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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).

Everyday business spending on this card also earns 0.75 Qantas Points per $1 for the first $15,000 in a statement period and 0.5 points per $1 after that. You also get 0.5 points per $1 for government charges, and all points are pooled in a central Qantas Business Rewards account – with complimentary membership. Other benefits include a fast-track to Qantas Business Rewards Level 2 and complimentary travel insurance options. Keep in mind that there is a $300 annual fee for the account and a $75 yearly rewards fee for each card, which could add up if you want to get cards for employees.

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

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.

Business use. You must agree to use the card for business purposes. The person applying must also be authorised to open an account on behalf of the business.
Residency. At least one director, partner or proprietor applying for the account must be a permanent Australian resident.
Age. You must be at least 18 years old.
ANZ GoBiz online application requirements. If you're applying through ANZ GoBiz, you need to have been operating under the same ABN or ACN for at least 6 months, have at least 6 months of reconciled financial data in Australian dollars and be registered for GST if your business turnover is at least $75,000 per annum. Your annual turnover also can't be over $10 million.

Required documents

Personal information. You'll need to provide personal details for each person applying for the account, including additional cardholders. This includes your full name, date of birth, address, contact details and proof of identity.
Business details. This includes the business name, address and contact details.
Finances. You may be asked to provide details about your ongoing expenses, assets, liabilities and any other forms of income.

Go to ANZ's site More info

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.

Qantas Points per $1. For most everyday business spending, you'll earn 0.75 Qantas Points per $1 on eligible spending up to $15,000 in a statement period, then 0.5 points per $1 for the rest of the statement period. You also earn 1 additional Qantas Point per $1 on eligible Qantas spending. And for government payments (e.g. the ATO), you get 0.5 Qantas Points per $1 uncapped.
Qantas Business Rewards membership offers. If you're not a member of Qantas Business Rewards, you can get complimentary membership with this card to save on the usual $89.50 joining fee. You also get an automatic upgrade to Level 2 of the program, with benefits including up to 8% off eligible flights, additional points for flights and 30% off Qantas Club lounge membership.
Complimentary insurances. This card gives you access to unauthorised transaction insurance, domestic travel insurance and international travel insurance.
ANZ Global Business Concierge. This 24/7 service is available in 12 languages and can help you save time on travel plans and other requests, including priority restaurant bookings and priority access and discounted tickets for trade shows, sporting and special events.

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.

Interest-free days. If you pay the closing balance listed on each statement by the due date, you'll get up to 55 interest-free days on purchases made with this card.
Cash advances. A 21.74% p.a. interest rate applies for cash advances. There's also a cash advance fee worth 1.5% of the transaction (minimum $1.50).
International transaction fee. A 3% fee applies for overseas transactions, which can include transactions made online and processed overseas.

Go to ANZ's site More info

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Amy Finder

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Georgina

June 03, 2024

Is there a minimum wage requirements for applicants or solely based on business turnover

Sarah Megginson Finder

June 28, 2024

Hi Georgina,

Yes that’s right, this is a business card so your eligibly will depend on the income, expenses and turnover of your business, not your personal income.

Rebecca

May 15, 2024

Does this card earn points on ato payments?

Sarah Megginson Finder

May 17, 2024

Hi Rebecca,

I’ve checked the PDS and the specific information around ATO payments is: Points may be earnt at a different rate in respect of Government Charges and Taxation Payments. Refer to anz.com for the current earn rate bands and number of Points you currently earn per dollar spent on eligible purchases.

I tried navigating the ANZ website to confirm this exact earn rate, but it wasn’t immediately clear. Usually card providers promote the fact that they pay points on ATO payments, so I would assume that if you pay directly by your credit card to the ATO, you will likely earn no Qantas Points.

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Agam

May 01, 2024

Hi Amy,

With the ANZ Qantas Business Rewards Credit Card, the Bonus Qantas points that I would get, can those be used only if I choose to fly with Qantas or does it apply to other Airline partners too.? If yes, which ones are included?

Regards,

Agam

Sarah Megginson Finder

May 01, 2024

Hi Agam,

Qantas has a range of airline partners, including Jetstar, Emirates and British Airways. You can redeem on partner airlines when redeeming Classic Rewards, but you can only book Qantas operated flights when redeeming Classic Plus fares.

Hope this helps!

ANZ Qantas Business Rewards Credit Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates and fees

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