ANZ Rewards Card

Last updated: Apr 24, 2020

Earn points for your everyday spending, receive 50,000 bonus Reward Points and enjoy Visa perks on a new ANZ Rewards credit card.

The ANZ Rewards card earns up to 1 point per $1 spent on eligible purchases, which you can redeem for frequent flyer points, travel, gift cards, merchandise, cashback and more.

You can also enjoy an introductory 50,000 bonus ANZ Rewards Points when you apply for this card and spend at least $1,000 on eligible purchases within the first 3 months from card approval.

20.24% p.a.

Balance transfer rate

50,000

Bonus points

20.24% p.a.

Purchase rate

Reward point

Per $ spent (Visa/Mastercard)

Details

Product Name	ANZ Rewards Credit Card
Rewards program	ANZ Rewards Program
Balance transfer rate	20.24% p.a.
Balance Transfer Limit	95% of available balance
Purchase rate (p.a.)	20.24% p.a.
Annual fee	$80 p.a.
Interest free period	55 days
Cash advance rate (p.a.)	20.24% p.a.
Min credit limit	$1,000
Card type	Visa
Foreign currency conversion fee (Visa/Mastercard)	3%
Complimentary travel insurance	No

Minimum age	18 years of age
Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

50,000 bonus Reward Points when you spend $1,000 in 3 months
Earn 1 Reward Point per $1 spent up to $1,000 / statement period (0.5/$1 thereafter)

Cons

Charges a $65 annual fee per additional cardholder
$1,000 threshold before lower earn rate kicks in is low

Rewards program	ANZ Rewards Program
Bonus Points	50,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)	1

Annual fee	$80 p.a.
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee (Visa/Mastercard)	3%
Cash Advance Fee	2% or $4, whichever is greater
Overseas cash advance fee	2% or $4, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of Additional Cardholders	3

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.

Expert review

The ANZ Rewards gives you a way to earn points per $1 spent and offers an annual fee of $80 – which is on the lower end of the scale for rewards cards. The potential trade-off, however, is that this card doesn’t offer any complimentary travel insurance or other premium perks that you see on cards with higher annual fees.

If your focus is more on rewards, this card offers 1 point per $1 spent on eligible purchases worth up to $1,000 each statement period, and 0.5 points per $1 after that. You also have the flexibility to use your points for rewards such as gift cards and merchandise, or transfer them to Singapore Airlines KrisFlyer, Asia Miles or Air New Zealand Airpoints. You can also use the ANZ Rewards to mobile payments by adding it to your Apple Pay, Google Pay or Samsung Pay account.

How to apply

You can apply for the ANZ Rewards card online in around 5 minutes by filling out a secure application form via the ANZ website. Before you get started, check that you meet the following eligibility criteria and have all your documents and details ready.

Eligibility criteria

Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have an eligible working or business visa with at least 9 months remaining.
New cardholder. To earn the bonus points, you must be a new ANZ Rewards customer. This means you can't currently hold or have previously held an ANZ Rewards Black, ANZ Rewards Platinum or an ANZ Rewards credit card in the last 12 months.

Age. You must be at least 18 years old to apply.
Credit history. You need a good credit rating to receive approval for this card. You can get your credit score and comprehensive credit report for free through Finder.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth, marital status, number of dependents and contact number. You'll also need to provide a valid form of ID, such as your driver's licence number or passport.
Employment details. This covers your current job title, years in the job, salary information and your employer's contact details. If you're self-employed, you'll need to provide details of your work, as well as your accountant's contact details. You will also be asked for documentation to verify these details, such as recent payslips or tax assessment notices.
Financial details. Provide details about any other forms of income, such as government payments, superannuation payments and savings. You'll also need to share details of any investments, debts and existing credit and loan accounts. As well as this information, you'll be asked to estimate of your regular household expenses, including rent or mortgage payments, bills and groceries.

Card benefits

50,000 bonus Reward Points. Apply as a new customer and spend $1,000 on eligible purchases within the first 3 months from card approval to receive 50,000 bonus Reward Points. As an example, you could redeem these points for a $100 David Jones gift card (22,225 Points).
Earn points per $1 spent. The ANZ Rewards card earns 1 Reward Point per $1 spent on eligible purchases up to $1,000 spent per statement period, then 0.5 Reward Points per $1 spent on eligible purchases above $1,000 spent per statement period.

ANZ Rewards options. The ANZ Rewards program allows you to redeem your points for travel rewards, merchandise, gift cards and cashback to your ANZ account. You can also set up auto-redemptions for rewards if you know you'll want the same option every time.
Flexible frequent flyer reward options. If you're a frequent flyer, you can choose to transfer your ANZ Rewards Points to a frequent flyer account with Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Asia Miles.
Mobile payment technology. This ANZ credit card is eligible for use with Apple Pay, Google Pay and Samsung Pay, so you can add it to your account and then use your Apple, Android or Samsung device to tap and pay. You can also pay with your eligible fitness tracker via Garmin Pay and Fitbit Pay.
Visa Offers + Perks. You can take advantage of exclusive travel, leisure and dining offers thanks to Visa Offers + Perks.
Visa benefits. Take advantage of Visa's range of exclusive shopping and travel offers – such as hotel discounts or upgrades – which are listed on the Visa website. You can also enjoy exclusive ticket and experience offers through Visa Offers + Perks.

Rates & fees

Annual fee. This card charges an annual fee of $80 p.a. (includes a $25 annual account fee and a $55 Rewards Program service fee).
Interest rates. This card has an interest rate of 20.24% p.a. for purchases. For cash advance transactions – such as ATM withdrawals or foreign currency purchases – a variable interest rate of 20.24% p.a. applies.

Cash advance fee. A 2% applies if you use this card for a cash advance transaction. You can find out more about what counts as a cash advance transaction in this guide.
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 55 days after they have been made. Note that the amount of interest-free days available depends on when during a statement period your purchases are made. Balance transfers and cash advance transactions also aren't eligible for interest-free days.
Foreign transaction fees. If you use this card to make purchases overseas or when shopping online with an overseas business, you'll be charged 3% of the transaction value.

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