ANZ Rewards Visa Card – Rates and Fees Review

Information verified correct on December 8th, 2016
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Put your ANZ Rewards Visa Credit Card to work and take advantage of uncapped points, 25,000 bonus points after your first eligible purchase is made within 3 months of card approval, and a treasure trove full of valuable rewards to spend them on.

ANZ offers a unique rewards program to their credit card customers, with not one, but two cards to spend and earn with. Keep the American Express rewards card on the side for that emergency need, while racking up your rewards points with eligible purchases made with your rewards Visa card. It’s the great of both spending worlds, giving you valuable rewards for your points like gift cards, cash back and even flights.

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 on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)20.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Minimum Monthly Repayment2%
Minimum Income$15,000
Card TypeAmerican Express/Visa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$15,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Annual Fee$80 p.a.
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or a minimum of $0
Overseas Cash Advance FeeThe greater of 2% of the cash advance amount or a minimum of $4
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$65 p.a.
Number of Additional Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive 25,000 Reward Points after your first eligible purchase is made within 3 months of card approval.

Cons

  • It only gives you up to 44 interest-free days on purchases.
Rewards ProgramANZ Rewards Program
Bonus Points on Sign-up25,000
Rewards Points per $ (VISA/MC)0.75
Rewards Points per $ (AMEX)1.5
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapUncapped
Points Expiry36 months

ANZ Rewards Visa Card review

A Visa credit card from ANZ gives you a lot of purchase power, with acceptance in stores, over the phone and online. Plus you have the added benefit of free ANZ ATM access, and online and mobile banking. This makes it easy to manage your account and see how your rewards points are stacking up.

You have ample opportunity to earn points with your rewards Visa card just for making your eligible purchases with 0.75 points for every dollar you spent on eligible purchases. Enjoy a further boost of 25,000 bonus points after you make your first eligible purchase within the first three months of card approval. When it comes to redeeming those points, you can choose flights from a number of different airlines, gift cards, or cashback to any of your ANZ accounts.

Benefits of the ANZ Rewards Visa Card

You are going to find that the ANZ Rewards Visa card benefits you in a myriad of ways:

  • 25,000 bonus Reward Points. Receive 25,000 bonus Reward Points after your first eligible purchase is made within the first three months of card approval.
  • Earn rewards points per $1 spent. Earn 1.5 points per $1 spent with AMEX and 0.75 points per $1 spent with Visa.
  • Valuable rewards. In addition to merchandise, shopping vouchers and gift cards, you have the option of cash back for your points, which can be applied to any of your ANZ accounts. Even choose your reward in advance, and it will automatically be sent to you when you reach your point goal.
  • Flexible flights. Instead of being limited to one airline, you can earn points towards flights with Velocity, Air New Zealand, Singapore Airlines and Cathay Pacific Asia.
  • Convenience. Visa credit card holders have practically unlimited shopping options, making it even easier to earn your points.
  • Additional cards. For an annual fee for each one, you can get up to 3 additional cards for your family members to use towards earning even more points.
  • Minimum annual income. Australian permanent residents earning at least $15,000 a year can qualify for this rewards credit card offer from ANZ.
  • Non-residents. Temporary residents of Australia and New Zealand citizens are also welcome to apply, but will need to meet certain conditions.
  • Mobile payment technology. Apple Pay, Android Pay and ANZ Mobile Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.

Features of the ANZ Rewards Visa Card

As you make comparisons with various rewards credit cards, you will notice that some features offered by ANZ really stand out:

  • Fees. The total annual fee for both cards issued in this ANZ rewards program is $80.
  • Competitive interest purchases. The interest charged to your purchase balance is a competitive 18.79% p.a. as is the interest for any balance transfers you make with the card.
  • Accessibility. Visa is one of the most widely accepted credit card brands in the world, making it easy for you to make purchases around the world, on the web and even over the phone. Plus you have access to cash advances at any ATM that displays the Visa logo.
  • Security. Feel protected with a card that is monitored for fraud using the Falcon system.
  • Interest-free days. If you pay your balance in full, your purchases won’t begin earning interest for up to 44 days after they have been made.
  • Credit limit. Your minimum credit limit on the rewards Visa card will be $1,000.

