ANZ Balance Visa Credit Card Review

Information verified correct on February 21st, 2017

Earn rewards points as you repay your balance and save with interest-free days on purchases with the ANZ Balance Visa.

Important Information

The ANZ Balance Visa card is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.

You can compare the current range of ANZ credit cards here.

It's Australia's only credit card to reward you for reducing your balance. See how this card compares to other Rewards Credit Cards and other ANZ Credit Cards.

ANZ Balance Visa Credit Card review

Earn 1 Reward Point for every $1 you repay to your balance. You also get the option to choose how often and what you would like to be rewarded - Cashback, Shopping Vouchers or Gift Cards every 3, 6 or 12 months.

Benefits of ANZ Balance Visa Credit Card

  • 1 Reward Point for every $1 you repay to your balance. ANZ Balance Visa rewards you for every dollar you repay on your balances. That includes repayments on the outstanding balances you transfer from non-ANZ credit cards, your regular credit card spending, and interest and fees on your ANZ Balance Visa. You even earn Reward Points for repayments on cash advances and cash equivalent transactions, such as traveller's cheques.
  • No Reward Points capping. Unlike other credit cards, there is no limit to the number of Reward Points you can earn with ANZ Balance Visa. The more you repay, the more Reward Points you earn. It's that simple.
  • No Reward Points expiry. Your Reward Points will not expire as long as you have your card account. You can redeem them as they accumulate, or you can save them up for as long as you like to give yourself a special treat.
  • Up to 55. Every time you make a purchase with ANZ Balance Visa, you could enjoy up to 55 days interest free on your purchases (excluding cash equivalent transactions and balance transfers).
  • Earn more Reward Points by transferring your balances. If you have credit or store cards with other financial institutions, transfer your balances to your ANZ Balance Visa and you can earn Reward Points on your repayments.
  • Mobile payment technology. Apple Pay, Android Pay and ANZ Mobile Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.

ANZ Balance Visa Points redemption

  • Cash back

Your points can be redeemed for cash back to your card (this transaction is not eligible to earn points). Just like with vouchers and gift cards you can set up your account to redeem these points manually, annually, periodically, or based on reward value. Just think, you could set it up so that each year right before your birthday your cash back rewards are credited to your account. That would make a nice gift to yourself wouldn't it?

  • 10,310 points - earns $50 cash back
  • 20,620 points - earns $100 cash back
  • Shopping Voucher And Gift Cards

The other way to redeem your rewards points is to get shopping vouchers and gift cards with them. You can use these to buy something for yourself or for someone else. You can even give the cards to someone as a gift, they will never know that you paid for it with points.The cards come in several different increments so you can choose whether to save up a bunch of points for a big purchase or get smaller denomination cards with less points. The variety of this program is one of the things that makes it great. If you do not spend much on your card, you still have the chance to earn points, if you spend big you simply get more points back. There is something here for every type of spender.

  • 50,000 points. This is a lot of points, so with them you can get one awesome Samsonite Savio Large Laptop Briefcase, or split it up for several smaller gift cards.
  • 24,000 Points. Jamie Oliver Tefal Pro 20cm pan
  • 22,000 Points. Laser Speaker iPhone/iPod Dock
  • 20,000 Points. $100 gift card from David Jones, Myer, Kmart, Harvey World Travel, Bunnings, Dymocks, Rebel Sport or Barbeques Galore.
  • 11,000 Points. Caltex StarCash Gift Card
  • 10,000 Points. $50 gift card from David Jones, Myer, Kmart, Target, Harvey World Travel, Bunnings, Dymocks, iTunes, Rebel Sport or Barbeques Galore
  • 5,000 points. $25 Prouds the Jewellers gift card
  • 4,000 points. $20 gift card from Westfield, Myer, Rebel Sport or Barbeques Galore

With the ANZ Balance Visa it is easy to check the status of your points. All you have to do is log on to their website to see how close you are to your next big reward. They also issue rewards statement two times each year.

Keep in mind that these points are not earned by spending, the are earned when you pay on your balance. Many cards disallow certain types of purchases from their points program. Not with the ANZ Balance card. When you pay back your balance, whether it is on cash advances or cash equivalent transactions like buying traveller's cheques you are still earning points. The only time you will not earn points is when you redeem your points for cash back, that transaction is not eligible. Otherwise the amount of points you can earn is virtually limitless.

