ANZ Balance

ANZ

13.99%

$79

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / MasterCard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Blue Blue Saver including baggage and Jetstar Jetsaver including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Singapore, Virgin Atlantic and Malaysian, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Earn points for paying off your balance. Redeem your points for cashback and gift cards
  • You can get flights via Harvey World Travel Gift Vouchers
  • Earn bonus points at over 30 bonus partners.

Value of rewards points

  • Need to spend $20,000 (Visa)

  • Need to spend $22,500 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, uncapped

  • 20000 points buys a Myer $100 Gift Card

  • 22500 points buys a $100 credit

* How did we do it? Find out...

Rates

  • 13.99%

  • none

  • none

  • none

  • 21.74%

  • 55

Fees

  • $79.00

  • none

  • none

  • $0.00

  • $20.00

  • 2%

  • 3.00%

  • $0.00

  • $0.00

  • $32.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 3

  • none

  • none

About ANZ

ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ goMoney, it's easier to do banking on the go.

How are ANZ credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.2

Based on 870
ANZ credit cards reviews

6.2 6.4 7.1 7.6 7.3

Read ANZ credit card reviews by the Mozo community

Latest reviews of ANZ Balance

ANZ

ANZ Balance credit card review

Overall rating   9 / 10

Convinced

Good local service.
Full review

Good local service.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Peter (VIC), reviewed 2 days ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   5 / 10

Fees

Fees are too high.
Full review

Fees are too high.

    Price   5 / 10

    Features   5 / 10

    Customer service   4 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Janelle (WA), reviewed 24 days ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   7 / 10

Always good service

Convenient, staff helpful,great security services. My husband and I have been with our bank for 45 years and always found them to be reliable and honest.
Full review

Convenient, staff helpful,great security services. My husband and I have been with our bank for 45 years and always found them to be reliable and honest.

    Price   5 / 10

    Features   2 / 10

    Customer service   4 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Patricia (TAS), reviewed about 1 month ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   9 / 10

Great service

They are there when I need them, nothing is too much trouble...staff is great.
Full review

They are there when I need them, nothing is too much trouble...staff is great.

    Price   7 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Voet (NSW), reviewed about 1 month ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   9 / 10

Great job, keep changing.

I enjoy how ANZ is a people focused bank and is involved in the community. It definitely encourages me that I am trusting my money with a company that makes a point not to focus purely on money. I would like to make a suggestion though. I studied...
Full review

I enjoy how ANZ is a people focused bank and is involved in the community. It definitely encourages me that I am trusting my money with a company that makes a point not to focus purely on money. I would like to make a suggestion though. I studied a diploma of business and it is very effective for businesses to gain trust and even support from their customers when they are involved and help the community, which is what ANZ is doing. However I think ANZ should do more promotions about charities and even create charities where customers can get involved in their own community with help from the ANZ Bank.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Rhianah (WA), reviewed about 1 month ago

Was this review helpful? Yes

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