The bank has confirmed it is ending its rewards partnership with Air New Zealand from the end of April.
From May customers will receive $1 for every Airpoint they would have earned under the scheme.
BNZ Director of Retail Banking and Marketing, Craig Herbison, says borrowers can fly or buy as they choose, or use that to reduce their debt.
"This is about being good with money,” he says.
Herbison said GlobalPlus was ground-breaking when it launched almost two decades ago, "but our customers are changing and so are we. They’re looking for freedom of choice in the rewards and recognition they receive."
BNZ continues to provide customers with rewards through its partnership with Fly Buys.
