ANZ Business Rewards Options Visa – Review

A credit card that allows your business to earn unlimited reward points.

Your everyday business expenses turn into reward points when you use the ANZ Business Rewards Options Visa. You can earn unlimited reward points that will let you access a wide range of products to redeem, including gift cards and frequent flyer points.

If you aren’t interested in rewards, the ANZ Business Low Rate is another credit card to consider. Offering competitive, consistent rates for both purchases and cash advances you can have better control over your businesses finances.

Product NameANZ Business Rewards Options
Rewards ProgramANZ Business One Visa Rewards Program
Purchase rate (p.a.)20.24% p.a.
Annual fee$200 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 40 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Minimum Monthly Repayment2% or $10, whichever is greater
Card TypeVisa
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Annual Fee$200 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$35
Over Limit Fee5% of the overlimit amount, to a max of $50/monthly statement
Cash Advance FeeThe greater of $1.50 or 1.50% of the Cash Advance amount plus any ATM Operator Fee
Overseas Cash Advance FeeThe greater of $1.50 or 1.50% of the cash advance amount
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingNo
Internet Banking TransfersNo
In BranchYes
MailYes

Pros

  • 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.

Cons

  • This card charges a relatively high annual fee of $200.
  • There will be a charge of per additional card.
  • It only gives you up to 40 days interest-free on purchases for this card, as opposed to most cards with 55 days.
  • There is no introductory offers on purchases and balance transfers.
Rewards ProgramANZ Business One Visa Rewards Program
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapN/A
Points Expiry36 months

ANZ Business Rewards Options Visa review

The ANZ Business Rewards Options Visa gives you the choice of a variety of frequent flyer programs to redeem your points. Consider these options carefully as some may incur additional fees in order for you to become a member.

This is a break-even rewards program, giving you 1 reward point for every dollar you spend. You can maximise the rewards points earned by allowing key employees their own cards linked to your business account. Their business purchases are applied to your rewards program, earning you even more points to redeem.

Benefits of using a ANZ Business Rewards Options Visa

  • Frequent flyer points. You have the ability to redeem your reward points for flights with some of the leading airlines serving Australia. These include Qantas Airlines, Air New Zealand, Cathay Pacific and Singapore Airlines. The cost of your business trips can be drastically reduced when you purchase flights with your reward points.
  • Shopping points. You may also use your reward points towards gift cards and vouchers from many leading retailers as well as ANZ cashback or Visa gift cards. Stock up and save on small tokens of appreciation that your clients will actually use. Or use those cards to make purchase that will help grow your business.
  • Additional cards. Additional cardholder’s spending is controlled by a cap you set. Allow your company to earn even more points with employee spending without worrying about breaking your budget.
  • ANZ Falcon. Security for your credit cards around the clock. This special feature from ANZ works around-the-clock monitoring of your card and alerting you to any suspicious activities.
  • Unauthorised Transactions Insurance. This complimentary insurance protects your company from any fraudulent use of the credit account. Your business is covered for up to $37,500 per card and $200,000 yearly for your entire account.
  • 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 Business Rewards Options features

Besides the extensive rewards program offered with this card, you are entitled to competitive interest rates with interest-free days, plus the worldwide acceptance of the Visa logo.

  • Purchases. The interest rate charged for purchases is 20.24% p.a.
  • Cash advances. You have the ability to withdraw cash from your credit card. These cash withdrawals are subject to an interest rate of 21.74% p.a.
  • Interest-free days. So long as your account is in good standing and the closing balance paid at the conclusion of each statement period, your purchases are interest-free for up to 40 days. Interest-free days will not apply to cash advances made with the credit card
  • Credit limit. The minimum credit limit for the ANZ Business Rewards Options card is $1,000.
  • Annual fee. Your account will be charged $200 per year so long as it is active.
  • Additional cardholders. You can add cardholders to your account at no cost and limit the amount of credit they are allowed to use during a set period.

