ANZ Rewards Card – Rates and Fees Review

Receive 25,000 bonus Reward Points when you meet the spend criteria. Plus, earn uncapped points with an ANZ Rewards card.

The ANZ Rewards card allows you to earn uncapped points per $1 spent on eligible purchases, with a treasure trove of valuable rewards including flights and other travel, gift cards, merchandise and cashback. Apply for this card, be approved and take advantage of 25,000 bonus ANZ Reward Points when you spend at least $1,000 on eligible purchases within the first 3 months from card approval.

Product NameANZ Rewards Credit Card
Rewards ProgramANZ Rewards Program
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.) 18.79% p.a.
Annual fee$80 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Cash advance rate (p.a.)20.99% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Minimum Income$15,000
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$80 p.a.
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4
Overseas ATM Withdrawal Fee$5
Gambling Transactions AllowedYes
Additional Cardholder Fee$65
Number of Additional Cardholders3


  • Receive 25,000 bonus ANZ Reward Points when you spend $1,000 on eligible purchases within the first 3 months from card approval.


  • It only gives you up to 44 interest-free days on purchases as opposed to other cards that offer up to 55 days.
Rewards ProgramANZ Rewards Program
Bonus Points25,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the ANZ Rewards Card

Check out these benefits of the ANZ Rewards:

  • 25,000 bonus Reward Points. Apply, be approved and spend $1,000 on eligible purchases within the first 3 months from card approval to receive 25,000 bonus Reward Points. To give you an idea, you could redeem them for 12,500 Velocity Points or a $100 David Jones gift card (22,225 Points).
  • Earn rewards points per $1 spent. The ANZ Rewards card has standard earn rates of 1 Reward Point per $1 spent on eligible purchases up to $1,000 per statement period, then 0.5 Reward Points per $1 spent on eligible purchases above $1,000 per statement period.
  • ANZ Rewards options. The ANZ Rewards program allows you to redeem your points for travel rewards, merchandise, shopping vouchers and gift cards. You also have the option of cashback for your points, which can be applied to any of your ANZ accounts. Plus you can choose your reward in advance and it will automatically be sent to you when you reach your point goal.
  • Flexible frequent flyer reward options. Instead of being limited to one airline rewards program, you can earn points and transfer them to a frequent flyer account with Velocity, Air New Zealand, Singapore Airlines or Cathay Pacific Asia.
  • Mobile payment technology. Apple Pay, Google Pay and Samsung Pay let you use your Apple, Android or Samsung device to tap and pay with your eligible ANZ credit card.

Features of the ANZ Rewards Card

Keep the following features in mind for the ANZ Rewards when comparing other cards:

  • Annual fee. This card charges a standard annual fee of $80.
  • Interest rates. The interest charged to your purchase balance is 18.79% p.a. (variable). For cash advance transactions, such as ATM withdrawals or foreign currency purchases, a variable interest rate of 20.99% p.a. applies.
  • Interest-free days. If you pay your balance in full by the due date on each statement, your purchases won’t begin accruing interest for up to 44 days after they have been made.
  • Credit limit. The minimum credit limit on this rewards Visa card is $1,000.
  • Additional cards. For an annual fee of $65 per card, you can get up to 3 additional cards for your family members to use. These cards also earn points for your account. Note that you will still be held responsible for keeping the account in good standing.

How to apply for an ANZ Rewards Card

Apply online for the ANZ Rewards card if you are able to meet the following requirements.

Eligibility criteria

  • Age. Applicants must be at least 18 years of age.
  • Residency status. Australian permanent residents and citizens are eligible to apply for this card. Temporary residents of Australia and New Zealand citizens are also welcome to apply, but will need to meet specific conditions. Visit the ANZ website, a branch or call 13 13 14 for more information.
  • Minimum income. Australian residents earning at least $15,000 annually will be considered. If you are a temporary Australian resident, you must meet this requirement and have at least 9 months remaining on your eligible visa from the date of application.
  • Credit history. You must have a good credit history.

