ANZ Rewards Card

Offers points on your everyday spending and Cashrewards Max cashback offers, with an $80 annual fee.

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. It also gives you access to Cashrewards Max, which gives you a way to get cashback offers with over 1,700 brands when you link your card to a Cashrewards account.

While the $80 annual fee is on the lower end of the scale for rewards cards, this card doesn’t offer any complimentary travel insurance or other premium perks that you see on cards with higher annual fees. So it’s still worth checking that you’ll get enough value from the points and other perks to justify the cost.

Amy Bradney-George

Last Updated Aug 24, 2021

20.24% p.a.

Balance transfer rate

20.24% p.a.

Purchase rate

Reward point

Per $ spent

$80 p.a.

Annual fee

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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 limit
Purchase rate	20.24% p.a.
Annual fee	$80
Interest-free period	Up to 55 days on purchases
Cash advance rate	20.24% p.a.
Min credit limit	$1,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

Earn 1 Reward Point per $1 spent up to $1,000 / statement period (0.5/$1 thereafter)
Access to Cashrewards Max cashback offers when you shop with participating brands

Cons

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

Rewards program	ANZ Rewards Program
Bonus points	N/A
Rewards points per $ spent	1

Annual fee	$80
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	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

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The ANZ Rewards Card offers 1 point per $1 on eligible spending for the first $1,000 in each statement period and 0.5 points per $1 after that. This makes it suited to people who want to earn points but don’t spend enough to justify the higher annual fees that typically come with cards offering higher earn rates.

With ANZ Rewards, you have the flexibility to use your points for gift cards, cashback or point transfers to Virgin Australia’s Velocity Frequent Flyer program, 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.
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

Earn points per $1 spent. The ANZ Rewards card earns 1 Reward Point per $1 spent on eligible purchases up to spent per statement period, then 0.5 Reward Points per $1 spent on eligible purchases above 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 Velocity, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Asia Miles.
Cashrewards Max. This complimentary program gives you a way to earn cashback when you shop with over 1,700 brands including Apple, THE ICONIC, Uniqlo and Uber Eats. To get started, create a free Cashrewards account, then link your ANZ credit card to unlock the Cashrewards Max benefits (including bigger cashback offers). After that, you'll get cashback when you shop in-store or online with participating brands. The cashback is added to your Cashrewards account and you can transfer it to your bank account or PayPal once you've collected at least $10.01 cashback. Learn more about this ANZ Cashrewards partnership that launched in 2021.
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 the required closing 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. The amount of interest-free days available depends on when during a statement period your purchases are made. Note that if you have promotional balances from relevant balance transfer plans, instalment plans and buy now pay later plans, you will need to pay the full Adjusted Closing Balance listed on your statement to be eligible for interest-free days. This is calculated as your closing balance less the sum of any relevant promotional plans.
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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ANZ Rewards Card