Example: Earning credit card rewards while making bill payments
Let's look at Annie's monthly expenses and how she can earn rewards for her regular bill payments:
- Entertainment streaming service: $47.00 per month ($564.00 per year)
- Gym membership: $80 per month ($960 per year)
- Health insurance: $400 per month ($4,800 per year)
- Home telecommunications and Internet: $200 per month ($2,400 per year)
- Electricity: $500 per quarter ($2,000 per year)
- Mobile phone: $100 per month ($1,200 per year)
She decides to get the ANZ Airpoints Visa card, which earns 1 Airpoints Dollar per $130 spent on eligible purchases. After checking and discovering there are no direct debit fees involved with Internet banking, Annie sets up her payments as direct debits from this account.
Over a year, Annie earns:
- Entertainment streaming service: 4 Airpoints Dollars
- Gym membership: 7 Airpoints Dollars
- Health insurance: 40 Airpoints Dollars
- Home telecommunications and Internet: 18 Airpoints Dollars
- Electricity: 15 Airpoints Dollars
- Mobile phone: 9 Airpoints Dollars
Total: 93 Airpoints Dollars per year
Based on current Airpoints Store pricing, Annie can exchange:
- 80 Airpoints Dollars for an NZ Life and Leisure Insiders Guide to NZ Collectors Annual 2021
- 90 Airpoints Dollars for Marley Little Bird In-Ear Headphones
- 80 Airpoints Dollars for a bottle of Grove Mill Pinot Gris 750ml
* This is a fictional, but realistic, example.