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

  • Very high credit card interest rates

    1. Overall customer rating
    2. (Reviewed 22 days 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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  • Good customer service on phone and in person

    1. Overall customer rating
    2. (Reviewed about 1 month ago)

    ANZ have given me good service over the years but credit card interest is way too high as are all fees and should be more flexible eg if you normally pay the card right off monthly then on the occasional month when some is left on interest should ...  Full review 

    ANZ have given me good service over the years but credit card interest is way too high as are all fees and should be more flexible eg if you normally pay the card right off monthly then on the occasional month when some is left on interest should be less or maybe a sliding scale for different amounts ie under $200, $400 etc.


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    ANZ credit card review by Shirley from South Australia

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  • Poor service

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

    I think all banks are out to make huge profits. ANZ Bank - If you are a day late with payment, you will be charged a late fee. They offer low interest to customers swapping banks but don't look after their own customers. Not much use changing ba...  Full review 

    I think all banks are out to make huge profits. ANZ Bank - If you are a day late with payment, you will be charged a late fee. They offer low interest to customers swapping banks but don't look after their own customers. Not much use changing banks as I feel they are all the same, out for their own interests not the customer's. We had a Rewards card and the interest nearly sent us broke. Changed to Master card.


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    ANZ credit card review by Sue from Queensland

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  • No fees or charges as long as you watch balance

    1. Overall customer rating
    2. (Reviewed 3 months ago)

    As long as you pay the balance on time, and watch the expiry on the rewards points, this ANZ rewards VISA is awesome. We have it set to automatically pay from our bank account on the due date, and just make sure we have enough in the account on th...  Full review 

    As long as you pay the balance on time, and watch the expiry on the rewards points, this ANZ rewards VISA is awesome. We have it set to automatically pay from our bank account on the due date, and just make sure we have enough in the account on the due date. No charges or other fees for having it and heaps of points to get rewards.


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    ANZ credit card review by Edward from Western Australia

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  • Great service

    1. Overall customer rating
    2. (Reviewed 4 months ago)

    ANZ has always protected me against suspicious activity on my card. They provide great customer service. Interest rates could be improved though.  Full review 

    ANZ has always protected me against suspicious activity on my card. They provide great customer service. Interest rates could be improved though.


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    ANZ credit card review by Thomas from New South Wales

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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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