ANZ Rewards Visa Card – Rates and Fees Review

18 July 2017

Save money with no annual fee in the first year and receive 25,000 bonus Reward Points when you meet the spend requirement for the ANZ Rewards Visa Card.

The ANZ Rewards Visa Card allows you to earn points per $1 spent on eligible purchases, with a treasure trove of valuable rewards including flights and other travel, gift cards, merchandise and cash back. Apply for this card now, be approved and take advantage of 25,000 bonus points when you spend $2,500 on eligible purchases in the first 3 months from approval and no annual fee in the first year.

ANZ Rewards Visa Card review

This Visa credit card from ANZ gives you a lot of purchasing power, with acceptance in stores, over the phone and online. Until 5 August 2017, it also offers 1 point per $1 spent on eligible purchases uncapped. After that, you receive 1 point per $1 spent up to $1,000 per statement period, then 0.5 point per $1 spent on eligible purchase above $1,000 per statement period. Note that different earn rates may apply for existing customers. Call ANZ on 13 13 14 for more information on the reward points earn rate(s) that apply to their account.

In addition to these features, 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 can also enjoy an offer of no annual fee in the first year (normally $80 p.a.) and 25,000 bonus ANZ Reward Points when you apply, are approved and spend at least $2,500 on eligible purchases in the first 3 months from card approval.

Benefits of the ANZ Rewards Visa Card

Check out these benefits of the ANZ Rewards Visa:

• No annual fee in the first year. The ANZ Rewards Visa Card offers $0 annual fee in the first year. A fee of $80 p.a. will apply thereafter.
• Bonus Reward Points. Apply, be approved and spend $2,500 on eligible purchases in the first 3 months from card approval to receive the 25,000 bonus points.
• Earn rewards points per $1 spent. The ANZ Rewards Visa 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 Point per $1 spent on eligible purchase above $1,000 per statement period. Until 5 August 2017, receive 1 Reward Point per $1 spent on eligible purchases uncapped. Eligible purchases include most everyday transactions but exclude fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes. Refer to the ANZ Rewards terms and conditions booklet for more details.
• 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 cash back 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.
• 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.
• Mobile payment technology. Apple Pay, Android Pay, ANZ Mobile 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 Visa Card

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

• Annual fee. This card has a standard annual fee of $80 (waived in year one).
• 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 standard variable interest rate of 20.99% p.a. applies.
• 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 by the due date on each statement, 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.
• Other ANZ Rewards program details. Reward points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet, available online or by calling 13 13 14.

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

• Age. You must be at least 18 years of age to be considered for this rewards credit card.
• 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 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.

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 Visa 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 good to compare your options to find the ideal card for you.

Frequently asked questions