Westpac launches first AirpointsTM earning debit card

7 October 2015
Westpac launches New Zealand’s first AirpointsTM earning debit card

Westpac has launched New Zealand’s first AirpointsTM earning debit card to complement its Airpoints earning credit cards and home loan offerings.

The new debit card works like an EFTPOS card, to draw funds directly from a customer’s transaction account (e.g. cheque account).

The Westpac Airpoints™ Debit MasterCard can be used online, over the phone and overseas with customers earning one Airpoints DollarTM for every $250 spent on the card. Customers will also receive a free Westpac PayTag®, the contactless payment sticker that allows customers to pay for items under $80.

The launch follows the highly successful introduction of four new Westpac Airpoints credit cards earlier this year which tens of thousands of Kiwis signed up for, including the country’s first Airpoints business credit card.

Shane Howell, Chief Product Officer, said Westpac has disrupted the Kiwi card market and would continue to look for innovative ways to reward customers.

“Think Airpoints, think Westpac. We have the widest Airpoints offering in the market – four credit cards including an Airpoints business card, as well as a home loan and now the debit card,” Mr Howell said.

“We have had excellent growth with the Airpoints programme and we expect that to continue with the debit card where customers, who prefer to pay with their own money, can still earn rewards.”

Existing Westpac customers will be the first to be offered an Airpoints debit card within Westpac One® online banking, while new customers can apply through their nearest branch. To earn Airpoints Dollars with the new debit card, customers will need an eligible personal transaction account with a minimum of $500 in total deposited each month.

ENDS

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