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ANZ Rewards Card

Amy Bradney-George
Amy Bradney-George
Last updated:  

Earn points for your everyday spending, receive 25,000 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.

20.24% p.a.

Balance transfer rate

25,000

Bonus points

20.24% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

Details

Product NameANZ Rewards Credit Card
Rewards ProgramANZ Rewards Program
Balance Transfer Rate20.24% p.a.
Balance Transfer Limit95% of available balance
Purchase Rate20.24% p.a.
Annual Fee$80
Interest Free Period55 days
Cash Advance Rate20.24% p.a.
Minimum Credit Limit$1,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

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

Cons

  • It only gives you up to 55 days interest-free 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/Mastercard)1
Annual Fee$80
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
Late Payment Fee$20
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee2% or $4, whichever is greater
Overseas Cash Advance Fee2% or $4, whichever is greater
Overseas ATM Withdrawal Fee$5
Additional Cardholder Fee$65
Number of Additional Cardholders3

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy 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.

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. You must be an Australian citizen or permanent resident, or be a temporary resident with more than 9 months remaining on your visa.
  • 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.

Card benefits

  • 25,000 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 25,000 bonus Reward Points. As an example, you could redeem these points for 12,500 Velocity Points or 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.

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.

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60 Comments

  1. Default Gravatar
    Brett
    October 24, 2018

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

    Reply
    • AvatarStaff
      Nikki
      October 24, 2018

      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.

      Regards,
      Nikki

      Reply
  2. Default Gravatar
    dianne
    June 21, 2016

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

    Reply
    • AvatarStaff
      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

      Reply
  3. Default Gravatar
    Hai
    June 14, 2016

    please define : “Definition of eligible purchases”.

    Reply
    • AvatarStaff
      Dee
      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

      Reply
  4. Default Gravatar
    Kenny
    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.

    Reply
    • AvatarStaff
      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

      Reply
  5. 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?

    Reply
    • AvatarStaff
      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

      Reply
  6. 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 ?

    Reply
    • AvatarStaff
      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

      Reply
  7. Default Gravatar
    Clare
    February 17, 2015

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

    Reply
    • AvatarStaff
      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

      Reply
    • 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

      Reply
    • AvatarStaff
      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

      Reply
  8. 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?

    Reply
    • AvatarStaff
      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

      Reply
    • Default Gravatar
      SHELSEA
      February 9, 2015

      thank you so much that is really helped

      Reply
  9. Default Gravatar
    Barry
    October 21, 2014

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

    Reply
    • AvatarStaff
      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

      Reply
  10. Default Gravatar
    Frank
    July 12, 2014

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

    Reply
    • AvatarStaff
      Shirley
      July 14, 2014

      Hi Frank,

      Thanks for your question.

      Unfortunately you will not earn reward points on government charges.

      Cheers,
      Shirley

      Reply
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