Bank of New Zealand (BNZ) is set to end its GlobalPlus rewards partnership with Air New Zealand on 30 April 2015.
As a result, BNZ customers will not earn Air New Zealand Airpoints through spending on their credit cards.
Following the termination of the agreement, BNZ’s GlobalPlus products will no longer earn Air New Zealand related benefits, including Airpoints Dollars and Status Points.
Air New Zealand General Manager Customer Value Hamish Rumbold and BNZ Director Retail & Marketing Craig Herbison said that both the firms are developing alternatives for their customers.
BNZ director of retail banking & marketing Craig Herbison said: "From 1 May 2015, all GlobalPlus card customers will receive cashback, which means they can fly or buy as they choose, or use that to reduce their debt.
"Making the change as effortless as possible for our customers is our top priority, so we’ll be writing to all our customers shortly to outline the changes, depending on the specifics of their products."
Both the companies will inform their respective customers about the change and will advise them of their options.
BNZ said that its GlobalPlus customers can continue to use their GlobalPlus products as usual.
Meantime, Air New Zealand has selected Westpac New Zealand as its airpoints partner replacing BNZ, effective 1 May 2015.