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ANZ Rewards Card

Last updated: 17 January 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% of transaction value
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% of transaction value
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 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.

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 four frequent flyer programs – Velocity, 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 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.

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.
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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60 Comments

Brett
October 24, 2018

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

Reply
- finder Customer Care
  
  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
dianne
June 21, 2016

Do I get 2 cards – 1 Visa and 1 AMEX?

Reply
- finder Customer Care
  
  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
Hai
June 14, 2016

please define : “Definition of eligible purchases”.

Reply
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
Clare
February 17, 2015

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

Reply
- finder Customer Care
  
  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
- 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
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
- SHELSEA
  February 9, 2015
  
  thank you so much that is really helped
  
  Reply
Barry
October 21, 2014

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

Reply
- finder Customer Care
  
  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
Frank
July 12, 2014

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

Reply
- finder Customer Care
  
  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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