Required documents

  • Identification. This could be your driver’s licence or passport. If you are a Visa holder you will also need to provide information from those documents.
  • Financial details. You will be asked about your income, expenses, assets and liabilities.
  • Employment details. This includes your role, salary and your employer’s contact details. For those who are self-employed, ANZ will require information about your accountant.

The ANZ Rewards card is an entry-level rewards credit card that has a reasonable earn rate and flexible reward options. It has a competitive annual fee when compared to some other reward credit cards, but doesn’t offer many extras. As there are a number of rewards credit cards on the market, you’d be wise to compare your options to find the ideal card for you.

Frequently asked question

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

60 Responses

  1. Default Gravatar
    BrettOctober 24, 2018

    Can ANZ Rewards points be used for Flights with Qantas not Frequent Flyer Program just simply flights with Qantas?

    • Avatarfinder Customer Care
      NikkiOctober 24, 2018Staff

      Hi Brett,

      Thanks for getting in touch! As it says on our page, Qantas is not one of the airline partners for the ANZ Rewards card, but there are other airlines, including Velocity, that you can transfer your points to with this card.

      Hope this helps! Feel free to reach out anytime, we’re standing by.


  2. Default Gravatar
    dianneJune 21, 2016

    Do I get 2 cards – 1 Visa and 1 AMEX?

    • Avatarfinder Customer Care
      MayJune 21, 2016Staff

      Hi Dianne,

      Thanks for your question.

      Yes, you can get 2 cards – 1 Visa and 1 AMEX – both under one ANZ Rewards Visa Card account. This way, you’ll have the opportunity as to maximising your potential of earning rewards points.


  3. Default Gravatar
    HaiJune 14, 2016

    please define : “Definition of eligible purchases”.

    • Avatarfinder Customer Care
      LouJune 14, 2016Staff

      Hi Hai,

      Thanks for your question.

      Eligible purchases are purchases for goods and services but excluding returns and other credits. Eligible purchases do not include fees or interest charges, balance transfers, cash advances, purchases of traveler’s checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. 

      I hope this answers your question.


  4. Default Gravatar
    KennyJuly 28, 2015

    What is the conversion rate of the reward points to frequent flyer points?

    1 reward point = ?? Krisflyer miles/Velocity/Airpoint dollars/Asia miles.


    • Avatarfinder Customer Care
      SallyJuly 29, 2015Staff

      Hi Kenny,

      Thanks for your question.

      Two ANZ Rewards points can be redeemed for one Velocity Frequent Flyer point.

      A minimum of 6,000 ANZ Rewards Points can be redeemed for 2,000 KrisFlyer Miles. After the initial redemption, you can redeem a minimum of 3,000 ANZ rewards points for 1,000 KrisFlyer Miles.

      Redeem an initial minimum of 3,000 Rewards Points for 15 Airpoint Dollars, with additional multiples of 1,500 ANZ Rewards Points allowed thereafter.

      You can redeem a minimum of 3,000 Rewards Points for 1,000 Asia Miles and then a minimum of 1,500 ANZ Rewards Points thereafter.

      For further information, please visit the ANZ Rewards website.

      I hope this has answered your question.



  5. Default Gravatar
    LanMay 4, 2015

    I applied for this card and received it about a month ago. How long does it take to get the 50,000 bonus points?

    • Avatarfinder Customer Care
      JonathanMay 5, 2015Staff

      Hi Lan, thanks for your inquiry!

      The 50,000 bonus Reward Points will be credited to your account within three months of your first eligible purchase. The first eligible purchase must be made within 30 days of approval.



  6. Default Gravatar
    louiMarch 17, 2015

    hi, im interested in this credit card but a little confused with the wording. can you receive qantas frequent flyer points on this card or not ?

    also can you explain how the dual amex/visa works – is it one card or two ? if i make a purchase using amex card do i receive 2 points and if i make a purchase using the visa card do i receive 1.5 points ? so effectively you would receive 2 statements each month ?

