Seeing that I am queen of freebies. After thousands of kroners of free stuff, I've sort of become almost a pro at getting free trips/free hotels and free upgrades and I am always on the hunt for that freebie. So when I heard that DNB (Norway's biggest bank and my main banking) and SAS was making a new collaboration whereby we get 20 Eurobonus points per 100,- kr we spend, I thought to myself wow, thats great! Thats 20% in comparison to my 1% I get now on Norwegian credit card.
But, after nearer review of the card, I found no reason to get it. And here is why;
1. Only applies to the DNB's "best" customers.
It only applies to DNB's SAGA and Private Banking clients. That's eliminating rather a lot of customers. But fair enough, according to them, by next year this the program should be open to all DNB's customer. I am not one of those loaded customers, but I know of a few who are.
2. You are being made to pay 99,- kroner a month.
Something the adverts fail to inform. So sly, so sly.
Uh, what? It wasn't before I started reading carefully that I found out that in order to join benefit from this, you'll be charge a monthly subscription of 99,- kroner a month. For an airline company that is struggling, this is blasphemy.
They are however compensating that by giving you an extra 12000 Welcome points. For a 12000 points, I can get myself a round trip in Norway.
Uh, how about no thanks. I usually am able to get a round trip for under 800,- kroner anyways.
3. Where can I go for my points
So, practical things aside, and by some odd chance you so absolutely want to get this card for reasons unbeknown to me, the most important questions boils down to what sort of free tickets/upgrades am I entitled to, and how much do I have to spend on it?
Seeing that this card only applies to the wealthy for now, and I assume their credit limit is roughly about 250,000 kroner, and given that they max is out.
0.20 x 250000 = 50 000 Eurobonus points.
For 50 000 Eurobonus points, I can get to EUROPE. Uh? What? Is this possibly the worst reward ever?
In addition to all that, this is not subtracting the fees and taxes AND that 1200,- kr a year "subscription" to this program.
Essentially, I am to spend 250,000 kroner in order for me to qualify for a trip to Europe (From Europe?) Seriously, am I doing the math right? This cannot be true, for if it is, it would be a joke.
Fair enough, some people might say that the credit limit is not something that is static. You use and pay as you go, lets take that you use a 1 million on your credit card, that gives us
0.20 x 1000000 = 200 000 Eurobonus points
It would only get me 2 Economy tickets to (almost anywhere), with Star Alliance members.
I don't know about you, but I am someone who is able to use 1 million kroner in credit, I have to say I probably can afford to pay for those measly tickets.
The value not equal to the reward.
I didn't read anywhere as to how long those points are going to last, but like most loyalty cards they are banking on the fact that you don't spend those points. And this new SAS Eurobonus + DNB collaboration really sounds like one of those.
4. If the reward is bad enough for the rich and wealthy, where does that put us paupers?
I have a DNB Student account and with that includes a 25 000,- kr credit limit. I usually avoid spending anything on credit, but say I use up my 25 000,-
0.20 x 25 000 = 5000 Eurobonus points.
I think you know where I'm going with this. Thats just enough for a one way trip in Norway
4. It is essentially a credit card with rewards
There are more better credit card reward out there that also gives you Eurobonus points, Trumf is for example one of them. There is no need to particular reason go towards this option.
I used to be a big fan of SAS, I use to only fly SAS as I still think they train the best pilots.
So I am hoping there is something I am missing as to why this new reward scheme is any useful. So if someone wants to explain it, please.
My verdict : Stay away from this new collaboration. It's almost like a scam.
Do you like posts like this? Maybe next time I can write about the Norwegian Rewards and how only after about a year of gathering points, I am on my way to my first long distance free trip! Hello Florida, again. I'll most probably see you in the summer of next year!