You may have heard about ANZ Bank’s Money Manager - if not, head here and read all about it. Basically, it is a personal finance tool to help you track & manage your finances. The way it works is that you supply your banks/credit cards username and passwords (hold on to that sinking thought…) and it seems to scrape the site & pull in all the transactions into a single place.
What you may not know though, is that you could also use this tool to also track your loyalty points across multiple programs worldwide So far, I have been able to add my Qantas, Velocity, IHG, Hilton Honors accounts & and it aggregates all my points (including individual transactions such as hotel stays) accrual across all the programs.
Now, I know many of you may feel uncomfortable sharing your login details with a 3rd Party site - it’s ok if you want to tune off now, but if you are intrigued you may want to consider the following (some points are slightly off-topic):
- The service is free (well, nothing is free; see last point) - you don't need to have an ANZ bank/credit card account.
- There are various other benefits like Spend Alerts, Expense Analysis etc which have proved quite useful to me - especially during tax time, but I'll let their website do the selling for you. While you are there, you may want to have a glance of what they do to "secure" your information
- Once an account is registered, all transactions are permanently stored & thus it provides the benefit of access to historical transactions . A lot of reward programs don't give you access to statements older than 90 days (AMEX Membership Rewards - I'm looking at you), so this may be a useful way to track your points accrual historically
- ANZ may very well be mining all your transactions (esp across other financial institutions if you choose to link a bank or credit card account) and could be using for some kind of insight or analysis - this is a privacy trade-off you need to consider if you want to make for sake of some convenience. As I said earlier - nothing is free! Consider this - every one of your credit card & frequent flyer transaction is up for sale to a buyer somewhere :-)
Again, to re-iterate this gives you a some convenience to look at reward accounts in a central place rather than having to log on to each reward site individually to track points. I personally use the site for managing my personal finance, and thus I get better insight for other accounts I manage there - your mileage may vary
P.S: If you found the tip useful, Please consider using my AMEX Referral Link to sign up for the AMEX Platinum Charge Card and you could receive a welcome bonus of 120,000 Membership Rewards® points when you’re approved! Plus, enjoy premium travel and dining benefits including applying for a free Platinum Edge/Reserve card which could give you a free domestic return flight in Australia.