further info on this?

Yes it seems to only be the "Frequent Flyer" Classic, Gold and Platinum QF-linked cards, not the ANZ "Rewards" cards, at least at this stage. My Mrs has the Awards platinum and no mention of capping on it yet.

 

[caltan82]

Yes it seems to only be the "Frequent Flyer" Classic, Gold and Platinum QF-linked cards, not the ANZ "Rewards" cards, at least at this stage. My Mrs has the Awards platinum and no mention of capping on it yet.

Great.... For now.