How to earn up to 2 points per $1 you spend and maximise the rewards you can redeem with ANZ Rewards.
The ANZ Rewards program allows you to earn and accumulate points on your ANZ rewards credit card. You can redeem these points for rewards like flights, travel packages, entertainment and experiences, gift cards and cash back. This guide will explain how to earn ANZ rewards, compare the rewards you can redeem and show you how you can maximise the value from your ANZ Rewards. We also weigh up the pros and cons to help you decide whether or not the rewards program is right for you.
ANZ Rewards Credit Card
The ANZ Rewards Black Credit Card lets you earn Reward points for purchases at ANZ’s highest earn rate. You can turn your everyday purchases into everyday rewards such as gift cards, frequent flyer points, travel, accommodation and more.
- $0 p.a. annual fee for the first year ($375 p.a. thereafter) annual fee
- 18.79% p.a. on purchases
- Cash Advance Rate of 20.99% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $75,000 p.a.
How can I earn ANZ Rewards?
With an ANZ Rewards credit card, you earn reward points for every dollar spent on eligible purchases. You can earn points on most everyday purchases except for cash advances and cash equivalent transactions, balance transfers, gambling, certain bills and government payments. The number of reward points you earn per dollar spent depends on your card and its earn rate. You can choose either Visa or American Express for your ANZ Rewards credit card and both options earn points at different rates. You can compare the earn rates and how many points you can collect with your Visa or American Express card below.
Comparison of ANZ Reward Credit Cards
When signing up for a new card, look for offers for bonus points that could help kickstart your points balance. You can usually only collect the bonus points when you meet a spending requirement, so make sure this requirement fits your budget and spending habits to get full value from the points.
The ANZ Rewards program recently launched the Bonus Points Mall. When you use your ANZ Rewards card to shop at any of the 40+ partnered retailers at the Bonus Points Mall, you can earn up to 10 points per dollar spent. Some popular partnered brands include David Jones, iTunes, THE ICONIC, Country Road and Wotif. To shop and earn bonus points, simply head to the Bonus Points Mall to see what’s on offer.
Redeeming ANZ Reward Points
You have plenty of options when redeeming your accumulated ANZ Reward Points. Since ANZ Reward Points expire after 36 months, be sure to spend yours or transfer them to your frequent flyer account within that time. You can compare the different ways you can spend your points below:
- Travel. From flights to accommodation, car rentals and even travel accessories, you could pay for your entire holiday with ANZ Reward Points alone.
- Frequent flyer. You can convert your ANZ Reward Points to Virgin Australia Velocity Points, Air New Zealand Airpoints Dollars, Singapore Airlines KrisFlyer Miles or Cathay Pacific Asia Miles. Minimum transfer amounts may apply at the following rates:
|Frequent flyer program||Exchange rate||Minimum transfer amount|
|Virgin Australia Velocity||2 ANZ Reward Points for 1|
|Air New Zealand Airpoints||3,000 ANZ Reward Points for 15|
|Initial minimum of 3,000|
and additional multiples of 1,500
|Singapore Airlines KrisFlyer||6,000 ANZ Reward Points for 2,000|
|Initial minimum of 6,000|
and additional multiples of 3,000
|Cathay Pacific Asia Miles||3,000 ANZ Reward Points for 1,500|
|Initial minimum of 3,000|
and additional multiples of 1,500
If you’d prefer to redeem all your points with one frequent flyer program in particular, you can opt into the auto-redeem program to have your ANZ Reward Points automatically transferred to the frequent flyer account of your choice.
- Flights. Apart from redeeming your points with frequent flyer programs, you can also use your ANZ Reward Points to book international and domestic flights through the ANZ website. For example, you can use your points for economy flights from Sydney to Melbourne starting at 18,000 points with Jetstar, 19,800 points with Virgin Australia and 26,180 points with Qantas. Visit the ANZ Rewards site to see where you can travel with your points and to book your flights.
- Hotels. Book your next hotel stay courtesy of your ANZ Reward Points via the ANZ website. All you need to do is enter the city you’re staying in, your preferred check-in and check-out date, the room type and how many rooms you’d like to book.
