ANZ Rewards

An ANZ Rewards credit card gives you points per $1 spent – here’s how it works and what your points are worth.

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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.

How to earn ANZ Rewards Points

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 cardEarn ratePoints cap (per year)
ANZ Rewards Travel Adventures1.5 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 Visa1 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 Visa1.5 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 Visa2 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

What are "eligible purchases"?

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.

Bonus point offers

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.

What rewards can you get with your points?

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:

  • Gift cards. Get a digital or physical gift card to spend with partnered brands like JB Hi-Fi, Woolworths Coles or Bunnings. The value depends on the gift card but, to give you an idea, you could get a $10 Woolworths WISH gift card for 2,300 ANZ Rewards Points.
  • Cashback You can use points to get cash back on your ANZ Rewards credit card, which helps lower the balance. With this reward, every 1,250 points gives you $5 back on your account. Just keep in mind that cashback doesn’t count towards your minimum monthly repayment – so check your statement to see what you still need to pay by the due date.
  • Point transfers If you’re saving up points for flights or other rewards with a frequent flyer program, you could transfer ANZ Rewards Points to Velocity Frequent Flyer, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Asia Miles. Point transfers have the following rates:
Airline loyalty programTransfer rateMinimum transfer (ANZ Rewards Points)
Velocity Frequent Flyer2 ANZ Rewards Points = 1 Velocity Point2,000 points
Air New Zealand Airpoints2,000 ANZ Rewards Points = 10 Airpoints Dollars2,000 points
Asia Miles1,500 ANZ Rewards Points = 500 Asia Miles3,000 points
Singapore Airlines KrisFlyer1,500 ANZ Rewards Points = 500 KrisFlyer Miles1,500 points

How much are ANZ Rewards Points worth?

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 neededRewardReward value in dollarsValue per 1,000 pointsGood for:
22,225$100 Myer eGift card$100$4.50Retail therapy
22,500$100 David Jones physical gift card$100$4.44
40,000$160 cashback$160$4Covering the cost of some shopping you’ve already done
55,560$250 Flight Centre gift card$250$4.50Your 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.

How to get the most value from the ANZ Rewards program

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.

How to redeem your ANZ Rewards Points

You can redeem your ANZ Rewards in a few steps:

  1. Go to and log in with your account details.
  2. Look at the rewards available and click on the one you want.
  3. Follow the prompts to redeem your points for the reward.

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.

How to decide if the ANZ Rewards program is worth it for you

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.

  1. Look at the cost of the card. The annual fee and the interest rate for purchases are the key costs. Ideally, you want an annual fee that is worth less than the value of your rewards.
  2. Ask yourself how much you'll use the card. The main way you earn points is by making eligible purchases with your credit card. If you don't earn enough points, getting rewards won't be worth it compared to the account costs.
  3. Think about whether the rewards are actually valuable to you. You can look at the rewards on offer through the ANZ Rewards website before you actually get a credit card. If there aren't any that excite you, then this probably isn't the rewards program for you.

Example: Working out if an ANZ Rewards Platinum card is worth it

Let's put these 3 tips into practice with the ANZ Rewards Platinum credit card.

  • Card costs. This card has a $95 annual fee and a 20.24% interest rate for purchases (outside of any promotions). To keep it simple, we’ll focus on the annual fee cost in this example, but remember to think about interest charges if you usually carry a balance.If you could earn 22,250 points in a year, you’d have enough for a $100 Myer eGift card that would cover this cost.
  • Yearly spending. Let's say we have an average yearly spend of $48,000 on eligible purchases (around $4,000 per month). Based on the earn rates of this card, we'd earn 48,000 points in a year. That is enough to get $190 cashback (47,500 points), which would more than offset the annual fee.
  • The value of rewards. What if we weren't excited about cashback or any other reward? Or if earning all those points felt like hard work? Then it would be time to look at other cards.

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.

Frequently asked questions

Pictures: Shutterstock

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