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ANZ Business Rewards Options Visa

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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. If you apply by 15 December 2020, the account’s annual fee will be waived in the first year.

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


Product NameANZ Business Rewards Options
Rewards programANZ Business Rewards
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Purchase rate20.24% p.a.
Annual fee$0 annual fee for the first year ($200 p.a. thereafter)
Interest-free period40 days
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 annual fee for the first year ($200 p.a. 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

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She 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 15 December 2020. 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 by 15 December 2020 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.
  • 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, please check this page.


  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!

      Unfortunately free travel insurance is not included with the ANZ Business One credit card, although 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.

      To compare credit cards with free complimentary travel insurance and more please refer to this page.



  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.



  6. Default Gravatar
    December 8, 2013

    Does 1 reward point with the Business One Visa equal 1 Qantas frequent flyer point? Does 1 reward point with the same card equal 1 Velocity point? If not, what is the ratio?

  7. Default Gravatar
    December 5, 2013

    Hello, is there a business credit card that lets you earn frequent flyer points when you use BPay? I use BPay to pay for hundreds of thousands of dollars a year, mostly to ozForex.
    If not a business card, is there a personal card that allows business expenses?

    • Avatarfinder Customer Care
      December 5, 2013

      Hi, Whitney.

      Thanks for your question.

      Payments to foreign exchange services like OzForex are generally considered a cash transaction and will not be eligible to earn points. You can read up about earning points on certain transactions on this page.

      I hope this helps.

    • Default Gravatar
      December 6, 2013

      Thank you very much Jacob! That makes me feel better for not missing out on overseas holidays all this time.

      So only credit payments can earn points?

      I guess the card company needs me to use their own foreign exchange rate, to earn points.


    • Avatarfinder Customer Care
      December 6, 2013

      Hi Whitney.

      It’s your everyday purchases that will earn points. Cash transactions are considered an ineligible transaction. According to the terms and conditions, a cash transaction is defined as, ‘a foreign exchange, travellers cheque and gambling purchases, and utility bills paid in person at a bank or Australia Post.’

      I hope this helps.

  8. Default Gravatar
    November 27, 2013

    Can you explain the “Complimentary Travel Insurance” and what it covers

    • Avatarfinder Customer Care
      November 28, 2013

      Hi Betty.

      Thanks for getting in touch with us.

      This card offers complimentary transit insurance. This covers you for any covered accidents during any journey purchased with the card. The primary cardholder, spouse and any dependents are also covered under this policy.

      You can read up about transit accident insurance on this page.

      I hope this helps.

  9. Default Gravatar
    November 26, 2013

    Hi, I just wanted to re-confirm that if 1 partner in the business was to take out the business credit card, will the business then still be liable if the partner who applied for the card was to leave the business?


    • Avatarfinder Customer Care
      November 27, 2013

      Hi Linda.

      Thanks for your question.

      Whoever provides the guarantee for the card is liable. If it’s the business, then the business and directors are liable. If it’s a personal guarantee then the individual is liable.


  10. Default Gravatar
    October 16, 2013

    Hi can you please let me know if the personal liability is applied to the card?

    • Avatarfinder Customer Care
      October 16, 2013

      Hi Lei.

      Thanks for your question.

      This is a business liability card. The business will be held responsible if one the account is in arrears.

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