- Homeware. From knife sets and juicers to barbeques and handyman kits, use your ANZ Reward Points to pick up almost any item you’d need at home. Points pricing and available products periodically vary, but you can currently redeem a Sheridan Reilly king bed quilt cover set for 50,400 Reward Points or a Breville Boss To Go Plus Personal Blender for 62,600 points. You can browse the full catalogue on the ANZ Rewards website.
- Entertainment. Whether your idea of a good time involves curling up with a good magazine or jetting around the harbour, there are plenty of entertainment rewards to choose on the ANZ Rewards website. For those who prefer to relax, you could use your points for a magazine subscription to GQ, Donny Hay, Rolling Stone, Delicious and more. You could also use your points towards cinema ticket vouchers at Event Cinemas or Hoyts for your next movie night. Adventure seekers can enjoy a helicopter flight in Sydney or Melbourne, an Adrenalin V8 Car Ride or Sydney Harbour Bridge climb. If you’re looking to pick up a new hobby, you could also use your points to redeem a Nike Women’s yoga pack or a barista course voucher. These are just some of the options up for grabs, so check out the ANZ Rewards website for more.
- Vouchers, gift cards and donations. If you’re not exactly sure how you want to spend your points or if an item you want isn’t in stock in the rewards store, you can also use your ANZ Reward Points to redeem gift vouchers. ANZ Rewards offers gift vouchers with some of Australia’s most popular brands including Myer, David Jones, JB Hi-Fi, Bunnings, Westfield, Woolworths, Target, Kmart, iTunes and more. If you’d prefer to use your points to give back, you can also make donations to the RSPCA, UNICEF, Cancer Council and the Red Cross foundation.
- Cashback. If you wish to repay your debt and get your finances under control, you can also use your reward points to redeem cash back into your account. Cashback doesn’t always offer the best value for your points though as 25,000 Reward Points equals $100 back into your ANZ account.
How to redeem ANZ Reward Points
Redeeming your ANZ Reward Points is easy these days via any of these ways:
- Online. Once you’re ready to redeem your points, head to the ANZ Rewards site and sign in using your email and password. Then you can select the redeem tab and choose the type of reward you’d like to collect (such as travel rewards, cash back or fashion and beauty). You can compare your options, select your reward and click ‘add to cart’. Once you’ve finished, visit your cart and follow the prompts to redeem your points.
- Over the phone. You may also redeem your rewards over the phone by calling the ANZ Rewards Centre on 1300 367 763, Mondays to Fridays between 9am and 5pm.
- Auto-redemption. ANZ gives you the choice to manually redeem your points or to organise auto-redemptions every 3, 6 and 12 months. For example, you could nominate to have your ANZ Rewards automatically converted to Velocity points each quarter. If you’d like to do this, just select a reward, click the “set up auto-redemption” button and follow the prompts.
In the event you are short of the points required for a reward, you may also pay for the reward with a combination of points and cash. To view the “Points plus pay” option, simply shop available rewards on the website and click on the item you wish to redeem. You will be shown more details about the reward as well as the number of Reward Points or Reward Points plus pay needed for the item.
The pros and cons of the ANZ Rewards program
- Earn points while spending. This program lets you earn points for everyday purchases that you’d make anyway. As you can see from the table above, the higher your expenditure, the greater the value you will derive from your rewards card.
- Flexible rewards options. With a robust program like ANZ Rewards, you will be spoilt for choice when it comes to redeeming your rewards. There is something here for everyone, whether you’re a frequent business traveller or homemaker.
- Auto redemption. This option offers you the convenience of not having to make redemptions yourself and also eliminates the risk of your points expiring.
- Limited frequent flyer partners. While there are several frequent flyer programs partnering with the ANZ Rewards program, this means very little if yours isn’t one of them.
- Frequent flyer exchange rates. The exchange rates offered to convert your ANZ points into frequent flyer points are not ideal, and may pale compared to frequent flyer credit cards.
- Expiry. While 36 months isn’t a terribly short time, some programs do not impose an expiry period on rewards points earned.
As far as credit card rewards programs go, ANZ Rewards is a fairly attractive one with its gamut of redemption possibilities. When deciding if this is the rewards program for you, make sure you research and compare all other competing cards and card brands before choosing the one that will be most rewarding given your personal spending levels and lifestyle.
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