    • Avatarfinder Customer Care
      JonathanMarch 18, 2015Staff

      Hi Loui, thanks for your inquiry!

      Unfortunately the ANZ Rewards Visa card does not earn Qantas Frequent Flyers points, although you can convert Rewards points to Velocity Frequent Flyer Points, Air New Zealand Airpoints Dollars, Singapore Airlines KrisFlyer Miles and Cathay Pacific Asia Miles. This card comes with a American Express and Visa card, with earnings rates of 2.00 points and 1.50 points respectively. The earnings rates would be displayed on the same statement under different headings.

      I hope this helps!



  7. Default Gravatar
    ClareFebruary 17, 2015

    Can I get an additional card for other person? How much does this cost?

    • Avatarfinder Customer Care
      ElizabethFebruary 17, 2015Staff

      Hi Clare,

      Thanks for your question.

      You can add up to three additional cardholders to your account. For additional cardholders on ANZ Rewards an additional cardholder fee of $10 will apply, along with a Rewards Program Services Fee of $55 per additional cardholder on the account.

      I hope this has helped.



    • Default Gravatar
      ClareFebruary 18, 2015

      Thanks, also what is the quickest way to apply/ get approved for a card. I have done online application with other banks and ended up not going ahead because they have not got back to me in weeks despite phone calls or have given me the run around re additional card holder etc

    • Avatarfinder Customer Care
      JonathanFebruary 18, 2015Staff

      Hi Clare, thanks for your inquiry!

      Generally credit card applications can take 5-10 days for the card to reach the desired address after application approval. Please see our page on new credit card applications on this page and the expected time of arrival for the card depending on the lender.



  8. Default Gravatar
    SHELSEAFebruary 7, 2015

    i would like to ask how many points equals to 1 AUS dollar
    and if i want use progress saver account to pay my school fee, can i get the points?

    • Avatarfinder Customer Care
      JonathanFebruary 9, 2015Staff

      Hi Shelsea, thanks for your inquiry!

      In regards to ANZ rewards points, rewards have different amounts of points requirements, depending on the type of reward. As such there is no set measure for rewards points to $AUD.

      For the purposes of this clause 47, qualifying purchases include everyday purchases charged to a black card account by the black card account holder or by any additional cardholder authorised by the black card account holder, but exclude balance transfers, cash advances (as defined in the ANZ Credit Cards Conditions of Use), cash equivalent transactions, any interest charges debited to the credit card account (including interest charged on previously charged interest), stamp duty and other government charges, ANZ Fees and account adjustments resulting from disputed or reversed transactions or refunds. Generally school fees are considered cash advances and are exempt from earning points.



    • Default Gravatar
      SHELSEAFebruary 9, 2015

      thank you so much that is really helped

  9. Default Gravatar
    BarryOctober 21, 2014

    If I spend 100000 a year on my credit card how much frequent flyer points do I get

    • Avatarfinder Customer Care
      ElizabethOctober 22, 2014Staff

      Hi Barry,

      Thanks for your question.

      This depends whether you spend this money on the Visa or American Express card linked to this account. You will earn 1.5 points for every dollar spent on your Visa card, so $10,000 will earn you 15,000 points. For your American Express card you will earn 2 points for every dollar you spend, so $10,000 spent will earn you 20,000 points.

      I hope this has helped.



  10. Default Gravatar
    FrankJuly 12, 2014

    Will I earn point with anz credit card payments to the ATO for BAS?

    • Avatarfinder Customer Care
      ShirleyJuly 14, 2014Staff

      Hi Frank,

      Thanks for your question.

      Unfortunately you will not earn reward points on government charges.


Credit Cards Comparison

Rates last updated June 26th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks. Ends 30 June 2019.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus points and save with an ongoing $50 annual fee. Plus, get a $129 Virgin Australia Gift Voucher each year. Ends 30 June 2019.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards 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
Go to site