ANZ Rewards

  • ANZ
  • 18.79%

  • $89 $0 in the first 1 year

  • 44

ANZ Rewards Review

Review updated: 28 October 2014
Review published: 19 December 2012

What's hot:

  • Silver medal winner in Mozo's Experts Choice Awards 2014
  • 25,000 bonus Rewards points on your first eligible purchase
  • Uncapped points

What's not:

  • Points expire after 36 months

Mozo snapshot:

Taking out the silver medal for best value Visa Rewards Credit Card in Mozo's Experts Choice Awards, the ANZ Rewards credit card is a great all round rewards card offering cardholders the option to redeem their points for flights, travel, gift cards and merchandise. The card comes with both a Visa and an American Express card and if you apply by 13 January 2015 you'll receive 25,000 bonus Rewards points after your first eligible purchase.

Key features:

The ANZ Rewards Card has a standard purchase rate of 18.79% so be diligent about paying your balance off in full each month. There is no annual fee in the first year and an $89 annual fee every year after which comprises of a $34 annual account fee and a $55 rewards program services fee. 

You'll get two cards on the one account with the ANZ Rewards credit card, a Visa and an American Express card. With the American Express card you will earn 2 points per dollar and with the Visa card you will get 1.5 points per dollar spent. You can transfer your points direct to airline frequent flyers programs or redeem points for a range of rewards including giftcards, merchandise or shopping rewards. There is no cap on the amount of points you can earn each year but be mindful that points will expire after 36 months.

If you plan to use your card overseas or with overseas retailers you will have to pay a 3% foreign currency conversion charge on every purchase.

Additional benefits of this card include exclusive offers with American Express Select and via Visa Entertainment.

The usual penalties apply for late payments ($20).





Who it's good for:

This is a rewards card for the card holder that likes to have options with how to spend their rewards.

Any catches?

Points expire after 36 months so if you are saving up the points for that extended overseas holiday, you'll need to spend up big to get enough points in time or transfer them across to an airline program that you can then redeem for a flight later on when you are ready to travel.

How are ANZ credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
ANZ credit card 6.8 Based on 814
ANZ credit card reviews
5.7 5.9 6.8 7.5 7.1

Read ANZ credit card reviews by the Mozo community

Latest reviews of ANZ Rewards

  • Great online security

    1. Overall customer rating
    2. (Reviewed 11 days ago)

    ANZ are ALWAYS on the ball. I usually do a spot of shopping online here and there however twice now I have bought quite a bit online from different places ie. ebay and Amazon and within minutes I had ANZ on the phone wanting to confirm that I was ...  Full review 

    ANZ are ALWAYS on the ball. I usually do a spot of shopping online here and there however twice now I have bought quite a bit online from different places ie. ebay and Amazon and within minutes I had ANZ on the phone wanting to confirm that I was making the purchases online or if they would like me to cancel the payments!


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    ANZ credit card review by Danielle from Queensland

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  • Great rewards prizes if you use wisely

    1. Overall customer rating
    2. (Reviewed 16 days ago)

    This is a great card if you're good with your money. The rewards are fabulous and a customer service agent will give you a ring if your points are about to expire. However, one year (a couple of years ago) a gift card was automatically sent out to...  Full review 

    This is a great card if you're good with your money. The rewards are fabulous and a customer service agent will give you a ring if your points are about to expire. However, one year (a couple of years ago) a gift card was automatically sent out to my address without me having had the opportunity to fix it. Though I believe this does not occur anymore. All in all, this is a great card with great rewards, provided you know how to use your card. Otherwise you'll be paying hefty 20 something plus in interest charges.


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    ANZ credit card review by Lisa from Victoria

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  • Trust and Reward

    1. Overall customer rating
    2. (Reviewed 18 days ago)

    I likes ANZ due to its convenience and the features of rewards program. Pros: Trust, Convenience, Customer service Cons: Annual fee, High interest rates  Full review 

    I likes ANZ due to its convenience and the features of rewards program. Pros: Trust, Convenience, Customer service Cons: Annual fee, High interest rates


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    ANZ credit card review by Alvin from Victoria

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  • Competitive features

    1. Overall customer rating
    2. (Reviewed 21 days ago)

    They look out for you and are very fast to contact you if there are any suspicious charges on your account. Reward options are also good with a great selection.  Full review 

    They look out for you and are very fast to contact you if there are any suspicious charges on your account. Reward options are also good with a great selection.


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    ANZ credit card review by Nicole from New South Wales

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  • Very high credit card interest rates

    1. Overall customer rating
    2. (Reviewed 2 months ago)

    Very high interest rates.  Full review 

    Very high interest rates.


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    ANZ credit card review by Kevin from Victoria

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  • Show more reviews

Rewards scheme

  • Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.
  • You can get flights via Velocity, Air New Zealand or KrisFlyer.
  • Earn bonus points at over 30 bonus partners.

Special offers

  • Apply by 13 January 2015 and receive 25,000 bonus Rewards Points after your first eligible purchase.

Value of rewards points

  • Example reward
  • You'd need to spend
  •  
  • Visa
  • Amex
  • $100 gift card
  • $13,320
  • $9,990
  • $100 cash back
  • $13,747
  • $10,310
  • Flight: Sydney-Melbourne
  • $10,350
  • $7,763
  • Flight: Sydney-London
  • $187,500
  • $140,625
  • Points are capped?
  • Uncapped
  • Points expire?
  • 36 months

Details behind our 'value of rewards' calculations

  • Points earning 2 points per dollar on Amex, 1.5 points per dollar on Visa, uncapped
  • $100 gift card 19980 points buys a Myer $100 Gift Card
  • $100 cash back 20620 points buys a $100 credit
  • Flight: Sydney-Melbourne 1 points buys 0.444444 Velocity points; 6900 Velocity points buys a Virgin Australia Syd-Mel flight
  • Flight: Sydney-London 1 points buys 0.444444 Velocity points; 125000 Velocity points buys a Velocity partner London flight

*how did we do it? find out...

Rates

Purchase rate
18.79%
Intro purchase rate
none
Balance transfer rate
none
Balance transfer revert to cash
none
Cash advance rate
20.99%
Interest free days
44

Fees

Annual card fee
$89.00
Introductory fee
$0 in the first 1 year
Annual fee spend threshold
none
Reward program fee
$0.00
Late payment fee
$20.00
Cash advance fee
2%
Foreign exchange margin
3.00%
Duplicate statement fee
$0.00
Transaction verification fee
$0.00
Additional card fee
$65.00

Other financial bits

Minimum repayment amount
$25.00
Minimum repayment percent
2.0

Features

Additional cardholders
3
Other restrictions
none
Other benefits
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.

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