How to apply for the ANZ Business Rewards Options Visa

As this credit card is intended for use in a business, there are certain eligibility requirements that will need to be met before an application can be considered:

Eligibility criteria

  • Business requirements. As an applicant, you must be acting on behalf of a business that is currently in operation in Australia. The business may be a company, partnership or sole trader. Trusts, associations and co-operatives may also apply.In all cases other than sole proprietorship, a minimum of two partners or directors should be included on the application. In the case of a company, the application will be made following the company’s guidelines.
  • Your requirements. You must be authorised by the business to open an account on their behalf.
  • Age. As the spokesperson for the company it is your responsibility to ensure that all cardholders are at least 18 years old, including yourself.
  • Residency. You must also ensure that any other partner or director applying for the account is a permanent resident of Australia.
  • Card use. You must be willing to agree to use this card predominantly for business purposes.

Required documentation

Please have the following documentation ready:

  • Business name. The registered business name as well as the number will be required. You will also need to provide the address and details of how the business is structured.
  • Other accounts. Details regarding all other banking accounts, including those you may have with ANZ. This should include the type of banking facility, nature of the account and its purpose.
  • Personal details. The details of each applicant will be required. This will include all contact information as well as assets and liabilities of each. If additional cards are to be issued, the same information will be required for each of those cardholders.

It is important to note that all applicants should be present when filling out the online application. This could take anywhere from 10 to 20 minutes to complete. ANZ can give you a response within 60 seconds and you should know within seven to 10 business days if ANZ has approved your application.

Consider your business needs carefully when looking at credit cards for your business. Banks and card providers offer a variety of different cards that have special features which may be more beneficial for your business.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

28 Responses

  1. Default Gravatar
    DesireeFebruary 9, 2017

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

    1)Qantas
    2)Virgin Australia
    3)Singapore
    4)Cathay

    • Staff
      AnndyFebruary 10, 2017Staff

      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.

      Cheers,
      Anndy

  2. Default Gravatar
    RyanApril 1, 2016

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

    • Staff
      SallyApril 6, 2016Staff

      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.

      Cheers,

      Sally

  3. Default Gravatar
    mattJanuary 30, 2016

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

    • Staff
      JonathanFebruary 1, 2016Staff

      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.

      Cheers,

      Jonathan

  4. Default Gravatar
    SueDecember 27, 2015

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

    • Staff
      SallyDecember 29, 2015Staff

      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.

      Cheers,

      Sally

  5. Default Gravatar
    TomDecember 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?

  6. Default Gravatar
    WhitneyDecember 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?
    Thanks
    Whitney

    • Staff
      JacobDecember 5, 2013Staff

      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
      WhitneyDecember 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.

      Thanks
      Whitney

    • Staff
      JacobDecember 6, 2013Staff

      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.

  7. Default Gravatar
    BettyNovember 27, 2013

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

    • Default Gravatar
      BettyNovember 28, 2013

      Would the travel insurance cover the reduction of the insurance excess if a hire car was involved in an accident.

    • Staff
      JacobNovember 28, 2013Staff

      Hi Betty.

      This card does not offer complimentary international travel insurance, like other premium credit cards. This card has cover for transit accident insurance. Rental vehicle excess is not an included benefit within this policy. You can find out more about credit cards with rental vehicle excess cover on this page.

      Thanks for your question.

    • Staff
      JacobNovember 28, 2013Staff

      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.

  8. Default Gravatar
    LindaNovember 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?

    thanks

    • Staff
      JacobNovember 27, 2013Staff

      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.

      Cheers.

  9. Default Gravatar
    LeiOctober 16, 2013

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

    • Staff
      JacobOctober 16, 2013Staff

      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.

  10. Default Gravatar
    ianOctober 14, 2013

    1/ Do you have a cap on frequent flier points per year?
    2/ Can you pay business accounts using the card?
    3/ Do you get 1 Qantas Point per $1 spent?
    4/ What is your credit limit?

    • Staff
      JacobOctober 14, 2013Staff

      Hi Ian.

      1) There is no points cap with this product.
      2) You can use this card to pay your business accounts, you will earn points on these transactions.
      3) This card allows you to earn ANZ Rewards Points, you can transfer these points to a number of frequent flyer programs, you can find more about this topic on this page.
      4) The credit limit is assigned based on the applicant’s financials. You can elect to get the maximum credit limit available when you apply for the card.

      Thanks for your questions.

Credit Cards Comparison

Rates last updated November 18th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question