What makes a good credit history

[Maccachic]

Sorry fees are $50 a year so I get to keep the balance of 1% of whatever I spend. Nice to get a little back when say you have a large car bill etc

http://www.nationalbank.co.nz/personal/product/cards/credit/thoroughbredcard.aspx

[One]

Thoroughbred visa from National bank I put everything thru it I can, have it set up to pay it off fully at the end of the month and at the end of the year I get 1% cash back

Us too. We put everything we possibly can through the card and get a nice payout back. Fees are low too.

Consumer did a report a while ago on cc reward schemes. This wasn't the highest return but it's sure the most convenient. And a lot cost you money!

On travel insurance from credit cards: you have to pay half your prebooked travel through the card. That costs - travel agents charge a few percent extra if you pay by credit card. On an expensive trip it adds up.

[Perry]

I suggest you get a credit card and use it often, but always clear the
balance within a month, but preferably every week.

Why on earth would you pay weekly, as opposed to in-full-every-month?
What's the (personal) rationale for that? I don't imagine the bank cares
if in-full-every-month was achieved once-a-month or weekly. Monthly
seems best, to me.

Us too. We put everything we possibly can through the card and get
a nice payout back. Fees are low too.

Consumer did a report a while ago on cc reward schemes. This wasn't
the highest return but it's sure the most convenient. And a lot cost
you money!

Huh? I thought they all cost money? (I presume you mean 'net' at the
end of the year. ) What's the 'most convenient' comment refer to?

I've opted for the one that delivers the best in airpoints quantity. (Not
Amex, though!) Last year, a bit over $40k. That's about $455 worth
of AirNZ travel, plus reduced Koru fees, by $145. No extra charge for
additional cardholders, either. So that's $595 minus $200 annual fee,
giving me a net benefit of $395 - roughly. (Not counting the travel
insurance in those figures, as it's not 'regular.')

All fees refunded if annual spend exceeds $60k/year. Ha! Wonder what
else I can put on the card? The 'convenience fee' charged for making
rates payments just might offset that. Must check!

On travel insurance from credit cards: you have to pay half your pre-
booked travel through the card. That costs - travel agents charge
a few percent extra if you pay by credit card. On an expensive trip
it adds up.

I haven't used a Travel Agent for a few years, now. I found them to
be not very good value, so I book it all myself, over the 'Net, now.

Thoroughbred visa from National bank I put everything thru it I can, have
it set up to pay it off fully at the end of the month and at the end of the
year I get 1% cash back (think you get .5% until you spend over $3000).

Fees are $50 a year so I get to keep the balance of 1% of whatever I spend.
Nice to get a little back when say you have a large car bill etc.

What sort of annual figure are we talking about? Irrespective, pay-in-full-
every-month is the way to go, alright.

[eri]

BNZ offers interest on credit on your credit card.

is that like a debit card?

[speights boy]

BNZ offers interest on credit on your credit card.

You sure they still do this Keys?

They certainly used to in ' the olden days'; as it used to be handy when traveling overseas.
One credit card for purchases, and one in credit for cash.
Now there are other options.

Thought BNZ stopped the credit interest a while back.

[Keys]

You sure they still do this Keys?

No, not sure. Not often in credit. However, this month I've been in credit a bit. Must check.

[One]

Huh? I thought they all cost money? (I presume you mean 'net' at the
end of the year. ) What's the 'most convenient' comment refer to?

I've opted for the one that delivers the best in airpoints quantity. (Not
Amex, though!) Last year, a bit over $40k. That's about $455 worth
of AirNZ travel, plus reduced Koru fees, by $145. No extra charge for
additional cardholders, either. So that's $595 minus $200 annual fee,
giving me a net benefit of $395 - roughly. (Not counting the travel
insurance in those figures, as it's not 'regular.')

Yeah, i meant net. For a lot of schemes, the extra fees were more than the value of the rewards.

About the convenience bit ... with a lot of schemes you have to do something to get the reward, like select your Fly Buys reward, or cash in your Airpoints. Admittedly, airpoints are pretty convenient, esp now you can top them up, but I hate, hate, loathe choosing stuff from a catalog like with Fly Buys.

With the National Thoroughbred card, they just credit your cc account once a year. Effort required: zero. "A bit over $40K" would get us about $350 net returned, so financially yours is a bit better, given you're putting that much on it.