In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates and fees
  • Your reviews
  • Ask a question
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ANZ Qantas Business Rewards
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Terms and conditions apply
Bonus points
130,000
Purchase rate
20.24% p.a.
Reward points per $ spent
0.75
Annual fee
$375 p.a.

Our verdict

Offers 130,000 bonus Qantas Points and complimentary insurances, with a $375 annual fee.

The ANZ Qantas Business Rewards Credit Card is the first co-branded credit card launched by Qantas and a bank in 6 years. This card is suited to small to medium-sized businesses that want to earn Qantas Points as they manage cash flow and expenses. It currently offers 130,000 bonus Qantas Points when you spend $6,000 on eligible purchases in the first 3 months from card approval, which is at the high end of the scale for bonus Qantas Point offers. As an example, it’s also enough for a return economy flight from Melbourne to London (110,400 Qantas Points) or a one-way business class flight from Sydney to Los Angeles (108,400 Qantas Points).

Pros

  • 130,000 bonus Qantas Points offer
  • Up to 0.75 Qantas Points per $1 on eligible spending
  • Offers fast-track to Qantas Business Rewards Level 2 for 12 months
  • Complimentary insurances

Cons

  • $75 yearly rewards fee for each additional card
  • Earn rate for eligible purchases drops after the first $15,000 in a statement period
  • 3% overseas transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates and fees
  • Your reviews
  • Ask a question

The ANZ Qantas Business Rewards Credit Card offers complimentary membership to the Qantas Business Rewards program, which has a standard $89.50 annual fee. This program unlocks a range of benefits for businesses, including flight discounts, additional points for eligible flights and the ability to transfer points to any personal Qantas Frequent Flyer account. This card’s 20.24% p.a. interest rate for purchases is similar to other business credit cards, and you can get up to 55 days interest-free if you pay the total balance listed on each statement by the due date.

Details

Product details

Product Name ANZ Qantas Business Rewards
Purchase rate p.a. 20.24%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.74%
Min credit limit $5,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Qantas Business Rewards
Bonus points 130,000
Rewards points per $ spent 0.75

Fees

Annual fee $375
Late payment fee $35
Foreign currency conversion fee 3%
Cash advance fee 1.5% or $1.50, whichever is greater
Overseas cash advance fee 1.5% or $1.50, whichever is greater
Additional cardholder fee $0

How to apply

You can apply for the ANZ Qantas Business Rewards Credit Card online in around 20 minutes through ANZ GoBiz. For this option, you need to connect your accounting software (Xero, MYOB or Intuit QuickBooks).

Alternatively, you can request a callback through the ANZ website. Before you apply, make sure you and your business meet the eligibility requirements and have the necessary information to complete the application:

Eligibility criteria

  • New cardholder. To take advantage of the bonus points offer, you must not currently hold or have held an ANZ Qantas Business Rewards and/or an ANZ Business Black within the last 12 months.
  • ABN and ACN. You must have a valid Australian Business Number (ABN) or Australian Company Number (ACN) to apply.

Card benefits

  • 130,000 bonus Qantas Points. You'll earn 130,000 bonus Qantas Points when you spend $6,000 on eligible purchases in the first 3 months from card approval. Eligible purchases include most everyday business spending but transactions that are not eligible include BPAY payments, cash advances and account fees and charges. The bonus points are added to your Qantas Business Rewards member account within 3 months of meeting the spend requirement. But keep in mind that ANZ may withdraw or vary this offer at any time.
  • Additional cards for employees. The ANZ Qantas Business Rewards Credit Card offers unlimited additional cards. Just remember to factor in the $75 yearly rewards fee for each one.

Rates and fees

  • Annual fee. The ANZ Qantas Business Rewards Credit Card has a $375 annual fee. This is made up of a $300 annual fee and $75 rewards program fee, which applies for each card linked to the account. As an example, if you had a total of 4 cards, the cost would be $600 ($300 annual fee plus $300 worth of yearly reward fees).
  • Interest rate for purchases. The 20.24% p.a. interest rate for purchases is similar to other business credit cards that offer rewards.

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Amy Finder

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