ANZ Balance Visa Credit Card features

Now that you know all about how to earn points with the fabulous ANZ Balance Visa you probably think that is all there is to this card, but that is not all. Owners of this card also gain access to valuable additional features and optional features for your own personal needs.

  • Visa Entertainment. If you want the best seats in the house, then this free program will suit you nicely. You get exclusive offers like pre-sale tickets to entertainment events. Everything from concerts, to theatre, to dance, and exhibits are available through this program. All specially designed for Visa customers to beat the rush and never have to wait in line for tickets again.
  • Designer card. You can design your own card by loading your own picture to it. It can be of you, your family, your dog, your favourite place, whatever you want to see every time you swipe your card. You can even choose from the ANZ Balance Visa library of images to make your card one of a kind.
  • Replacement services. No matter where you are in the world Visa can replace your card right away if it is lost, stolen, or damaged. Help from one of their friendly and professional customer service representatives is just a phone call away any time of day or night.
  • Secure sentinel. If you want added protection to your credit card you can purchase this service for it. It provides a range of services including emergency cash and lost passport assistance for a small annual fee of $44 for a single cardholder and $66 for a family.
  • eDine. The eDine program is an online dining and leisure perks scheme that gives you access to savings at more then 1,500 restaurants, and more then 1,000 hotels and attractions in Australia and New Zealand. Once you are a member you can easily download the discount vouchers to take with your when you travel or go out for dinner. These vouchers give you 20% off your bill at participating restaurants and 50% off the rack rate at hotels and resorts or 10% off (selected) promotional rates. It is open to all ANZ cardholders for a cost of only $35 per year.
  • ANZ Wine Club. For those who like the best wines in the industry at the best prices, the wine club is a perfect addition. You get regular newsletters and mailings with special offers and discounts. You also gain access to trained wine experts to help you choose and enjoy wines. This program also provides at home delivery and a money back guarantee on all orders.
  • ANZ Car Rental Cover. If you have ever had a near miss in a rental car you know how important it is to have great cover on them. The ANZ offers great coverage with an excess of $350 and a maximum liability to you of $2,050 for just $24 a year. Most rental car companies charge between $20 and $30 a day for less coverage. As an ANZ Balance Visa cardholder you get better cover for less cost.

Compare more ANZ credit cards here

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6 Responses to ANZ Balance Visa Credit Card Review

  1. Default Gravatar
    Bill | January 26, 2016

    Can points earned from a ANZ Balance Visa Credit Card be converted to velocity frequent flyer points and if so at what conversion rate?

    • Staff
      Jonathan | January 27, 2016

      Hi Bill, thanks for your inquiry!

      Unfortunately the ANZ Balance Visa is excluded from frequent flyer point transferring with rewards points, since only ANZ Rewards credit cards (ANZ Rewards, Platinum, Black) allow this feature. You can compare these credit cards on the main ANZ credit card page.

      Cheers,

      Jonathan

  2. Default Gravatar
    Sherri | March 30, 2015

    I receive $18,000 from Centrelink as I am on a Disability Payment. My Husband also earns $18, 000 per annum as he is on a Disability payment as well. I am looking to change cards to catch up on paying off my Credit Card, with a 0 percent for a certain time to do so. I am currently paying nearly triple on my existing card, a great credit history. Though no job. Would you be able to help me?

    • Staff
      Jonathan | March 31, 2015

      Hi Sherri, thanks for getting in touch with us.

      Please note that finder.com.au is a comparison service and is not directly affiliated with ANZ. It would be best to speak directly to a bank either through their customer service centre or local branch so they could best advise on your options. Please see the following link for a list of balance transfer credit cards.

      Cheers,

      Jonathan

  3. Default Gravatar
    | January 13, 2015

    Can I swop my existing ANZ credit card to this card?

    • Staff
      Jonathan | January 13, 2015

      Hi Louise,

      Thanks for your question,

      To change your credit card:
      - log onto ANZ internet banking
      - Go to the “View Accounts” landing page, which is the first page you see when you log on to ANZ Internet Banking. If you cannot locate it, go to the “Accounts” menu and select “View Accounts”
      - Select your credit card account by clicking on the account name
      - From the “Account Overview” page, click on the “Change your Credit Card type” link and follow the steps below.

      I hope this helps!

      Cheers,

      Jonathan

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