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The ANZ Rewards program gives you a way to earn points on your credit card spending, which you can use to get gift cards, cashback or travel rewards.
If you’re a member of a frequent flyer program, you can transfer ANZ Rewards Points to Velocity Frequent Flyer, Air New Zealand Airpoints, Asia Miles or Singapore Airlines KrisFlyer.
When you have an ANZ Rewards credit card, you’ll earn points per $1 on your eligible spending. But, depending on the card, the amount of points you earn is different:
| Credit card | Earn rate | Points cap (per year) |
|---|---|---|
| ANZ Rewards Travel Adventures | 1.5 points per $1 spent on eligible purchases up to 2,000 per statement period, then 0.5 points per $1 spent for the rest of the statement period. | No annual points cap |
| ANZ Rewards Visa | 1 points per $1 spent on eligible purchases up to 1,000 per statement period, then 0.5 points per $1 spent for the rest of the statement period. | No annual points cap |
| ANZ Rewards Platinum Visa | 1.5 points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 points per $1 spent for the rest of the statement period. | No annual points cap |
| ANZ ANZ Rewards Black Visa | 2 points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 point per $1 spent for the rest of the statement period. | No annual points cap |
Most everyday spending is eligible to earn points, including your groceries, petrol, dining out or even a doctor’s appointment.
But cash advances, balance transfers, gambling transactions and account fees are not eligible for ANZ Rewards Points.
If you don't have an ANZ credit card at the moment, getting one with introductory bonus points offer could give you thousands of bonus points for meeting a spend requirement. For example, 80,000 bonus points when you spend $4,000 in the first 3 months.
The bonus point offers on ANZ Rewards credit cards are only available for a limited time. Make sure to check before you apply to see if there's a deal that you want.
Take it further: The ANZ Bonus Points Mall gives you a way to earn extra points when you shop online with more than 70 Australian and international retailers. These offers are good, with some giving you between 5 to 10 bonus points per $1 spent.You can see the latest Bonus Points Mall details and any other offers on the ANZ Rewards website.
Rewards are how you get value from the points that you earn. You can start redeeming from as low as 1,250 points and you’ll generally get more valuable rewards when you have more points.
There are 3 main types of rewards you can get with these points:
| Airline loyalty program | Transfer rate | Minimum transfer (ANZ Rewards Points) |
|---|---|---|
| Velocity Frequent Flyer | 2 ANZ Rewards Points = 1 Velocity Point | 2,000 points |
| Air New Zealand Airpoints | 2,000 ANZ Rewards Points = 10 Airpoints Dollars | 2,000 points |
| Asia Miles | 1,500 ANZ Rewards Points = 500 Asia Miles | 3,000 points |
| Singapore Airlines KrisFlyer | 1,500 ANZ Rewards Points = 500 KrisFlyer Miles | 1,500 points |
There is no fixed value for these reward points because each reward has a different dollar value. This is the same with most reward programs that give you a choice of rewards.
But to give you an idea of the potential value, here are some examples of how much your points are worth for different rewards, based on the details from the ANZ Rewards website.
| Points needed | Reward | Reward value in dollars | Value per 1,000 points | Good for: |
|---|---|---|---|---|
| 22,225 | $100 Myer eGift card | $100 | $4.50 | Retail therapy |
| 22,500 | $100 David Jones physical gift card | $100 | $4.44 | |
| 40,000 | $160 cashback | $160 | $4 | Covering the cost of some shopping you’ve already done |
| 55,560 | $250 Flight Centre gift card | $250 | $4.50 | Your next big adventure |
Based on these examples, you would get between $4 and $4.50 value for every 1,000 ANZ Rewards Points redeemed. This gives you a value of 0.4 to 0.45 cents for each point you use. In this example, the gift cards would offer the most value while cashback would offer the least value.
Interested in other rewards? You can work out the value by dividing the dollar value of the reward by the number of points needed. You can also use our guide to calculating the values of reward points as a cheat sheet.
Always choose rewards that you want or need so you can at least save some cash. If there's nothing you want, just keep saving up points.
Or, if you’re active with a frequent flyer program, transfer them so you can put them towards flight rewards – which can offer more than $20 value per 1,000 frequent flyer points.
You can redeem your ANZ Rewards in a few steps:
You can also access your ANZ Rewards Points by logging in to ANZ Internet banking, selecting the account and then selecting "Rewards Points".
Have a question about a reward or your points balance? Call the ANZ Rewards Centre on 1300 367 763.
With any rewards credit card, there is a chance that the card's costs will outweigh the value you get from any bonus points, rewards and other perks. So here's what to think about before you apply.
Let's put these 3 tips into practice with the ANZ Rewards Platinum credit card.
What’s important to remember is that rewards can be a great way to get something extra out of having a credit card – for some people. And for other people, money-saving features can give them more value.
Pictures: Shutterstock
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