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ANZ Business Rewards Options Visa

Save with a $0 annual fee in the first year and earn rewards points as you manage your business spending.

The ANZ Business Rewards Options credit card offers additional cards for employees and up to 40 days interest-free on purchases. Plus, the account’s annual fee will be waived in the first year ($200 p.a. thereafter).

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20.24% p.a.

Purchase rate


Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($200 p.a. thereafter)

40 days

Interest free period

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Product NameANZ Business Rewards Options
Rewards programANZ Business Rewards
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Purchase rate p.a.20.24%
Annual fee$0 for the first year ($200 thereafter)
Interest-free periodUp to 40 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • $0 annual fee for the first year
  • Earn uncapped Reward Points on eligible purchases.
  • You can give employees their own cards with a predetermined spending limit to avoid overspending.
  • This card is covered by Falcon security system to protect your account information.


  • This card charges a relatively high annual fee of $200.
  • It only gives you up to 40 days interest-free on purchases for this card, as opposed to most cards with 55 days.
  • There are no introductory offers on purchases and balance transfers.
Rewards programANZ Business Rewards
Bonus pointsN/A
Rewards points per $ spent1
Annual fee$0 for the first year ($200 thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$35
Foreign currency conversion fee3%
Cash advance fee1.5% or $1.50, whichever is greater
Overseas cash advance fee1.5% or $1.50, whichever is greater
Additional cardholder fee$0

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The ANZ Business Rewards Option Visa gives you a way to keep track of business spending and earn rewards, with unlimited additional cards for employees and 1 point per $1 spent. While there is an annual rewards fee of $75 per card, this is waived in the first year if you apply by . This offer also waives the $200 annual fee for the account in the first year.

How to apply

You can apply for the ANZ Business Rewards Options Visa credit card online in 10 minutes. Before you apply, make sure you and your business meet the eligibility requirements and have the necessary information to complete the application:

Eligibility criteria

  • Eligible business. Applicants must be acting on behalf of a business entity operating in Australia. Eligible businesses include sole traders, partnership or company, trust, association or co-operative.
  • Authorised employee. You must be authorised to open an account on behalf of the business entity.

Card benefits

  • First year annual fee waiver. Apply for this card and you'll save $200 on the card's annual fee and $75 per card on the rewards fee for the first year. These fees will then be charged on the anniversary of your account opening each year. Please note ANZ may withdraw this offer at any time.
  • Earn ANZ Rewards. For a fee of $75 per card per year, you'll get 1 Reward Point per $1 spent on eligible purchases and 0.5 Reward Points for every $1 spent on taxation payments. You can redeem your points for merchandise, gift cards, travel or exchange them for Qantas Frequent Flyer Points, Velocity Points, Air New Zealand Airpoints Dollars, Asia Miles and Singapore Airlines KrisFlyer Miles.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $200 p.a. annual fee.
  • Purchase interest rate. Purchases will collect the 20.24% p.a. interest rate.

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  1. Default Gravatar
    January 30, 2018

    I have a business black Visa card but am being charged daily interest. What is the best ANZ product including rewards is suggested?

  2. Default Gravatar
    February 9, 2017

    What is the conversion ratio of reward points to each of these airlines:

    2)Virgin Australia

    • Avatarfinder Customer Care
      February 10, 2017

      Hi Desiree,

      Thanks for your question.

      The conversion rates from ANZ Business One Visa Rewards to a frequent flyer program are as follows:

      • Qantas Frequent Flyer – 2 Reward Points for 1 Qantas Frequent Flyer point
      • Velocity Frequent Flyer – Redeem multiples of 2,250 Reward Points
      • Singapore Airlines KrisFlyer Miles – Redeem multiples of 3,000 Reward Points for 1,500 KrisFlyer Miles
      • Asia Miles– Redeem an initial minimum of 3,000 Reward Points for Asia Mile, additional multiples of 1,500 Reward Points thereafter

      For more information about the transfer requirements, you can read our guide about transferring frequent flyer points.


  3. Default Gravatar
    April 1, 2016

    How do I attach an existing credit card to my new qantas frequent flyer points?

    • Avatarfinder Customer Care
      April 6, 2016

      Hi Ryan,

      If you’re using the ANZ Business One Visa Rewards credit card, you can’t directly link your Qantas account to the card. Instead, you’ll have to nominate your Qantas account when you choose to redeem your ANZ Rewards for Qantas Frequent Flyer points.

      Just make sure you have your frequent flyer account name and number handy when you’re redeeming points.

      I hope this has helped.



  4. Default Gravatar
    January 30, 2016

    Does the anz business one reward program offer free travel insurance (including cancellation to due to sickness) when redeeming flights

    • Avatarfinder Customer Care
      February 1, 2016

      Hi Matt,

      Thanks for your inquiry!

      While free travel insurance is not included with the ANZ Business One credit card, the following complimentary insurances are included:

      Company liability insurance.
      You will get the benefit of protection for your business from fraudulent misuse of your credit card account. Coverage of up to $37,500 for each cardholder and $200,000 for the entire account.

      Transit accident insurance.
      For trips purchased with the ANZ Small Business Visa Card, the cardholder and their family members are covered in the event of an accident during the trip for up to $250,000.

      You can visit our guide to credit cards with free complimentary travel insurance and compare covers based on the length of your trip, age and what’s required to activate the insurance.

      Please make sure to read the eligibility criteria, features and details of the policy, as well as the relevant Product Disclosure Statement of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.



  5. Default Gravatar
    December 27, 2015

    Who can use the Frequent Flyer points?
    Can we link separate frequent flyer memberships to the one account with two card holders?

    • Avatarfinder Customer Care
      December 29, 2015

      Hi Sue,

      Thanks for your question. Unfortunately, you can only link the card to one frequent flyer account. While additional cardholders can earn points with their purchases, all points will automatically transfer to the primary cardholder’s frequent flyer account.

      I hope this has helped.



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