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How to earn credit card reward points with the ANZ Rewards program

Earn points for your everyday spending and use them for travel, merchandise or frequent flyer transfers.

Updated

The ANZ Rewards program gives you a way to earn points as you spend with ANZ Rewards credit card. You can redeem these points for rewards including travel, entertainment and gift cards through the ANZ Rewards website, or transfer them to your frequent flyer account with Virgin Australia Velocity, Air New Zealand Airpoints, Asia Miles or Singapore Airlines KrisFlyer. Use this guide to compare ANZ Rewards credit cards and learn more about the program so that you can decide if it's right for you.

What you'll find in this guide

Comparison of ANZ Reward Credit Cards

Data indicated here is updated regularly
Name Product Bonus Points Rewards program Rewards Points per $ spent Purchase rate (p.a.) Annual fee
ANZ Rewards Black Credit Card
150,000 bonus points
ANZ Rewards Program
Visa/MC
2
20.24% p.a.
$375 p.a.
150,000 bonus Reward Points when you spend $4,000 in the first 3 months, plus, and complimentary travel insurance.
ANZ Rewards Credit Card
50,000 bonus points
ANZ Rewards Program
Visa/MC
1
20.24% p.a.
$80 p.a.
Earn uncapped Reward Points and get 50,000 bonus points when you spend $1,000 within the first 3 months from approval.
ANZ Rewards Platinum
100,000 bonus points
ANZ Rewards Program
Visa/MC
1.5
20.24% p.a.
$95 p.a.
Receive 100,000 bonus Reward Points when you spend $2,500 on eligible purchases in the first 3 months.
ANZ Rewards Travel Adventures card
ANZ Rewards Program
Visa/MC
1.5
20.24% p.a.
$225 p.a.
Receive complimentary international travel insurance, earn ANZ Reward Points for your spending and save with 0% foreign transaction fees.
ANZ Business Rewards Options
ANZ Business Rewards
Visa/MC
1
20.24% p.a.
$200 p.a.
Be rewarded for spending on everyday business purchases with up to 1 point per $1 spent. $0 per additional card.
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How can I earn ANZ Rewards Points?

With an ANZ Rewards credit card, you earn reward points for every dollar spent on eligible purchases. This covers most everyday purchases but excludes cash advances and cash equivalent transactions, balance transfers, gambling, certain bills and government payments. The number of reward points you earn per dollar depends on your card and its earn rate.

Introductory bonus point offers

If you don't currently have an ANZ Rewards credit card, you can kickstart your points balance by getting one that offers introductory bonus points. Depending on the card, the bonus points can reward you with tens of thousands of ANZ Rewards. To collect the bonus points, you usually need to meet a spending requirement in the first few months you have a card. Remember to check the offer details before you apply so that you can figure out whether the spend requirement will work for you.

The ANZ Bonus Points Mall

You can also boost your point balance by shopping online through the ANZ Bonus Points Mall. This online shopping hub has over 40 retail partners – including David Jones, Dan Murphy's, Hotels.com and iTunes – and offers up to 10 bonus reward points per $1 spent.

To earn the points, you need to log in to your ANZ Rewards account and click on the retailer you want to shop with. You'll then be redirected to the retailer's website, where you can shop as normal and earn bonus points. Similar to other online reward malls, such as the one offered by Qantas Frequent Flyer or Velocity Frequent Flyer, you need to make sure you have cookies enabled in your browser and only use the window that comes up when you click on a retailer through the rewards mall website.

How to redeem ANZ Reward Points

family's sihouette at the airportThe ANZ Rewards website gives you plenty of ways to redeem points, either directly through the website or by transferring them to a frequent flyer program. Just keep in mind that you'll need to use your points within a three-year period, as ANZ Reward Points expire after 36 months.

Frequent flyer point transfers

You can convert your ANZ Reward Points to frequent flyer points with Virgin Australia Velocity, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Asia Miles. You can do one-off transfers at any time, as long as you meet the minimum transfer requirements.

Or, if you only want to use your ANZ Rewards card to earn Velocity Points or KrisFlyer Miles, you can set up auto-redemption so that your points are automatically transferred to your frequent flyer account.

Frequent flyer transfer details
Frequent flyer programExchange rateMinimum transfer amount
Virgin Australia Velocity2 ANZ Reward Points for
1 Velocity Point
2,000 points (or 2 points when Auto-Redemption is selected)
Air New Zealand Airpoints3,000 ANZ Reward Points for 15 Airpoints DollarsInitial minimum of 3,000
and additional multiples of 1,500
Singapore Airlines KrisFlyer1,500 ANZ Reward Points for 500 KrisFlyer MilesInitial minimum of 6,000
and additional multiples of 3,000
Asia Miles3,000 ANZ Reward Points for 1,500 Asia MilesInitial minimum of 3,000
and additional multiples of 1,500

Other ways to use ANZ Rewards

  • Travel. From flights to accommodation, car rentals and even travel accessories, you could pay for your entire holiday with ANZ Reward Points alone.
  • 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 cashback 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

couple smiling at their computer

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, cashback 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

Pros

  • 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.

Cons

  • 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.

Pictures: Shutterstock

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Save with a 22-month balance transfer offer. Plus, lounge passes, travel insurance and an annual fee refund when you spend an eligible $6k/year.
ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 22 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425 p.a.
Earn 100,000 bonus Qantas Points, 75 bonus Status Credits and $150 back when you spend $3,000 in the first 3 months with this premium card.
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* 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.

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