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 Flight Centre gift cards.
  • Earn bonus points at over 30 bonus partners.

Value of rewards points

  • Need to spend $22,500 (Visa)

  • Need to spend $20,000 (Visa)

  • Need to spend $27,800 (Visa)

  • Need to spend $260,000 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, uncapped

  • 22500 points buys a $100 credit

  • 20000 points buys a Myer $100 Gift Card

  • 27800 points required. 20000 points buys a Flight Center $100 gift card; assumed flight cost is $139

  • 260000 points required. 200000 points buys a $1,000 Flight Centre gift card; assumed flight cost is $1300

* 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
7.0

Based on 1034
ANZ credit cards reviews

6.0 6.2 7.0 7.5 7.2

Read ANZ credit card reviews by the Mozo community

Latest reviews of ANZ Balance

ANZ

ANZ Balance credit card review

Overall rating   5 / 10

Fine

The annual fee is high.
Full review

The annual fee is high.

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Andrew (VIC), reviewed 6 days ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   8 / 10

Not happy jan

In all the years I have had a card, they have never offered me any changes or better terms which is wrong. You should look after us as well as new people.
Full review

In all the years I have had a card, they have never offered me any changes or better terms which is wrong. You should look after us as well as new people.

    Price   4 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Dale (NSW), reviewed 11 days ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   8 / 10

Excellent rewards and great fraud service.

Excellent rewards program and easy online services. Their fraud service is excellent, and they returned money that was skimmed from my account.
Full review

Excellent rewards program and easy online services. Their fraud service is excellent, and they returned money that was skimmed from my account.

    Price   5 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Candice (NSW), reviewed 11 days ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   10 / 10

Excellent service

Good service.
Full review

Good service.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Blossom (VIC), reviewed 11 days ago

Was this review helpful? Yes

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ANZ

ANZ Balance credit card review

Overall rating   1 / 10

ANZ charges

The ANZ bank are out to charge for every little slip up you have and are slow to deliver when it is not your fault.. Not happy Jan!!
Full review

The ANZ bank are out to charge for every little slip up you have and are slow to deliver when it is not your fault.. Not happy Jan!!

    Price   1 / 10

    Features   1 / 10

    Customer service   4 / 10

    Convenience   1 / 10

    Trust   4 / 10

Less

Del (QLD), reviewed 13 days ago

Was this review helpful? Yes

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