How to apply for an ANZ Rewards Visa Card

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

Eligibility criteria

  • Australian residents earning at least $15,000 annually will be considered. If you are a temporary or non-permanent Australian resident, you must earn at least $50,000 per annum, hold a valid 457 working visa and have at least 9 months remaining from the date of application.
  • You must be at least 18 years of age to be considered for this rewards credit card.

Required documents

  • 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.
  • You will be asked about your income, expenses, assets and liabilities.
  • For those who are self-employed, ANZ will require information about your accountant.

Australians have a number of options when it comes to choosing a rewards credit card program. ANZ offers some unique features and benefits that make it worth considering. Low annual fees, competitive interest rates and the convenience of Visa are just some of the credit card advantages, while you still have the rewards program to think about. ANZ gives you a lot of ways to redeem your points, with the added perk of flexibility. As there are a number of rewards credit cards on the market, you’d be good to compare your options to find the ideal card for you.

Frequently asked questions

How long will it take to get my bonus points?

The 25,000 bonus points are only awarded on the condition that you make an eligible purchase in the first three months. If you meet that goal you should see the points applied to your rewards account balance on the next statement.

Can I redeem my points with this card for a flight with Qantas?

Qantas is not one of the airline partners for the ANZ rewards card, but there are other airlines including Velocity that you can book your flight through.

How many points per dollar will I get if I use the American Express card?

The AMEX card gives you two points per dollar spent, but use this card with caution as some merchants will attach a surcharge for processing payments made with American Express.

Are there limits to the number of points I can earn in a year?

No, one of the benefits to the ANZ rewards program is that there is no points capping and your points earned will not expire.

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58 Responses to ANZ Rewards Visa Card – Rates and Fees Review

  1. Default Gravatar
    dianne | June 21, 2016

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

    • Staff
      May | June 21, 2016

      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.

      Cheers,
      May

  2. Default Gravatar
    Hai | June 14, 2016

    please define : “Definition of eligible purchases”.

    • Staff
      Anndy | June 14, 2016

      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.

      Cheers,
      Anndy

  3. Default Gravatar
    | July 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.

    Thanks.

    • Staff
      Sally | July 29, 2015

      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.

      Thanks,

      Sally

  4. Default Gravatar
    Lan | May 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?

    • Staff
      Jonathan | May 5, 2015

      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.

      Cheers,

      Jonathan

  5. Default Gravatar
    loui | March 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 ?

    • Staff
      Jonathan | March 18, 2015

      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!

      Cheers,

      Jonathan

  6. Default Gravatar
    Clare | February 17, 2015

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

    • Staff
      Elizabeth | February 17, 2015

      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.

      Thanks,

      Elizabeth

    • Default Gravatar
      Clare | February 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

    • Staff
      Jonathan | February 18, 2015

      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.

      Cheers,

      Jonathan

  7. Default Gravatar
    SHELSEA | February 7, 2015

    hi
    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?

    • Staff
      Jonathan | February 9, 2015

      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.

      Cheers,

      Jonathan

    • Default Gravatar
      SHELSEA | February 9, 2015

      thank you so much that is really helped

  8. Default Gravatar
    Barry | October 21, 2014

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

    • Staff
      Elizabeth | October 22, 2014

      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.

      Thanks,

      Elizabeth

  9. Default Gravatar
    Frank | July 12, 2014

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

    • Staff
      Shirley | July 14, 2014

      Hi Frank,

      Thanks for your question.

      Unfortunately you will not earn reward points on government charges.

      Cheers,
      Shirley

  10. Default Gravatar
    Athena | July 5, 2014

    Hi,
    are the points earned capped in any way?

    • Staff
      Shirley | July 7, 2014

      Hi Athena,

      Thanks for your question.

      This card allows uncapped points earning.

      Cheers,
      Shirley

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ME Bank frank Credit Card
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HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
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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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