ANZ Rewards

ANZ Rewards gives you a way to earn points on your credit card spending, which you can redeem for gift cards, frequent flyer points, cashback and retail items.

Similar to other credit card reward programs, the range of rewards means you have the flexibility to choose rewards based on what you want at the time. This can be really useful if you're a member of a few frequent flyer programs, because you can transfer ANZ Rewards Points to Velocity Frequent Flyer, Air New Zealand Airpoints, Asia Miles or Singapore Airlines KrisFlyer.

How to earn ANZ Rewards points

When you have an ANZ Rewards credit card, you’ll earn points for each $1 of eligible spending. Depending on the card, the amount of points you earn is different:

Credit card	Earn rate	Points cap and expiry details
ANZ Rewards Platinum	1.5 ANZ Reward Points per $1 spent on eligible purchases up to and including $2,000 per statement period, then 0.5 ANZ Reward Points per $1 spent on eligible purchases over $2,000 up to and including $25,000 per statement period. No ANZ Reward Points earned over $25,000 per statement period	Points expire 36 months after the 31 December for the year they were earned.
ANZ Rewards Black	2 ANZ Reward Points per $1 spent on eligible purchases up to and including $5,000 per statement period, then 1 ANZ Reward Point per $1 spent on eligible purchases over $5,000 up to and including $50,000 per statement period. No ANZ Reward Points earned over $50,000 per statement period	Points expire 36 months after the 31 December for the year they were earned.

What are "eligible purchases"?

Most everyday spending is eligible to earn points, including your groceries, petrol, dining out or even a doctor’s appointment.

But cash advances, balance transfers, gambling transactions and account fees are not eligible for ANZ Rewards Points.

Bonus point offers

If you don't have an ANZ credit card at the moment, getting one with introductory bonus points offer could give you thousands of bonus points for meeting a spend requirement. For example, a Rewards Platinum card can give you 125,000 bonus points when you spend $3,500 on eligible purchases in the first 3 months.

The bonus point offers on ANZ Rewards credit cards are only available for a limited time. Make sure to check before you apply to see if there's a deal that you want.

Redeeming ANZ Reward Points

Rewards are how you get value from the points that you earn. You can start redeeming from as low as 1,250 points and you’ll generally get more valuable rewards when you have more points.

There are 4 main types of rewards you can get with these points:

• Gift cards. Get a digital or physical gift card to spend with partnered brands like JB Hi-Fi, Woolworths, Coles or Bunnings. The value depends on the gift card but, to give you an idea, you could get a $10 Woolworths WISH gift card for 2,300 ANZ Rewards Points.
• Cashback. You can use points to get cash back on your ANZ Rewards credit card, which helps lower the balance. With this reward, every 1,250 points gives you $5 back on your account. Just keep in mind that cashback doesn’t count towards your minimum monthly repayment, so check your statement to see what you still need to pay by the due date.
• Retail items. The ANZ Rewards Store lets you shop with your points across categories including fashion accessories, fitness and health, kitchen, kids and techology.
• Point transfers. If you’re saving up points for flights or other rewards with a frequent flyer program, you could transfer ANZ Rewards Points to Velocity Frequent Flyer, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Asia Miles. Point transfers have the following rates:

Airline loyalty program	Transfer rate	Minimum transfer	Transfer time
Velocity Frequent Flyer	2 ANZ Reward Points = 1 Velocity Point	2,000 ANZ Reward Points	Within 5 business days
Air New Zealand Airpoints	2,000 ANZ Reward Points = 10 Airpoints Dollars	2,000 ANZ Reward Points	Within 6 business days
Asia Miles	1,500 ANZ Reward Points = 500 Asia Miles	3,000 ANZ Reward Points	Within 18 business days
Singapore Airlines KrisFlyer	1,500 ANZ Reward Points = 500 KrisFlyer Miles	1,500 ANZ Reward Points	Within 15 business days

How much are ANZ Rewards Points worth?

There is no fixed value for ANZ Reward Points because each reward requires a different amount of points and has a different dollar value.

But you can get an estimate of the value of ANZ Reward Points with Finder's calculator.

Points-to-dollars calculator

Points-to-dollars calculator 💵

Program

Select a rewards program Qantas Frequent Flyer Velocity Frequent Flyer Flybuys Woolworths Everyday Rewards Amex Membership Rewards ANZ Rewards CommBank Awards NAB Rewards Westpac Altitude Rewards Amplify Rewards Bendigo Rewards Great Southen Bank Platinum Rewards Kogan Rewards

Points

Enter the number of points Enter digits only; commas are ok.

Estimated value

As an example, to get a $100 Myer gift card will cost you 19,980. That works out to a value of around $5.01 per 1,000 ANZ Rewards Points points.

If there's another reward you want, you can also divide the dollar value of the reward by the number of points needed to get specific details. Or, use Finder's guide to calculating the values of reward points.

To get the most value from the ANZ Rewards program, always choose rewards that you want or need so you can at least save some cash. If there's nothing you want, just keep saving up points.

Or, if you’re active with a frequent flyer program, transfer them so you can put them towards flight rewards, which can offer more than $20 value per 1,000 frequent flyer points.

How to redeem ANZ Reward Points

You can redeem your ANZ Reward Points through the ANZ app, ANZ Internet Banking, or by calling the ANZ Rewards Centre.

How to decide if the ANZ Rewards program is worth it for you

With any rewards credit card, there is a chance that the card's costs will outweigh the value you get from any bonus points, rewards and other perks. So here's what to think about before you apply.

1. Look at the cost of the card. The annual fee and the interest rate for purchases are the key costs. Ideally, you want an annual fee that is worth less than the value of your rewards.
2. Ask yourself how much you'll use the card. The main way you earn points is by making eligible purchases with your credit card. If you don't earn enough points, getting rewards won't be worth it compared to the account costs.
3. Think about whether the rewards are actually valuable to you. You can look at the rewards on offer through the ANZ Rewards website before you actually get a credit card. If there aren't any that excite you, then this probably isn't the rewards program for you.

Example: Working out if an ANZ Rewards Platinum card is worth it

Let's put these 3 tips into practice with the ANZ Rewards Platinum Credit Card.

• Card costs. This card has a $94 annual fee and a 22.49% p.a. interest rate for purchases (outside of any promotions). To keep it simple, we'll focus on the annual fee cost in this example, but remember to think about interest charges if you carry a balance. If you could earn 22,500 points in a year, you'd have enough for a $100 Coles Group & Myer gift card that would cover this cost.
• Yearly spending. Let's say you have an average yearly spend of $48,000 on eligible purchases (around $4,000 per month). Based on the earn rates of this card, you'd earn 48,000 points in a year. That is enough to get $190 cashback (47,500 points), which would more than offset the annual fee.
• The value of rewards. What if we weren't excited about cashback or any other reward? Or if earning all those points felt like hard work? Then it would be time to look at other cards.

What’s important to remember is that rewards can be a great way to get something extra out of having a credit card – for some people. And for other people, money-saving features can give them more value.

Frequently asked questions

• How do I check my ANZ Rewards balance?

  You can check your account balance through the ANZ app, ANZ Internet Banking, or by calling the ANZ Rewards Centre on 1300 367 763.

• Do ANZ Rewards Points expire?

  Yes, your points will expire if you don’t redeem them within a 36-month period, which starts on 31 December of the year in which the points were added to your account.

  For example, if you earned points in May 2026, your 36-month period would begin 31 December 2026 – giving you until December 2029 to use them.

  Reward points also expire if you cancel your card and don’t use them within 90 days of the account closing.

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